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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. The district court ruled that Foster owed $5,700 in unpaid rent and $21,240 in late fees.

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Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

The Supreme Court ruled in Venkatesh Premises Co-op Society Ltd vs. ITO (2018) that this money is a pooled contribution used for self-benefit rather than income. ” Income from advertising hoardings, telecom towers, or space leased to outside parties Since it originates from outside companies, this is taxable. A grave error.

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Rent Collection: What The Best Property Managers Do To Get The Most Money For Their Client

Property Management Inc.

October 9, 2018 Maintaining a reliable cash flow is key to obtaining maximum profit for rental property owners and the greatest factor in reliable cash flow is the ability to consistently collect rent on time. Reliable rent collection doesn’t end with signing a reliable tenant.

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Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building. The city has retained the law firm Bryan Cave Leighton Paisner. The suit claims this is a “taking” of the landlord’s property.

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Rental Scams: What Property Managers Must Do To Prevent Listing Fraud

Property Management Inc.

According to a July 2018 survey by Apartment List, 6.4 If the con is successful, the scammers will then make off with the money from early rental payments or other leasing and processing fees they convince clients who think they’ll be getting a secure place to live out of the deal to pay. This scenario is far from uncommon.

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Understanding the 20% Pass-Through Tax Deduction for Redding, CA Landlords

Authority Property Management

This deduction began in 2018 and is currently scheduled to last through 2025. Rental services that count toward the 250 -hour requirement include tasks like advertising the property , negotiating leases, collecting rent, and managing maintenance. Who Qualifies for the 20% Deduction?

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Why Zillow Rent Estimates Miss the Mark in Redding, CA. A Local Expert's Insight

Authority Property Management

Discover Why Local Insights Outperform Online Algorithms for Reliable Rent Valuations When it comes to renting out properties in Redding, CA, and the surrounding areas, property owners and landlords often turn to Zillow’s Rent Zestimate ® tool for guidance. This substantial price difference skews the overall rental estimates.