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Essential Advice for Property Managers: Tips and Strategies for Success

BetterWho

In this guide, we’ll explore proven strategies, innovative tools like the best property manager apps, and insights from property management consultants to empower your success. Seeking advice from a property management consultant or leveraging expert-driven resources can help you: Avoid common mistakes in managing rental properties.

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Essential Advice for Property Managers: Tips and Strategies for Success

BetterWho

In this guide, well explore proven strategies, innovative tools like the best property manager apps, and insights from property management consultants to empower your success. Seeking advice from a property management consultant or leveraging expert-driven resources can help you: Avoid common mistakes in managing rental properties.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Before doing anything tax- or accounting-related, consult a certified accountant. And, of course, consult a CPA to determine which deductions your business is eligible for. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business.

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Top 10 property management tax deductions for 2025

Buildium

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. When you hire an independent contractor to perform services for your business, the cost is deductible, as well.

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How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

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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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Contractor Hiring 101: Tips, Tricks, and Red Flags to Avoid

Real Property Management California Coast

Hiring competent, trustworthy contractors to handle your property improvements and repairs can be one of the most difficult aspects of investing in Torrance single-family rental homes. Few investors have the time or resources to hire a contractor who consistently delivers subpar results.