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

Buildium

As a residential property manager, you have a front-row seat to one of the best opportunities for building wealth: owning rental properties. Every day, you help property owners grow their assetsso why not start doing the same for yourself? Why Transition to Rental Property Investment?

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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? After all, hiring contractors is deductible, so shouldnt your own hard work count too? Read on to learn more.

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Understanding and managing rental property maintenance emergencies—before it’s too late

Buildium

In the property management business emergencies are inevitable. Your approach can significantly impact the profitability of each property in your portfolio, tenant satisfaction, relationships with your clients, and compliance with legal obligations. How swiftly and effectively you address these emergencies is what you can control.

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Effective asset management property maintenance: Strategies for property managers

Buildium

Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility property managers face. This blog will explore ways to make maintenance one less stress point for property managers.

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California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

AB 2622: How Californias New $1,000 Rule Benefits Landlords, Tenants, and Homeowners How AB 2622 Is Transforming Property Management in California Californias latest legislation brings flexibility and cost savings for landlords, homeowners, and tenants alike. What Is AB 2622? Benefits of AB 2622 for Landlords and Homeowners 1.

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Property maintenance management workflows 201: Shifting from reactive to proactive maintenance

Buildium

As your property management company grows, your maintenance game has to level up, too. Thats what process solutions consultant Kelli Segretto of K Segretto Consulting told us based on her 20+ years of experience within multifamily, single-family, and LIHTC property management. In-house staff are being hired to handle work orders.

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Why Property Management Maintenance Feels Expensive (and What’s Really Going On)

T&H Realty

Nick is also a highly successful real estate investor who formed Off Leash in response to what he saw as a lack of quality General Contractors in Central Indiana. As someone who has owned nearly 200 rental properties, I’ve seen (and paid for) just about everything that can break, leak, or fall off (or onto) a building. Expect 1.5–2×