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

Buildium

You already know how valuable it is to have reliable vendors; youll also want to add on advisors such as: A real estate-savvy CPA An experienced mortgage broker A skilled real estate attorney A trustworthy network of experts centered on these roles will protect your reputation and every investment you make.

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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. Luckily, you’ve got the knowledge and tools to make filing 1099 forms for property management a breeze.

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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. Having property management software with accounting features can help you do that.

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Understanding HOA finances: A practical guide for association managers

Buildium

From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year. You’ll also need to budget for attorney fees. Managing Unexpected Expenses Unexpected expenses will pop up during your time with the association.

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Navigating the Landscape: Discover Multifamily Property for Sale with Expert Insights

American Apartment Owners Association

Engage with a reputable real estate attorney to ensure all legalities are in order and that the transaction progresses without a hitch. Property Management Software Once you’ve secured a multifamily property, efficient management ensures sustained profitability.

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Making Money in Multifamily: Tips and Tricks for Smart Investors

American Apartment Owners Association

LEARN MORE Leveraging Technology In today’s digital age, technology can streamline property management make sure to hire a PM that uses Tech to your advantage: Property Management Software: Use software to keep track of finances, lease agreements, and maintenance requests efficiently.

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

Buildium

You already know how valuable it is to have reliable vendors; youll also want to add on advisors such as: A real estate-savvy CPA An experienced mortgage broker A skilled real estate attorney A trustworthy network of experts centered on these roles will protect your reputation and every investment you make.