article thumbnail

Top 10 property management tax deductions for 2025

Buildium

Starting in 2018, Congress established a new deduction for pass-through business owners, including property managers ( IRC Section 199A). Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business.

article thumbnail

New 2025 condo and HOA laws for U.S. states

Condo Control

Communities that haven’t had a reserve study completed since October 1, 2018, must undertake one no later than October 1, 2023. The association may stop providing statements to an owner if collection activity begins by an attorney or collection agency that is not acting as the association’s managing agent.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Reserve study requirements by state

Condo Control

Maryland HB 107 requires condominiums and HOAs that have conducted a reserve study on or after October 1, 2018 to complete an updated study within five years, and continue to do so every five years thereafter. Updated reserve studies are to be completed at least every five years thereafter.

article thumbnail

Finding Deductions For Residential Rental Property And Lowering Your Tax Bill

Property Management Inc.

April 10, 2018 By Cassie James, PMI Communications Manager Tax season can be stressful for solo entrepreneurs and landlords. If you paid an attorney or title company for legal services regarding your rental property, these expenses are deductible as well.

article thumbnail

Rental Scams: What Property Managers Must Do To Prevent Listing Fraud

Property Management Inc.

According to a July 2018 survey by Apartment List, 6.4 It may be worth contacting an attorney who can help you figure out how you were scammed and what the best way to proceed is. This scenario is far from uncommon. percent of United States renters said they had lost money to rental fraud, resulting in an estimated 5.2 million U.S.

article thumbnail

Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

The FCAR Researches Aging Infrastructure Because aging infrastructure has been a problem for many HOAs, the Foundation for Community Association Research (FCAR) did some research in 2018 to find some answers that could help HOAs move forward. ” The survey revealed a lot of data.