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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. Under IRS regulations, any personal property you buy for your business that costs less than $200 is deductible as materials and supplies. Those expenses include airfare or other transportation costs and hotel or other lodging expenses.

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Understanding HOA finances: A practical guide for association managers

Buildium

You’ll also need to budget for attorney fees. Review how many hours your association’s attorney typically bills each month so you can plan for those expenses accordingly. That said, each state has specific guidelines about how reserve funds can be invested, so it’s crucial to research the regulations in your area before diving in.

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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. You have to keep your money separate from your owners, and youll need a trust account to handle tenants security deposits, all of which is regulated by the state in which you operate.

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New 2025 condo and HOA laws for U.S. states

Condo Control

2020 Arizona Lien for assessment, collecting late fees Except for condos that have fewer than 50 units and do not have a third-party manager working for them, the association shall provide a statement of account in lieu of a periodic payment book to owners with the same frequency that assessments are provided for in the declaration.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Every year, state and federal regulations for housing change, and these amendments can have a dramatic impact on how you run your business. Be sure to check federal and state resources online or consult an attorney if you’re unsure about what needs to be updated. Review Your Leasing and Addenda Language. During Leasing Season.

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Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Their familiarity with local building codes and regulations also guarantees that the work is compliant with legal standards , thereby reducing your liability. Professional Partners: Real Estate Attorneys and Accountants Legal issues can quickly derail a real estate transaction.

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Are Townhomes a Good Investment for Airbnb Hosts?

Host Tools

More space than condos Unlike studio apartments or condos, townhomes often provide more square footage, multiple bedrooms, and floors, making them ideal for group or family bookings. Rental regulations and zoning laws Many cities impose restrictions on short-term rentals to address community concerns.

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