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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. Here are a few examples of tax credits you may be eligible to receive as a property manager or a business owner: Investment Credit: Businesses can deduct a certain percentage of investment costs from their taxable income.

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. Leverage AI-powered solutions to provide instant, round-the-clock communication.

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Property Management Software: Managing Vacation Rentals

Avantio

Is investing in property management software the key to success in a competitive industry? This question resonates with property managers worldwide looking for efficient ways to streamline operations, maximize revenue, and enhance guest satisfaction. What Is Property Management Software?

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Managing expense growth: The major costs facing multifamily property owners

MRI Software

Typical operating expenses for multifamily expenses fall into predictable categories like maintenance, utilities, and property management fees. Fixed and variable multifamily expenses Fixed multifamily expenses, like property taxes and insurance premiums, stay relatively stable year-round.

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Cybersecurity Challenges for Short-Term & Vacation Rentals

Avantio

billion in 2023. Property managers navigate an increasingly digital world, handling sensitive guest data (like names, addresses, and credit card information) and financial transactions. billion in 2023. According to the IBM Cost of a Data Breach Report 2023 , the global average total cost of a data breach is USD 4.35