Remove Contractors Remove Engineering Remove Regulation
article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

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. When you hire an independent contractor, that cost is deductible, too. Advertising to influence government legislation, however, is never deductible.

article thumbnail

How SB-721 is Shaping the Future of Property Management in California: A Comprehensive Analysis

Authority Property Management

Qualified professionals must conduct these inspections, including licensed architects, civil or structural engineers, or experienced contractors. Civil or Structural Engineers licensed in California. Licensed Contractors experienced in balcony and deck inspections. Who is Qualified to Conduct Inspections?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Can You Remodel a Condo in Philadelphia?

Bay Property Management Group

Historic Buildings Have Extra Regulations If your condo is in a designated historic area, exterior modifications and some interior updates may need special approval to preserve architectural integrity. Your licensed general contractor will handle filings, so submitting paperwork early can prevent project delays. What About City Rules?

article thumbnail

Bill 30 could make condo living easier in Alberta

Condo Control

Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act. 2) The Tribunal is not bound by the rules of evidence applicable in judicial proceedings.

article thumbnail

Property Management Outsourcing Services: Benefits and Cost

Second Nature

One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. Today we’re going to talk about this option in more detail. Maintenance and repair.

article thumbnail

Cost Segregation Study: How to Take Accelerated Depreciation on Rental Properties

SparkRental

Thankfully, you don’t have to do a cost segregation study for those of us who are neither contractors nor tax lawyers. They’ll even examine architectural plans, engineering specifications, and construction records, looking for opportunities for accelerated property depreciation.

article thumbnail

HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor. High-rises, in particular, encounter engineering troubles because their infrastructure may not be strong enough. After you have reviewed their application, the installation process may begin.