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Can You Deduct Your Own Labor on a Rental Property, Answered

Bay Property Management Group

After all, hiring contractors is deductible, so shouldnt your own hard work count too? However, there are other ways you can save on your rental expenses, like contractor and material costs. The IRS only allows deductions for real expenseslike paying contractors, buying materials, or hiring property managers.

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HOA maintenance schedules: How to stay organized and keep residents happy

Buildium

Boost Efficiency: Proper scheduling makes the best use of time and resources, to get tasks completed on time without overburdening staff or contractors. Utilities: Checking HVAC systems, plumbing, and electrical components. This includes assigning staff or contractors, determining budgets, and estimating how long each task will take.

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Navigating Zoning Laws: Facilitating ADU Development in Urban Areas

Beach Front Property Management

Many city websites and planning departments provide guidelines on the following: Lot size requirements Setback and height restrictions Permissible ADU types (detached, attached, conversion) Parking rules Access to utility 2. Determine Property Eligibility Each property has unique characteristics that affect ADU viability.

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Rental property maintenance software for landlords

Buildium

Accountability With maintenance software, landlords can monitor the progress of jobs, work order histories, and their overall track record with contractors. Utilize training resources provided by the software provider. Its the best way to spot problems quickly and make renters feel taken care of.

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Best practices for expanding your property management portfolio into new markets

Buildium

Building Local Partnerships Partner with local real estate agents, contractors, and real estate lawyers. Utilizing Property Management Software Comprehensive property management software lets you centralize operations across multiple markets on a single platform. Not sure where to find them?

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The Ultimate Guide To Creating A Reliable HOA Budget

HOA Managememt

Why a Strong HOA Budget Matters Your HOA budget serves as a roadmap for your communitys financial health.

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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. Forecasting Tips for On-Time, On-Budget Rental Property Maintenance Staff, Contractors, and Vendor Management for Apartment Management Efficient operations rely on a dependable team and responsive service providers.