Bay Property Management Group

FEBRUARY 26, 2025

Repairs and Maintenance Costs While you cannot deduct your own labor, as we covered, you can deduct the cost of materials and any hired labor for property repairs, painting, plumbing fixes, and more. And heres a bonus the IRS mileage rate for business use was 67 cents per mile in 2024 and went up to 70 cents per mile in 2025.

Rental Property

Bay Property Management Group

MARCH 18, 2025

Main Takeaways Mortgage rates have been steadily declining in early 2025, with 30-year rates reaching 6.52%, the lowest since mid-October 2024. the lowest level since mid-October 2024. Even though they’re higher than their lowest point in September 2024 (4.97%), they are still far below the peak of 7.08% we saw in late 2023.

Property Management

Bay Property Management Group

MARCH 27, 2025

As of 2024, the average monthly rent in Philadelphia is approximately $1,625. For renters, we work 24/7 to respond to maintenance requests, protect tenant rights, and just overall create spaces that truly feel like home. If you want to live in an up-and-coming area, or invest in it, those are some of the best places to look at.

Transportation

Authority Property Management

JUNE 6, 2025

from May 2024) Absorption Rate: 4.37 from May 2024) Absorption Rate: 4.37 Team Updates: Welcoming New Faces We’re thrilled to welcome Rana as our new Maintenance Coordinator. Total Homes Sold (May): 165 (down 17.9% Total Homes Sold (May): 165 (down 17.9% Her experience and dedication to service are already making an impact.

Real Estate

Property Management Inc.

MARCH 13, 2025

Commercial property managers must juggle tasks like lease negotiations, property maintenance, and ensuring compliance with zoning laws. Residential property managers prioritize tenant satisfaction, quick maintenance responses, and compliance with consumer protection regulations. Residential tenants typically pay a fixed monthly amount.

Residential Property Management

Zeevou

MAY 29, 2025

According to Rent Responsiblys 2024 vacation rental stats roundup, 67% of vacation rental guests prefer self-check-in. Task Management Property automation helps schedule and assign operational tasks, such as cleaning, linen changes, and maintenance. Automates maintenance tracking and management. Designed by Freepik 2.

Property Management

Buildium

JUNE 17, 2025

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% Accept, assign, and track maintenance requests to keep your properties in top condition and your tenants happy. ROI), entry door replacements (188.1%

Property Management

Authority Property Management

FEBRUARY 1, 2025

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. Cost Savings on Small Repairs Property maintenance often involves small jobs that fall in a gray area between DIY fixes and work requiring a licensed contractor.

Contractors

Bay Property Management Group

FEBRUARY 25, 2025

It factors in expenses like property taxes, maintenance, insurance, and management fees. as of 2024. We can handle inspections, legal compliance, maintenance, repairs, and so many other responsibilities that are necessary for retaining tenants and your property’s value alike. Note: In the U.S.,

IT

Bay Property Management Group

MAY 9, 2025

Main Takeaways Apartments provide steady rental income and lower maintenance responsibilities , thanks to shared building management, multiple tenants, and tax benefits. Repairs and Maintenance: You can deduct ordinary repairs and maintenance, like fixing a leaky faucet or repainting, in the year you incur them.

Apartment

Bay Property Management Group

MARCH 12, 2025

Before August 2024, it was the seller who would pay all commissions. With deep market insights, optimized rental strategies, and budget-friendly maintenance, were here to boost your income and reduce the stress of property management. Who Pays the Agents Commission? Sit back, enjoy the financial benefits, and leave the hard work to us.

Real Estate

Condo Control

FEBRUARY 5, 2025

Reserve fund studies Ontario reserve fund requirements Alberta reserve fund requirements British Columbia reserve fund requirements The law (SB 4-D) , which took effect at the end of 2024, requires condominium associations to complete milestone structural inspections and fully fund reserve funds.

