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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. What Counts as Rental Income? Heres a quick breakdown of those definitions.

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How to find the best rental property accounting software for landlords

Buildium

One of the most important aspects of property management is keeping track of financial transactions, monitoring expenses, and ensuring taxes are filed correctly. This can become overwhelming, especially for landlords who own multiple properties or those without a background in accounting.

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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Decreased vacancies for landlords: Offering flexible options can open the door to more qualified applicants, especially those who might be held back by a large upfront deposit. Risk assessment for landlords: There is still some inherent risk with these programs.

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Tenant Turnover Tips for Landlords and Property Managers – Video

Rentec Direct

During tenant turnover you need find a new tenant, complete any repairs and necessary maintenance for your next renter and schedule a move-in date so you can maximize your rental income.

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How to stand out to property owners with better financial reporting and benchmarking services

Buildium

What Financial Reporting Services Look Like in Action Property management software such as Buildium has data and analytics features to track metrics across revenue, expenses, and more. You can then compare these metrics against past performance or similar “peer group” properties nearby. The same goes for rental income.

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The 10 Worst States To Be A Landlord

Rental Housing Journal

In the 10 worst states to be a landlord, it can be tough between taxes, tenants who don’t live up to their lease agreements, maintenance woes, and the cost of maintaining a property. TurboTenant , a property-management software company, compiled the 10 worst states in which to be a landlord based on those factors and more.

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Multifamily property lease audits: Best practices for landlords

MRI Software

Lease audits play a crucial role in ensuring accuracy and efficiency in multifamily property management. They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. What is the purpose of lease audits?