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

Bay Property Management Group

Owning a rental property often means wearing many hatslandlord, accountant, and sometimes even handyman. So, if youre taking care of repairs yourself, can you deduct the cost of your own labor on a rental property? So, normally, you can deduct labor costs when you hire someone to work on your rental property.

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The 5 best rental markets in Tennessee for investors & property managers in 2025

Buildium

Buildium’s list of up-and-coming real estate markets in 2025 ranked Johnson City in position #4 due to its strong rent growth, vacancy rates, cap rates, property price appreciation, and unemployment rates over the last two years. Asking Rent (Q3-’24): $1,094 Effective Rent (Q3-’24): $1,088 Multifamily Vacancy Rate (Q3-’24): 3.4%

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The 5 best rental markets in Florida for investors & property managers in 2025

Buildium

Tallahassee, Florida Rental Market Statistics Rental Inventory (Q2-24): 23,843 Units Added Since Q2-23: +906 Asking Rent Growth Since Q2-23: 2.8% Miami, Florida Rental Market Statistics Rental Inventory (Q2-24): 192,924 Units Added Since Q2-23: +3,055 Asking Rent Growth Since Q2-23: 2.4% Multifamily Cap Rate (Q2-24): 6.7%

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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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The 5 best rental markets in North Carolina for investors & property managers in 2025

Buildium

Greensboro, NC Rental Market Statistics Rental Inventory (Q3-’24): 50,563 Units Added Since Q3-’23: +588 Asking Rent Growth Since Q3-’23: 1.8% Charlotte, NC Rental Market Statistics Rental Inventory (Q3-’24): 228,025 Units Added Since Q3-’23: +4,009 Asking Rent Growth Since Q3-’23: -0.9% Multifamily Cap Rate (Q3-’24): 6.2%

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The 5 best rental markets in Illinois for investors & property managers in 2025

Buildium

Bloomington ranked in position #18 on Buildium’s list of up-and-coming real estate markets in 2025 due to its strong rent growth, vacancy rate, cap rate, and property price appreciation throughout 2023 and 2024. We use the following sources to help us ascertain the best rental markets in the U.S. GDP Growth (2022): 4.4%

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Watch AAOA’s Top 5 Webinars of 2024

American Apartment Owners Association

Don’t miss our most popular webinars of 2024, now available on-demand! Learn from the experts on critical topics that every rental property owner and manager should know: #1. Such entities provide benefits relating to estate planning, limiting liabilities, and providing a structure for multiple partners.

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