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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

Many landlords ask, ‘is rental income taxable?’ In this article, we’ll cover the core tax tips every landlord should knowfrom what counts as rental income to how to track your expenses and deductions. Is Rental Income Taxable? What is Considered Rental Income?

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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. As a result, it’s crucial to understand how to handle lease renewals and rent adjustments reasonably to make long-term profitability. What’s the Best Way to Handle Lease Renewals?

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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Collecting a traditional security deposit has always just been a part of the leasing process. Security deposit alternatives are financial programs that replace the traditional lump-sum deposit with a more flexible option—usually smaller monthly payments spread out over the lease term. What Are Security Deposit Alternatives?

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Rental income potential Purchasing a multifamily property often leads to a far better return onreal estate investment (ROI)than other passive forms of investing. Your rental income, operating costs and the amount of your mortgage loan are factors that influence your ROI.

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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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11 benefits of automation in property management

Buildium

Leases, renewals, maintenance records, inspection reports, and regulatory forms pile up quickly. Files are tagged and organized automatically by lease term, resident name, or property address. One major benefit is automating lease signing and renewals. Residents enjoy easy access to their lease and payment history.

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What are Rental Appraisals: A Must-Know for Real Estate Investors

Bay Property Management Group

While a standard property appraisal assesses a home’s market value for sale or refinancing, rental ones dig deeper. They’re designed to deduce a property’s potential to generate income. This way, you can get a snapshot of what you can realistically expect in terms of rental income.