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Can You Deduct Your Own Labor on a Rental Property, Answered

Bay Property Management Group

Owning a rental property often means wearing many hatslandlord, accountant, and sometimes even handyman. So, if youre taking care of repairs yourself, can you deduct the cost of your own labor on a rental property? So, normally, you can deduct labor costs when you hire someone to work on your rental property.

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Rental Property Maintenance Guide For Landlords

Rental Choice

Landlords have numerous responsibilities when it comes to running a rental property. One of the most important is rental property maintenance. Why is it essential, and how can landlords deal with it? Why Is Rental Property Maintenance Important? Let’s find out.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

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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Watch AAOA’s Top 5 Webinars of 2024

American Apartment Owners Association

Don’t miss our most popular webinars of 2024, now available on-demand! Learn from the experts on critical topics that every rental property owner and manager should know: #1. Such entities provide benefits relating to estate planning, limiting liabilities, and providing a structure for multiple partners.

Insurance 147
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Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

The AAOA Rental Housing Conference is just days away on October 16 , offering a powerhouse lineup of expert speakers ready to share vital knowledge for property owners and managers. will provide an in-depth overview of the eviction process and reveal common pitfalls that can cost landlords significant time and money.

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The 5 best rental markets in New York State for investors & property managers in 2025

Buildium

Alongside the many positive factors that may pique real estate investors interest, there are three considerations that you may want to keep in mind when considering investing in New York State: Regulatory environment: Passed in 2019, the states Housing Stability and Tenant Protection Act dictates how landlords can operate rent-regulated units.

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Watch AAOA’s Top 5 Webinars of 2024

American Apartment Owners Association

Don’t miss our most popular webinars of 2024, now available on-demand! Learn from the experts on critical topics that every rental property owner and manager should know: #1. Such entities provide benefits relating to estate planning, limiting liabilities, and providing a structure for multiple partners.

Insurance 130