Remove Compliance Remove Insurance Remove Property Maintenance
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Effective asset management property maintenance: Strategies for property managers

Buildium

Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility property managers face. Youll also know who you can count on in an emergency.

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Understanding and managing rental property maintenance emergencies—before it’s too late

Buildium

Your approach can significantly impact the profitability of each property in your portfolio, tenant satisfaction, relationships with your clients, and compliance with legal obligations. Keeping detailed records of the issue, actions taken, and communications can be vital for insurance claims and legal compliance.

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Keeping Up With Rental Property Maintenance

American Apartment Owners Association

Having the right knowledge of your rights as a property owner and keeping up with property management with rental property maintenance is an efficient way that will save you tons of heartache – and your wallet from being emptied – down the road. What is rental property maintenance?

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Keeping Up With Rental Property Maintenance

American Apartment Owners Association

Having the right knowledge of your rights as a property owner and keeping up with property management with rental property maintenance is an efficient way that will save you tons of heartache – and your wallet from being emptied – down the road. What is rental property maintenance?

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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities. Manage maintenance costs proactively.

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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

Deduct Allowable Expenses Now that you’ve found your total gross income, subtract it by any allowable expenses related to maintaining and running your rental property. For instance, consider factors like repair costs, mortgage interest, property taxes, insurance premiums, and utilities. The post Is Rental Income Taxable?

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Lessor vs. Lessee: How Are They Different?

Bay Property Management Group

So, they have to weave compliance in everything they do, from marketing to move-outs. Let’s break them down in a table: Aspect Lessor Lessee Ownership The lessor owns the property and has the right to lease it. The lessee doesnt own the property; they just rent it. Theyll usually have insurance. utilities).