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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

Instead, it leverages bank-issued lines of credit for each renter and then initiates a draw against the line of credit in the event of damages or unpaid rent. An ACH transfer is sent to the property manager to cover the damages and the tenant’s payment method on file is charged to settle the costs of the draw.

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6 top property management growth strategies for 2025 and beyond

Buildium

You can identify these potential clients through local networking events, online landlord forums, or by analyzing rental listings to find self-managed properties. Once you make contact, highlight how your services can reduce their workload, improve tenant retention, or increase their rental income.

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11 benefits of automation in property management

Buildium

Messages trigger automatically based on key events or dates, such as rent due reminders, maintenance appointment confirmations, package arrival alerts, or lease renewal notices. Managers can offer incentives to long-term residents or reach out to non-responders proactively.

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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?

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How multifamily disaster recovery services minimize damage and accelerate recovery

MRI Software

The impact of disasters on multifamily properties Disasters cause widespread damage, disrupt tenant lives, and create costly repairs. Whether from natural causes like storms or structural failures such as fires and leaks, these events can severely impact a property’s safety and profitability.

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Hosting 301: Airbnb as a Business

MaidThis

Why Turn Your STR Property into a Business There are several reasons to turn your Airbnb into a full-time gig. First, its a great way to increase your rental income. Depending on your budget, one option is to hire a property manager or use property management software.

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