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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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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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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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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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How Often Must Landlords Repair Damaged Window Screens?

Bay Property Management Group

So, how often must landlords repair damaged window screens? This guide will help you determine when it’s the landlord’s responsibility to fix them and when it might fall to the tenant. Main Takeaways How often must landlords repair damaged window screens? Main Takeaways How often must landlords repair damaged window screens?

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How Extensive Are Background Checks for Apartments?

Bay Property Management Group

Landlords and property managers use them to decide who gets approved, but what exactly are they looking for? In this guide, we’ll break down how apartment background checks work, why theyre important, and what landlords check before they hand over the keys. How Extensive Are Background Checks for Apartments?

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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.