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Finding the Perfect Multifamily Property

American Apartment Owners Association

Location This is the most crucial factor when judging a possible multifamily purchase as it significantly impacts rental demand and property value.Consider the buildings proximity to amenities, public transportation, employment centers and whether there are any environmental concerns.

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Top 10 property management tax deductions for 2025

Buildium

Those expenses include airfare or other transportation costs and hotel or other lodging expenses. 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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After a Wildfire: Essential Steps for Property Recovery

Beach Front Property Management

These policies may also cover the “loss of use” of your home and additional living expenses (ALE), including rent, hotel stays, meals, transportation, clothing, and other costs, up to a limit, if the fire makes your home uninhabitable or inaccessible. You can also file a complaint with your states Department of Insurance.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

You can also deduct your expenses such as airfare, transportation, and hotel when you go out of town for business. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. For 2024, the standard mileage rate is 67 cents per mile.

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Making Money in Multifamily: Tips and Tricks for Smart Investors

American Apartment Owners Association

Consider these factors: Proximity to Amenities: Properties near schools, parks, shopping centers, and public transportation tend to attract more tenants. Professional Help: When in doubt, seek advice from real estate professionals, financial advisors, or attorneys to ensure you’re making sound investment choices.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Location This is the most crucial factor when judging a possible multifamily purchase as it significantly impacts rental demand and property value.Consider the buildings proximity to amenities, public transportation, employment centers and whether there are any environmental concerns.

Property 130
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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Maybe additional public transportation options for improved walkability? AAOA recommends you consult with an attorney familiar with current federal, state and local laws. This can raise the rental property value, which can be reflected in your monthly rent. Neighborhood upgrades. Are new businesses popping up nearby? Join AAOA today.