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Tax accounting for rental property management: What landlords should know

Buildium

Note: This guide is intended to provide general information on rental property tax accounting. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. Heres a quick breakdown of those definitions. What Counts as Rental Income?

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How to Become a Tiny House Landlord

American Apartment Owners Association

Whichever dcor you choose, tiny homes by definition are less expensive to build and decorate, making it easier to afford higher quality furnishings and hardware. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.

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10 property management bookkeeping basics

Buildium

Since one of the core responsibilities of a property manager is to manage an owner’s assets, income, and expenses, youre constantly dealing with accounting whether you like it or not. Theres a lot of liability to bad accounting, especially for a property management company, says Brandon Hall, The Real Estate CPA.

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Can You Charge A Pet Deposit or Pet Fee For Assistance Animals?

American Apartment Owners Association

This question often confronts landlords as they deal with the legal landscape concerning the rights of residents with disabilities. In the following article, we will explore whether landlords can legally impose a pet deposit for assistance animals and discuss the legal framework that safeguards these vital companions.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Property management Consider the management demands of the property and whether you have the time and energy to deal with them yourself.

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What is a Den in an Apartment, Explained by Experts

Bay Property Management Group

That’s one question countless people have asked our property management experts. As property managers in Washington, D.C. , Dens can definitely increase the rent or overall value of an apartment. Landlords and property owners often consider this selling point when they’re setting prices.

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Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business.