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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Before doing anything tax- or accounting-related, consult a certified accountant. And, of course, consult a CPA to determine which deductions your business is eligible for. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business.

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Top 10 property management tax deductions for 2025

Buildium

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. When you hire an independent contractor to perform services for your business, the cost is deductible, as well.

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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. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.

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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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Successful rental property maintenance management: Best practices, challenges, and solutions

Buildium

Coordinating with Contractors and Vendors: Finding reliable contractors, negotiating fair prices, and completing work on time requires diligent management. Vendor and Contractor Management Establish long-term relationships with reliable contractors, negotiate favorable contracts, and complete repairs promptly.

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Contractor Hiring 101: Tips, Tricks, and Red Flags to Avoid

Real Property Management California Coast

Hiring competent, trustworthy contractors to handle your property improvements and repairs can be one of the most difficult aspects of investing in Torrance single-family rental homes. Few investors have the time or resources to hire a contractor who consistently delivers subpar results.

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A Host’s Guide to Adding Solar Panels to Your Rental Property

Host Tools

Step 1: Choose a reliable installer Seek recommendations or use accredited platforms to connect with experienced solar system contractors. Your contractor will typically handle this, but its important to consult with local authorities about compliance. Start your free trial today! How does a solar panel system work? Start small.