Buildium

DECEMBER 17, 2024

Property managers are engaged in a service business, which means theyre entitled to the full array of business-related tax deductions. Property management tax deductions can really add up. So what else can property managers deduct from their taxes? Weve rounded up ten of the most common property management tax deductions: 1.

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Property Management Property Manager Management Property 246

Condo Control

NOVEMBER 21, 2024

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.

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Electronics Condominium Government Litigation 246

Property Management Inc.

NOVEMBER 26, 2024

According to a July 2018 survey by Apartment List, 6.4 For a property manager, fraud not only costs you time and money, it also damages your reputation, which can result in poor word of mouth that takes a bite out of your revenue later on, even years down the line. million U.S. rental fraud victims per year. Furthermore, 43.1

Property Management 98

Property Management Property Manager Management Property 98

Property Management Inc.

NOVEMBER 26, 2024

April 10, 2018 By Cassie James, PMI Communications Manager Tax season can be stressful for solo entrepreneurs and landlords. If you pay for professional property management services for your property, these fees are deductible expenses. Here are some common examples of these types of expenses.

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Rental Property Property Transportation Professional Property Management 98

Condo Control

NOVEMBER 11, 2024

What if we need help with reserve management? 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. Are reserve studies important?

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Condominium Maintenance Government Management 130

Property Management Inc.

NOVEMBER 26, 2024

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. … Take the time to identify a qualified engineer and project manager.”

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Contractors Engineering Maintenance Condominium 52