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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. Today we’re going to talk about this option in more detail. Maintenance and repair.