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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Disclaimer: This blog post is not meant to take the place of the guidance of an accountant or tax professional. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. To learn more, check out our blog post on 1031 exchanges.

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How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

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Problems with Self-Managing Investment Properties

Florida Property Management

In this blog, we'll explore some of the common pitfalls associated with self-managing investment properties and provide insights on how to navigate them successfully. It's also advisable to consult with an attorney or a property management professional who can provide guidance and ensure compliance with relevant laws.

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Buying Land for Airbnb

Thanks For Visiting

We held detailed discussions, sometimes with our attorney present, to hash out potential scenarios. We just covered our favorite financial partner, Relay, in a blog post and YouTube video. While many advise against mixing business with friends and family, I’ve found it can be incredibly rewarding. The key is clear communication.

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Condo Frozen Pipes: Who Should Take Care Of It?

Mem Property Management

When crafting your amendments, make sure to consult your associations attorney to help with the wording. If thats the case, call 911 right away, as this is more efficient than contacting an association contractor. Some state laws require cooperation from homeowners to make any changes, and homeownerscan even reverse rulesin others.

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Why Rental Owners Should Work With Real Property Management Choice

Real Property Management Choice

We have excellent relationships in place with vendors and contractors, insurance agents, brokers, and attorneys. However, as we said at the beginning of this blog, we believe in relationships. Anyone you need to improve your investment experience is only an introduction away.

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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

Always check with an attorney for your state’s specific laws when implementing Rules. You’ll be selecting contractors, and sometimes they will do a poor job. For instance, if the Declaration says rentals are allowed, the board cannot pass a Rule saying no rentals are allowed.