Condominium

Rentals United

JULY 30, 2025

Maintain quality Perform regular upkeep and maintenance like checking appliances, repainting interiors, refreshing linen can set you apart on platforms like Airbnb and Booking.com. In 2024, industry groups like Short-Term Rental Advocacy Center and Rent Responsibly have influenced changes to local codes, especially in tourist-driven markets.

Regulation

T&H Realty

FEBRUARY 10, 2025

The average rent for a single family home in Indianapolis was $1,593 as of Q4 of 2024. Maintenance & Repairs: The price of labor and materials has surged, with some construction materials seeing a 10-20% increase. Operating Expenses: The Profitability Squeeze While home prices have soared, rent growth has barely kept up.

Single-Family Home

Avantio

JULY 21, 2025

The holiday-let opportunity remains strong: in 2024 , the average income for UK holiday let owners rose to £24,700, reflecting the ongoing growth and profitability of the sector. In 2024, 30% of holiday let bookings were made within four weeks of the holiday start date , marking a 3% increase from the previous year.

Property Management

Avantio

JULY 7, 2025

Tug-of-War Between State and Local Regulations In 2024, Senate Bill 280 and House Bill 1537 proposed extensive reforms: SB 280 and HB 1537 are meant to centralize vacation rental regulations through the Florida Department of Business and Professional Regulation (DBPR). Preemption Clause (F.S.

Property Management

HOA Managememt

JUNE 16, 2025

growth from 2024, highlighting how HOA-style living remains popular. Despite these hikes, many boards are aiming to preserve community services rather than cut amenities or defer maintenance. This represents a 10.8% HOA, condo, and co-op units now account for approximately 33% of all U.S.

Single-Family Home

Rentals United

JUNE 4, 2025

Founded in 2014 and headquartered in Melville, NY, StayMarquis manages approximately 6,750 properties as of 2024. StayMarquis StayMarquis is a full-service vacation rental management company specializing in luxury and premium properties, primarily in the Hamptons and surrounding areas of New York.

Rental Management

Hospitable

JULY 29, 2025

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.

Property

Property Management Inc.

JUNE 13, 2025

Images edited for consistency and showcasing unique selling points tell a story of care and maintenance. Other Resources: Top Improvements Made to Rental Property by Tenants in 2024 Landlord's Guide to Eco-Friendly Property Upgrades These touches help potential clients envision themselves in the space.

Real Estate

T&H Realty

FEBRUARY 18, 2025

Your property meets the 1% rule on paper , but rising property taxes and maintenance costs quickly erode your margins. By 2024 , the property is worth $180,000 , and rent has increased to $1,600/month all while their mortgage payment stayed the same. Why This Matters: Rents rise over time , increasing your passive income.

Real Estate

Rental Housing Journal

JUNE 23, 2025

In the 10 worst states to be a landlord, it can be tough between taxes, tenants who don’t live up to their lease agreements, maintenance woes, and the cost of maintaining a property. New York’s 2024 “Good Cause Eviction” law requires landlords to have a legally valid reason to terminate a lease.

Landlord

Lifty Life

JULY 19, 2025

Types of Properties Available Condominiums Modern condos in buildings like Oasis or Aquila offer amenities, low maintenance, and short-term rental zoning great for investors. Only 90 minutes from Vancouver A quick drive from the Lower Mainland makes it perfect for weekend getaways or a second home that feels worlds away.

Property

T&H Realty

APRIL 14, 2025

Q1 at a Glance Days on Market (DOM): 55 (Up from 41 in Q4 2024) Average Rental Rate: $1,686 (Up from $1,593 in Q4 2024) Number of Homes Rented: 353 (Slight increase from 348 in Q4 2024) Higher Rents, Longer Vacancies Historically, Q1 tends to see only slight increases in rental activity from Q4 as demand remains lower during the colder months.

Property Management

Buildium

MAY 21, 2025

A knowledgeable CPA is your best friend, but you can also stay up to date by checking out Buildiums 2024 Tax Guide for Property Managers. This includes tracking income from rent payments, managing expenses like maintenance and repairs, and preparing financial statements. Why is accurate bookkeeping important for property managers?

