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Tax accounting for rental property management: What landlords should know

Buildium

Understanding Rental Income The first step in getting a handle on tax accounting for rental property is understanding exactly what counts as rental income and expenses. What Counts as Rental Income? Rental income includes all the payments you receive from tenants.

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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Vacancies don’t affect profits: Since rental income is still coming in, a vacancy won’t affect your bottom line. Lengthy claims process: Depending on the program, it can take a long time to receive any rental income that you’re owed.

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11 benefits of automation in property management

Buildium

By making renewals easier and more transparent, automation lowers vacancy rates and stabilizes rental income. Trying out Buildium for yourself is simple: you can sign up for a guided demo or test out the platform with a 14-day free trial.

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How to find the best rental property accounting software for landlords

Buildium

Tax Features: Tax-related features, such as the ability to track property depreciation, rental income, and tax deductions, can simplify tax season. With the right software in place, managing your rental properties becomes a more efficient and less stressful experience.

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Debt Service Coverage Ratio (DSCR) loans focus on the rental income potential, not your personal income. Buildiums 14-day free trial and guided demo are great ways to see which tools match your style and portfolio size. Explore different options based on your situation: Traditional mortgages work well for first purchases.

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A comprehensive guide to property management leasing software

Buildium

Whether its tracking rental income or reviewing maintenance trends, data analysis gives you the power to make informed, strategic decisions. Be sure to take advantage of opportunities to test out the software youre considering, such as Buildiums free trial or guided demo , to find the platform that best fits your business.

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

Checking for additional coverage options Basic liability insurance may not cover all potential risks associated with rental properties. Consider additional coverages such as loss of rental income, sewer backup protection, and vandalism protection. Loss of rental income: Provides coverage if your property becomes uninhabitable.