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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. While this may be easier said than done, our survey results reveal three major strategies: raising rents and resident-paid fees, making value-add property updates, and using technology to improve efficiency.

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

Hospitable

He worked as a software engineer and rented a two-bedroom flat in London. Since the rent was high and the income he earned as a junior developer was insufficient, Waigwa began searching for ways to earn extra money to cover the rent. He listed one of his bedrooms on Airbnb, and within two days, he got his first booking.

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

T&H Realty

Rent Growth vs. Operating Expenses: The Profitability Squeeze While home prices have soared, rent growth has barely kept up. The average rent for a single family home in Indianapolis was $1,593 as of Q4 of 2024. This marks only a modest increase of $75 compared to the previous year.

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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.

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Top 10 property management tax deductions for 2025

Buildium

For 2024, this was as much as $20,400 (the actual amount depends on the cost of the car and the amount of business use). The standard mileage rate for 2024 is 67 cents per mile. For example, you can deduct the rent and utilities you spend for an outside office or other workspace. This deduction is scheduled to end on Jan.

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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

The 2024 America’s Rental Housing Report has several notable trends and key takeaways. However, rent growth for apartments with professional management fell during the third quarter (Q3) of 2023. Only 1% of the markets reported a rent growth of 10% in Q3 of 2023. The rental market rapidly increased during 2021 and 2022.