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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

If youre new to property management taxes, there could be some big mistakes youre making that could cost you or your owners money. Check out these six property management tax mistakes to see if youre guilty of making themand how to remedy them moving forward. If you rent equipment or vehicles, the rent you pay is fully deductible.

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Understanding HOA finances: A practical guide for association managers

Buildium

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity. You’ll also need to budget for attorney fees. What are HOA Finances?

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

By that time, property management business owners should be ready to go. To get you the best information possible, we spoke to Joe Riter, senior manager of public policy at the National Apartment Associations (NAA) Government Affairs department. Non-compliance may lead to steep penalties, including fines and criminal liability.

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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities. Manage maintenance costs proactively. Ensure legal compliance to mitigate risks. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

To get you the best information possible, we spoke to Joe Riter, senior manager of public policy at the National Apartment Associations (NAA) Government Affairs department. The bottom line : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements.

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A Fair Housing Challenge: The Use of Marijuana

American Apartment Owners Association

Navigating the legalities of marijuana use within property management is an ongoing challenge as states increasingly adopt diverse regulations. This variance between state and federal laws places property managers in a complex position, tasked with adhering to legal requirements while addressing the needs and rights of residents.