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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

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. When you hire an independent contractor, that cost is deductible, too. Advertising to influence government legislation, however, is never deductible.

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How SB-721 is Shaping the Future of Property Management in California: A Comprehensive Analysis

Authority Property Management

Qualified professionals must conduct these inspections, including licensed architects, civil or structural engineers, or experienced contractors. Civil or Structural Engineers licensed in California. Licensed Contractors experienced in balcony and deck inspections. Who is Qualified to Conduct Inspections?

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. Today we’re going to talk about this option in more detail. Maintenance and repair.

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Cost Segregation Study: How to Take Accelerated Depreciation on Rental Properties

SparkRental

Thankfully, you don’t have to do a cost segregation study for those of us who are neither contractors nor tax lawyers. They’ll even examine architectural plans, engineering specifications, and construction records, looking for opportunities for accelerated property depreciation.

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HOA Electric Car Charging Policy: Why Have One?

Mem Property Management

Establishing a written policy for how to handle charging stations will ensure consistent enforcement and compliance across the community. As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor.