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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. If youre a landlord, understanding tax accounting for rental property is a surefire way to get save bookkeeping time while getting most return for your investment. What Counts as Rental Income?

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Fire insurance 101: What landlords & property managers need to know

Buildium

But are landlord and renters insurance the only options out there? What happens if your owner needs coverage for their rental units, but not for the possessions inside? Or what if they want a little extra coverage outside of typical landlord policies? Thats where dwelling fire insurance for rental properties may be able to help.In

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How to Maximize Rental Income Without Raising Rent

Bay Property Management Group

As a landlord, finding ways to boost rental revenue is always a top priority. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply raising rent. Create a Sense of Community : Everyone is looking for a sense of belonging and home.

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6 Benefits of Owning A Home in Philadelphia

Bay Property Management Group

Rental Income Potential in Philadelphia If you’re an investor, Philadelphia’s rental market has promising opportunities to generate rental income. Furthermore, Philadelphia boasts an average rental yield of 7.89% , making it an attractive option for investors seeking steady returns.

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

MRI Software

Renting out property can be a great way to generate income, but it also comes with potential financial risks. Landlords may face various liability risks, from tenant injuries to property damage claims. Without the right protection, landlords could encounter costly lawsuits and unexpected expenses that threaten their investment.

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Building Long-Term Relationships with Tenants: Tips for Redondo Beach Landlords

Real Property Management Choice

Theres a myth that landlord/tenant relationships are adversarial and fraught with conflict. Wed like to flip that narrative around and say that most landlords and tenants want to work together in a way thats collaborative and productive. This creates a more pleasant rental experience for everyone involved.

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Loss of rental income insurance: Essential coverage for every landlord

MRI Software

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. So, what happens when an unexpected event, like a fire or storm, leaves your property temporarily uninhabitable and your rental income at risk?