article thumbnail

Tax accounting for rental property management: What landlords should know

Buildium

Knowing what constitutes rental income is the first step in effective tax accounting for your rental property. Reporting Rental Income Report your rental income on your tax return for the year you actually receive it. Not Keeping Up with Tax Law Changes Tax laws change frequently, and staying updated is important.

article thumbnail

Best Property Management Software for 2025

American Apartment Owners Association

Below, we’ll examine why you need property management software , why Innago is the ideal solution, and how it will change and transform the way you manage your rental properties. With innovations in technology and cloud software, property management software is now the most productive and efficient solution.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Resident-Centric Policies Will Dominate 2025

Beach Front Property Management

The future of property management has arrived, and it is more resident-focused, tech-powered, and compliance-ready than before. In 2025, several new rental laws and evolving resident expectations will modify how property owners and managers run their operations. Your Partner for Profitable Rentals | BFPM Inc.

article thumbnail

What does OTA growth mean for short-term rental property managers (2025)

Rentals United

STR managers who internalize these strategies, and align their operations accordingly will be best positioned to capitalize on sustained travel demand. In Q42024, the platform removed over 400,000 substandard listings and promoted highperforming properties via its Guest Favorites badge. So what are the key takeaways?

article thumbnail

What is an Owner Statement? Everything You Need to Know

Osprey Property Management

Whether you own a single rental property or a vast real estate portfolio in Hampton, VA, understanding your owner statement is essential. These financial reports, issued by rental property management companies , provide critical insights into your investment's performance.

article thumbnail

How to Handle Lease Renewals and Rent Increases Fairly and Profitably

Real Property Management Chicago

Lease renewals and rent adjustments are one of the most challenging aspects of property management. Numerous factors could lead to complications, rendering them difficult for both property owners and renters. Lease renewals are a typical part of rental property management.

Lease 130
article thumbnail

The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Evertrust

The property management industry is evolving, mostly propelled by technological advancement. Indeed, AI-based technology is transforming every facet of rental property management. Continue reading to uncover the key technologies revolutionizing rental property management and defining the industry’s future.