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.

Property Management 246

Property Management Property Manager Management Property 246

Condo Control

NOVEMBER 21, 2024

Owners can add an ADU and sell it as a second living space An HOA owner may add an Accessory Dwelling Unit to their property, and may be able to sell it to someone else if certain requirements are met. of the Illinois Condominium Property Act (unit resales) from 30 to 10 business days. The HOA must keep records of its correspondence.

Electronics 246

Electronics Condominium Government Litigation 246

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 own residential property, you are aware that there are a number of unavoidable costs and expenses that go along with the territory.

Rental Property 98

Rental Property Property Transportation Professional Property Management 98

Property Management Inc.

NOVEMBER 26, 2024

The property owner thinks you made a mistake and wants an explanation you don’t have. According to a July 2018 survey by Apartment List, 6.4 Whether you’re managing properties for yourself or as a professional property manager, taking precautions to avoid being scammed is worth your while. million U.S.

Property Management 98

Property Management Property Manager Management Property 98

Condo Control

NOVEMBER 11, 2024

The association must compute the estimated replacement reserves by a formula that is based on the estimated life and the estimated capital expenditure or major maintenance required for each part of the property. Updated reserve studies are to be completed at least every five years thereafter.

Condominium 130

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. ” The survey revealed a lot of data. So, be sure to vet your vendors carefully.

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Contractors Engineering Maintenance Condominium 52