article thumbnail

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.

article thumbnail

Best Property Management Software for 2025

American Apartment Owners Association

In today’s fast-paced rental market, being efficient and organized is the key to running a successful rental operation. Property management software (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances.

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 to Handle Lease Renewals and Rent Increases Fairly and Profitably

Real Property Management Chicago

Although property owners and managers ought to maintain rental income in line with local rates and inflation, they need to balance this need with transparency and common sense or risk driving good tenants away. Lease renewals are a typical part of rental property management.

Lease 130
article thumbnail

How Resident-Centric Policies Will Dominate 2025

Beach Front Property Management

In 2025, several new rental laws and evolving resident expectations will modify how property owners and managers run their operations. Whether you are managing a portfolio of units or a single building, staying ahead means adapting to these shifts in the rental property management landscape.

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.

article thumbnail

Termites in Your Apartment Building: A Landlord’s Guide

Bay Property Management Group

Landlords are generally responsible for pest control , ensuring rentals are termite-free before move-in and covering extermination costs during tenancy unless tenants contribute to the infestation. Over time, you may find your property’s walls sagging, the ceilings cracking, or even both of those collapsing altogether.

Apartment 130
article thumbnail

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

Bay Property Management Group

Additional protections can safeguard you against specific risks , such as flood insurance for properties in flood-prone areas, vandalism coverage, and tenant discrimination protection. What Makes Rental Property Insurance Different from Homeowners Insurance? Homeowners insurance wont cover the lost rent.

Insurance 130