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How to find the best rental property accounting software for landlords

Buildium

Managing rental properties involves more than just collecting rent and maintaining the property. One of the most important aspects of property management is keeping track of financial transactions, monitoring expenses, and ensuring taxes are filed correctly.

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Capital Gains on Rental Property & How to Calculate Them

Bay Property Management Group

Capital gains on rental property can feel like one of those things no one tells you aboutuntil its time to sell. Main Takeaways Capital gains tax on rental properties depends on how long you’ve owned the propertyshort-term gains are taxed like regular income, while long-term gains have lower rates (0%, 15%, or 20%).

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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. Additional protections can safeguard you against specific risks , such as flood insurance for properties in flood-prone areas, vandalism coverage, and tenant discrimination protection. youre thinking like a true business professional.

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How to Minimize Vacancy Rates in Your Rental Properties

Young Management

Vacancy rates are one of the most significant concerns for property owners and landlords. A vacant rental unit not only generates no income but also adds to ongoing costs like maintenance, utilities, and advertising. Contact Young Management today to discuss how we can help streamline your rental business and minimize vacancies.

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How to Become a Tiny House Landlord

American Apartment Owners Association

Preparing your tiny home for tenants The aesthetics and style you choose for your tiny house rental property can have an impact on the type of renters you attract. How to start a tiny home rental business Many rental property owners choose to create an LLC for its tax advantages and protection from personal liability.

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Eliminating Pet Odors: A Guide for Rental Property Owners

Real Property Management Chicago

It can be difficult to deal with a smelly rental property, particularly if your new tenants don’t own pets or are extremely sensitive to pet odors. Pet odors can be difficult to eliminate from a rental property, especially if the tenant has occupied it for an extended period of time or if the pets have caused significant damage.

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How To Calculate A Vacancy Rate? A Guide for Landlords

Bay Property Management Group

Why Vacancy Rate Matters for Landlords Before diving into the details, lets define vacancy ratesimply put, its the percentage of vacant units compared to your total rental units. Honestly, you dont need to be a financial expert to understand that empty rental units are directly affecting your ROI.

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