Remove Contractors Remove Insurance Remove Rental Property
article thumbnail

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?

article thumbnail

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

Buildium

Your approach can significantly impact the profitability of each property in your portfolio, tenant satisfaction, relationships with your clients, and compliance with legal obligations. Vendor and Contractor Coordination Establish a network of reliable vendors and contractors. Prioritize tenant safety.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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?

article thumbnail

Everything you need to know about apartment management in 2025

Buildium

Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Further Reading Comprehensive Property Management Reporting: Types of Reports and Why You Need Them Property Management Chart of Accounts: What Is It and Why Is It Essential?

article thumbnail

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.

article thumbnail

What Is a Fourplex? A Practical Guide for Property Investors

Bay Property Management Group

Lower Vacancy Risk A fourplex being what it is, it has a lower overall vacancy risk compared to a single-unit rental property. After all, if one tenant decides to move out, you don’t necessarily have to say goodbye to all your rental income. So, you can have lower bills to deal with and build equity at the same time.

article thumbnail

Would Your Portfolio Benefit From A Property Manager?

Rental Housing Journal

Like any other investment you make, properties need to be carefully managed and looked after so would your portfolio benefit from a property manager? By Johana Williams Utopia Management If you own property for rent, then you will already be aware of the challenges involved. After all, time is money.