Remove Attorney Remove Books Remove Contractors
article thumbnail

Top 10 property management tax deductions for 2025

Buildium

For the ins and outs on taking the home office deduction, see my book Home Business Tax Deductions. Deductions on Legal and Professional Services You can deduct fees that you pay to attorneys, accountants, consultants, and other professionals if the fees are paid for work related to your business.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

article thumbnail

Buying Land for Airbnb

Thanks For Visiting

We held detailed discussions, sometimes with our attorney present, to hash out potential scenarios. Annette, with her financial acumen, took the lead on budgeting, financial modeling, and managing the books. While many advise against mixing business with friends and family, I’ve found it can be incredibly rewarding.

Airbnb 52
article thumbnail

Problems with Self-Managing Investment Properties

Florida Property Management

Attending landlord-tenant workshops, reading books, and networking with experienced investors can help bridge the knowledge gap. It's also advisable to consult with an attorney or a property management professional who can provide guidance and ensure compliance with relevant laws.