Buildium

DECEMBER 17, 2024

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.

Property Manager 246

Property Manager Property Management Management Property 246

Buildium

DECEMBER 30, 2024

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.

Property Manager 245

Property Manager Property Management Management Property 245

SparkRental

NOVEMBER 28, 2024

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

Contractors 52

Contractors License Real Estate Insurance 52

Muldoon Associates

DECEMBER 5, 2024

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.

Contractors 96

Contractors Real Estate Property Management Property Manager 96

Real Property Management Choice

APRIL 1, 2016

Issuing IRS Tax Forms: Am I Required to Issue a 1099 to all of my contractors as a landlord? This IRS regulation applies to everyone who did some kind of work related to your property last year, as long as the company is not a corporation such as a professional property manager , wholesaler, attorney, or accountant.

Rental Property 52

Rental Property Contractors Property Regulation 52

Real Property Management Evertrust

OCTOBER 7, 2024

Pro Tip: Build a relationship with reliable contractors early on, so you’re not scrambling to find someone when repairs are needed. – Security deposit regulations: Know how much you can charge and the timeline for its return. Consult a real estate attorney if you’re unsure of the legal requirements in your area.

Landlord 130

Landlord Lease Agreement Tenant Lease 130

Muldoon Associates

NOVEMBER 7, 2024

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws. Avoid legal missteps by: Staying Informed.

Lease Agreement 98

Lease Agreement Property Property Management Property Manager 98