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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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What Insurance Do I Need If I Rent Out My House?

Bay Property Management Group

Protecting whats yours is one of the most important parts of managing a rental property. Landlord insurance is essential it covers your property structure, liability risks, and potential loss of rental income if your unit becomes unlivable. youre thinking like a true business professional.

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How to Manage a Short-Term Rental Property

AirKeeper

Owning a short-term rental property can offer lucrative opportunities but comes with its own set of challenges. From attracting guests to maintaining high standards of service, effective management is crucial for success. Ensure you comply with tax obligations, such as tourism levies or income taxes related to rental income.

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Professional Property Management: Why It’s Worth the Investment

Real Property Management Chicago

Assuming that you own a rental property, the likelihood is that you’ve considered hiring a property management company sometime in the past. If you are still unsure about hiring a property management company, the following are six reasons why professional property management might be your best option.

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The Costs Of Managing An Airbnb Property

AirKeeper

Short-term rental platforms such as Airbnb have become increasingly popular among property owners aiming to boost their rental income. However, understanding the costs of managing an Airbnb property is crucial before entering this market. What Do Short-Term Rental Property Managers Charge?

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The Costs Of Managing An Airbnb Property

AirKeeper

Short-term rental platforms such as Airbnb have become increasingly popular among property owners aiming to boost their rental income. However, understanding the costs of managing an Airbnb property is crucial before entering this market. What Do Short-Term Rental Property Managers Charge?

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HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

In this article, we’ll explore the significant benefits of regular HVAC maintenance for single-family rental properties and provide a few statistics that highlight the impact. For owners of multiple single-family rental properties, these unexpected costs can add up quickly.