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Rent Control 101: Understanding the Basics

American Apartment Owners Association

As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. Its implemented by government programs in key municipalities across the U.S.

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The Importance of an Accurate Rental Application

American Apartment Owners Association

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members. Paid rent on time? What is included in a rental application?

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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. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

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Distressed Property: What It Is And How To Invest

Bay Property Management Group

Then, you can tap into potentially significant profit margins when you rent out or sell the property after improvements. Tax Liens or Sales: Local governments may sell properties with unpaid taxes to recover the owed amount, often through tax lien auctions or tax deed sales. This lets you get real estate at bargain prices.

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Seattle Landlord Sues The City Over Tenant Rules

American Apartment Owners Association

Goodman’s case comes after a rightward shift at Seattle City Hall and as affordable housing developers sound the alarm about rising operating costs and, in some cases, trouble collecting rent from tenants. The suit claims this is a “taking” of the landlord’s property.

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Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

Security deposit Tenants typically provide a security deposit upfront, which serves as a form of financial security for the landlord in case of unpaid rent or damages. 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.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.