Remove Contractors Remove Rental Income 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

The Impact of Inflation on Rental Property Investment Projects

Bay Property Management Group

But is inflation a threat to your rental property investment, or can it actually work in your favor? Lets explore how inflation on rental property investment can impact youand most importantly, how you can keep your investments safe and still make a profit, no matter what changes the economy goes through.

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

Professional Property Management: Why It’s Worth the Investment

Real Property Management Chicago

Assuming that you own a rental property, the likelihood is that you’ve considered hiring a property management company sometime in the past. Distinguishing when a job requires a licensed contractor is sometimes complicated to decipher. Trusted Vendors Your rental property is a valuable investment.

article thumbnail

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

Buildium

Maintaining rental properties is a delicate balance between being proactive and staying flexible and responsive in the case of emergencies. This blog post is designed to help you answer that question by clearly laying out the challenges and best practices that go into successful rental property maintenance management.

article thumbnail

Mastering Unforeseen Rental Property Expenses

Real Property Management Chicago

Imagine you find the ideal property, do the math, and expect an ongoing supply of rental income—only to find out later that there were other costs you missed. Many novice investors believe that finding tenants and securing a property is the most difficult part of the process. Don’t worry! Build a contingency fund.

article thumbnail

Boost Your Rental Property ROI with Property Management in Upper Arlington, Ohio

RL Property Management

This is where property management services in Upper Arlington can play a critical role in ensuring success for rental property owners. Whether youre new to real estate or a veteran investor, the right property management partner can make all the difference between a seamless experience and a frustrating one.