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California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

Signed into law in September 2024, California Assembly Bill 2622 (AB 2622) introduces updates to the Contractors State License Law that directly benefit property owners and renters. AB 2622 raises the dollar threshold for contracting work that does not require a licensed contractor.

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Can You Deduct Your Own Labor on a Rental Property, Answered

Bay Property Management Group

After all, hiring contractors is deductible, so shouldnt your own hard work count too? However, there are other ways you can save on your rental expenses, like contractor and material costs. The IRS only allows deductions for real expenseslike paying contractors, buying materials, or hiring property managers.

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6 top property management growth strategies for 2025 and beyond

Buildium

Let’s say a contractor in your network informs you that a rental property nearby is about to be listed for sale. According to a 2024 Cost vs. Value report from the Journal of Light COnstruction (JLC), remodeling projects with the highest potential return include garage door replacements (193.9% ROI), entry door replacements (188.1%

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Cash Flow Might Be Tight in Indianapolis, But Investment Still Makes Sense

T&H Realty

The average rent for a single family home in Indianapolis was $1,593 as of Q4 of 2024. Additionally, cost-saving measures such as preventative maintenance, bulk contractor discounts, and energy-efficient upgrades can lower expenses in the long run. This marks only a modest increase of $75 compared to the previous year.

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Scaling Short-Term Rentals: From One Room to 20+ Properties

Hospitable

Starting a Property Management Business In 2024, Waiga decided to launch a property management business. “I At one point, we also handled the cleaning ourselves, but as we grew and learned, we began partnering with other contractors, such as cleaners and maintenance personnel. He put them on Airbnb to get additional income.

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Designing the Future of Additional Dwelling Units: Why Adunest Is Your Go-To ADU Design Partner

American Apartment Owners Association

Pasadena Homeowners Frequently Asked Questions Q: Do I still need a contractor after using Adunest? The Adunest Difference: Design-First, Compliance-Ready Most firms lump design into construction packages. Adunest translated the legal jargon into clear steps and got our permit approved on the first submission. Linda & Mark H.,

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. For 2024, the form looks like this: What Is a 1099-NEC form? The IRS makes (typically small) adjustments to the 1099-MISC form each year.