Remove Attorney Remove Consulting Remove Rental Property
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs.

Property 200
article thumbnail

Everything You Know About Money is Wrong: Insights from Real Estate Attorney Mauricio Rauld

SparkRental

The Big Picture on Insights from Real Estate Attorney Mauricio Rauld: Prioritizing investment over excessive spending can accelerate wealth building, as seen in Jim Rohns 90% investment strategy and Grant Cardones 50/50 rule. Always consult a licensed real estate consultant and/or financial advisor about your investment decisions.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

The answer is straightforward: yes, landlords have the legal authority to enter the rental property they own. Rental payment Tenants are responsible for paying rent on time and in full, while landlords are responsible for providing a habitable living space in return. Privacy Both landlords and tenants have the right to privacy.

Landlord 246
article thumbnail

How to Handle Common Lease Violations

American Apartment Owners Association

Property owners need to understand their responsibilities to avoid potential violations fully. Unauthorized Entry or Privacy Invasion : Homeowners must respect resident privacy by providing proper notice and a valid reason before entering the property. Mediators facilitate compromise, while attorneys provide essential legal guidance.

Lease 233
article thumbnail

1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. If the rental property owner is established as a corporation, you do not need to file a 1099-MISC form for payments made to that company.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Before doing anything tax- or accounting-related, consult a certified accountant. This is not an exhaustive list, but here are some of the more basic deductions property managers can take. And, of course, consult a CPA to determine which deductions your business is eligible for. Tax time isnt a once-a-year thing.

article thumbnail

How to Keep Your Tenants Safe

American Apartment Owners Association

They should perform regular safety checks on the property and quickly make any necessary repairs to avoid accidents. Landlords are also responsible for injuries to their tenants that may be the result of dangerous structural conditions or environmental health hazards on their rental property. Screen Your Tenant Today!

Tenant 246