Remove 2024 Remove Maintenance Remove Rental Income
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Boost Your Rental Income These Apps

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Skyrocket Your Rental Income With Our Favorite Airbnb Automation Apps As an Airbnb host, you know time is precious. This frees you to concentrate on what matters: growing your rental business. This guide explores seven top Airbnb automation apps for 2024 to improve short-term rental management.

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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 Rental Property Maintenance Important? Property maintenance for rentals is crucial for several reasons. Let’s find out.

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6 Benefits of Owning A Home in Philadelphia

Bay Property Management Group

Rental Income Potential in Philadelphia If you’re an investor, Philadelphia’s rental market has promising opportunities to generate rental income. As of 2024, the average monthly rent in Philadelphia is approximately $1,625.

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

Bay Property Management Group

Repairs and Maintenance Costs While you cannot deduct your own labor, as we covered, you can deduct the cost of materials and any hired labor for property repairs, painting, plumbing fixes, and more. And heres a bonus the IRS mileage rate for business use was 67 cents per mile in 2024 and went up to 70 cents per mile in 2025.

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HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

.” 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.

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Rental Yield: What It Is and How It’s Calculated

Bay Property Management Group

Formula: (Annual Rent Property Price) 100 Calculation: ($2,500 12) $500,000 100 $30,000 $500,000 100 = 6% So, the gross rental yield is 6%. Net Rental Yield On the other hand, the net rental yield gives a more realistic picture. It factors in expenses like property taxes, maintenance, insurance, and management fees.

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6 must-know trends for efficiency-minded property managers with large portfolios

Buildium

In fact, as of 2024, 24% of property management companies are using virtual assistants. One area that lends itself well to outsourcing is coordinating repairs and maintenance work. Yet, 79% of landlords also own their property primarily for the rental income it provides. That’s where Buildium comes in.