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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental ownership. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. These are exactly the areas where new investors struggleand where you can excel immediately.

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Top 10 property management tax deductions for 2025

Buildium

Under IRS regulations, any personal property you buy for your business that costs less than $200 is deductible as materials and supplies. Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible.

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How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

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What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

Make Use of Reliable Vendors: Engage in business with contractors who are dependable and economical. When it comes to property rules and regulations, navigating the complicated environment can be a hard endeavor. Is observance of all lawful and regulatory requirements an important tenant of your property management service?

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Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

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Top 5 Mistakes New Landlords Make and How to Avoid Them

Real Property Management Evertrust

Pro Tip: Build a relationship with reliable contractors early on, so you’re not scrambling to find someone when repairs are needed. – Security deposit regulations: Know how much you can charge and the timeline for its return. Consult a real estate attorney if you’re unsure of the legal requirements in your area.

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