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

Bay Property Management Group

Travel and Mileage Deductions If you drive to your rental property for inspections, repairs, or meetings, you can deduct mileage, gas, and other travel-related expenses from your tax load. 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.

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6 Benefits of Owning A Home in Philadelphia

Bay Property Management Group

Rental Income Potential in Philadelphia If you’re an investor, Philadelphia’s rental market has promising opportunities to generate rental income. As of 2024, the average monthly rent in Philadelphia is approximately $1,625.

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Boost Your Rental Income These Apps

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Skyrocket Your Rental Income With Our Favorite Airbnb Automation Apps As an Airbnb host, you know time is precious. This frees you to concentrate on what matters: growing your rental business. This guide explores seven top Airbnb automation apps for 2024 to improve short-term rental management. Check it out now!

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6 top property management growth strategies for 2025 and beyond

Buildium

You can identify these potential clients through local networking events, online landlord forums, or by analyzing rental listings to find self-managed properties. Once you make contact, highlight how your services can reduce their workload, improve tenant retention, or increase their rental income. Not sure where to start?

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Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Tailoring management strategies to the property type can boost rental income and property value. Other Resources: Why Homeowners or Condo Insurance Is Necessary and the Difference Between the Two Top Improvements Made to Rental Property by Tenants in 2024

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Rental Yield: What It Is and How It’s Calculated

Bay Property Management Group

Formula: (Annual Rent Annual Expenses) Property Price) 100 Calculation: ($30,000 $5,000) $500,000) 100 $25,000 $500,000 100 = 5% So, after expenses, your net rental yield is 5%. rental yields vary based on location, property type, and market conditions. On average, gross rental yields sit around 6.1% as of 2024.

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Top 50 vacation rental management companies in 2025 (worldwide)

Rentals United

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. Founded in 2014 and headquartered in Melville, NY, StayMarquis manages approximately 6,750 properties as of 2024. Renters.PL