2024 Contractors Maintenance 
Authority Property Management
FEBRUARY 1, 2025
Signed into law in September 2024, California Assembly Bill 2622 (AB 2622) introduces updates to the Contractors State License Law that directly benefit property owners and renters. AB 2622 raises the dollar threshold for contracting work that does not require a licensed contractor.
Buildium
NOVEMBER 5, 2024
Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. For 2024, the form looks like this: What Is a 1099-NEC form? The IRS makes (typically small) adjustments to the 1099-MISC form each year.
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Bay Property Management Group
FEBRUARY 26, 2025
After all, hiring contractors is deductible, so shouldnt your own hard work count too? However, there are other ways you can save on your rental expenses, like contractor and material costs. The IRS only allows deductions for real expenseslike paying contractors, buying materials, or hiring property managers.
Buildium
OCTOBER 28, 2024
In 2024, tenant quality emerged as the #1 concern for property management companies. Fact #5: Maintenance Costs Are Rising Property management companies see work order management software as the main opportunity for improving property maintenance, a top concern among rental owners and tenants. This comes as U.S.
Lula
SEPTEMBER 12, 2024
.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.
Rental Choice
MARCH 5, 2024
The 2024 America’s Rental Housing Report has several notable trends and key takeaways. Yes, many new apartments may become available according to the 2024 rental market predictions. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. This is unhelpful to cost-burdened renters.
T&H Realty
FEBRUARY 10, 2025
The average rent for a single family home in Indianapolis was $1,593 as of Q4 of 2024. Maintenance & Repairs: The price of labor and materials has surged, with some construction materials seeing a 10-20% increase. Operating Expenses: The Profitability Squeeze While home prices have soared, rent growth has barely kept up.
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