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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

Deduct Allowable Expenses Now that you’ve found your total gross income, subtract it by any allowable expenses related to maintaining and running your rental property. For instance, consider factors like repair costs, mortgage interest, property taxes, insurance premiums, and utilities. years for residential properties.

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The Ultimate Guide to Sustainable Property Management

Beach Front Property Management

In todays environmentally conscious world, sustainable property management is more than just a trend; it is a responsibility. From residential properties to commercial real estate, the growing emphasis on sustainability is reshaping how property managers operate, invest, and plan for the future.

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How to submeter in a multifamily property

MRI Software

Utility costs in multifamily properties continue to rise, making it increasingly important for property owners to find ways to manage expenses effectively. At the same time, tenants want a fair billing system where they only pay for the utilities they actually use. What is submetering and how does it work?

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Unoccupied residential property insurance: Essential factors landlords should consider

MRI Software

Thats where unoccupied residential property insurance comes inits designed to protect your investment when your property isnt actively in use. This guide breaks down everything you need to know about unoccupied residential property insurance and how to choose the right policy. What is unoccupied property insurance?

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What is a corporate lease for residential properties? Insights for landlords and property managers

MRI Software

Corporate leases often include fully furnished units and essential amenities like utilities and internet, allowing employees to move in without hassle. In contrast, a personal lease is signed by an individual who is directly responsible for living in the property and handling rental payments.

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The 10 Features of a Great Property Management Company

Property Management Inc.

Rigorous Tenant Screening to Protect Your Property A key feature of exceptional property management services is their focus on thorough tenant screening. Reliable property managers prioritize finding high-quality tenants who respect lease agreements, pay rent on time, and care for your residential property.

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What is Driving the Growing Demand for Enhanced Electrical Capacity in Residential and Commercial Buildings?

Esquire Property Management Group

This is leading to the need for all properties to have increased electrical capacity, higher amperage, and expanded utility infrastructure. Electric Vehicles (EVs), Home Charging Stations and Increased Computing Needs The adoption of EVs is transforming energy needs for residential properties.