Buildium
NOVEMBER 5, 2024
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. Luckily, you’ve got the knowledge and tools to make filing 1099 forms for property management a breeze.
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. Having property management software with accounting features can help you do that.
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Buildium
OCTOBER 21, 2024
From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year. You’ll also need to budget for attorney fees. Managing Unexpected Expenses Unexpected expenses will pop up during your time with the association.
American Apartment Owners Association
DECEMBER 2, 2024
Engage with a reputable real estate attorney to ensure all legalities are in order and that the transaction progresses without a hitch. Property Management Software Once you’ve secured a multifamily property, efficient management ensures sustained profitability.
American Apartment Owners Association
DECEMBER 2, 2024
LEARN MORE Leveraging Technology In today’s digital age, technology can streamline property management make sure to hire a PM that uses Tech to your advantage: Property Management Software: Use software to keep track of finances, lease agreements, and maintenance requests efficiently.
MRI Software
FEBRUARY 8, 2025
Verify property titles, ensure zoning compliance, and address safety regulations to avoid legal or operational issues. Finalize the agreement by consulting with a real estate attorney to include legal safeguards and secure a reliable, long-term arrangement.
Host Tools
DECEMBER 26, 2024
Familiarize yourself with tax benefits like deductions of mortgage payments, property repairs, and depreciation benefits for investment property. Working with a local attorney can help ensure youre on the right side of the law and avoid costly mistakes. Here are strategies to ensure smooth operations: 1.
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