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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Before doing anything tax- or accounting-related, consult a certified accountant. And, of course, consult a CPA to determine which deductions your business is eligible for. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

To uphold industry trust and transparency, it matters that your business takes steps to be in line with federal regulations. As of March 1, 2024, most companies must comply with the new BOI reporting regulations. For property management companies, these rules arent just about avoiding penalties theyre about accountability.

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How to Keep Your Tenants Safe

American Apartment Owners Association

Standards of habitability include a tenants ability to regulate and maintain a safe and comfortable home temperature. For example, they must guarantee that it does not contain lead-based paint, asbestos, mold or other dangerous environmental toxins and install smoke and carbon monoxide detectors in each unit according to local regulations.

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Understanding HOA finances: A practical guide for association managers

Buildium

You’ll also need to budget for attorney fees. Whether it’s consulting with outside counsel on things like emotional support animal (ESA) applications, handling delinquencies, or managing collections, legal costs can add up. Since collections are heavily regulated, familiarize yourself with the rules.

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Top 10 property management tax deductions for 2025

Buildium

Under IRS regulations, any personal property you buy for your business that costs less than $200 is deductible as materials and supplies. 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.

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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 discord between state and federal regulations often confuses housing policies.

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How to Handle Common Lease Violations

American Apartment Owners Association

Noise Regulations : Respecting noise guidelines is key to a peaceful community. Consider Mediation or Legal Advice : Consult a mediation service or attorney if direct communication does n o t resolve the matter. Mediators facilitate compromise, while attorneys provide essential legal guidance.

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