Property Management

MRI Software

MAY 27, 2025

Leasing chatbots, predictive AI lead scoring, preventative maintenance, document extractionthese solutions make us more productive, improve customer experiences, and drive down expenses. According to the IDScan.net 2024 Annual Fake ID Report , New York, Texas, and Arizona are common targets due to simpler security features.

Property

Hospitable

JUNE 17, 2025

As of June 30, 2024, Airbnb boasts 8+ million active listings. In 2024, the typical US host earned $15,000 over the year. According to KeyData, the annual adjusted paid occupancy rate in the US for 2024 was 45%, with an average daily rate (ADR) of $309 and RevPAR (revenue per available room) of $139.

Airbnb

Esquire Property Management Group

FEBRUARY 10, 2025

The Sublease Market 2025 is shaping the landscape, with sublease space dropping by 3% in the fourth quarter of 2024, falling below 8 million square feet for the first time since 2022. Build Strong Tenant Relationships and Retention Programs Focus on tenant satisfaction to reduce turnover and maintain occupancy.

Commercial Property

Zeevou

MAY 14, 2025

This includes both one-time setup fees and ongoing maintenance expenses. In 2024, Airbnb accounted for 46% of bookings, while direct booking sites accounted for nearly 34%. This often includes the initial setup cost of your website and ongoing maintenance costs.

Property

Condo Control

MAY 28, 2025

compared to 4,843 sales in Q1 of 2024, reports TREBB. Keep in mind that older buildings will generally require more maintenance work than new builds. Unsurprisingly, the trend reversed in the middle of 2024. Plus, increased choice provides buyers with more negotiating power on price. year-over-year from 11,614.

Condominium

Authority Property Management

FEBRUARY 18, 2025

decrease from January 2024. Weather Watch: Heavy Rainfall & Property Maintenance Redding has experienced above-average rainfall this season, which is beneficial for the environment but can present maintenance challenges. Schedule routine maintenance to avoid costly water-related damage.

Real Estate

Thanks For Visiting

JANUARY 28, 2025

This guide explores seven top Airbnb automation apps for 2024 to improve short-term rental management. The Essential Airbnb Automation Apps for 2024 The Essential Airbnb Automation Apps for 2024 1. The Essential Airbnb Automation Apps for 2024 The Essential Airbnb Automation Apps for 2024 1.

Rental Income

Hospitable

JUNE 11, 2025

Operational efficiency: the more efficiently you work, the less time you spend on routine tasks like managing turnover cleanings , maintenance, and guest communication. Since May 2024, Airbnb has also launched a new highlight to help top listings stand out. You don’t have to do the extra work yourself. They’re unavoidable.

Airbnb

ADDA

FEBRUARY 1, 2025

Click here to know more The Community Super Heroes – Estate Managers In our residential communities, the Estate managers are nothing short of super heroes – managing everything from resident complaints, maintenance of infrastructure like Lifts, Gym, STP, Generators, to Compliances and Financials as well.

Apartment

Rentals United

JULY 15, 2025

A 2024 found that while the 18-32 years age group dominates the glamping market, older audiences are growing. The latest North American camping report, published in 2022, shows that the outdoor hospitality sector has grown significantly, with around 11 million more households participating in camping activities in 2024 compared with 2019.

Consulting

HOA Managememt

SEPTEMBER 12, 2024

Homeowners associations should keep up with the changes in Florida HOA laws 2024. What are the New Florida HOA Laws 2024? HB 1203 For Homeowners Associations House Bill 1203 , passed on May 31, 2024, introduces new rules for HOAs in Florida and will be effective from July 1, 2024. Participation requires board approval.

Condominium

Buildium

NOVEMBER 5, 2024

For 2024, the form looks like this: What Is a 1099-NEC form? To give you an idea of what to expect, the form for 2024 looks like this: 1099 Exemptions for Property Managers There are a few scenarios in which property managers are exempt from filing a 1099. The IRS makes (typically small) adjustments to the 1099-MISC form each year.

Property Management