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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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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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100+ Questions Every LA Multifamily Investor Should Ask

InveServe

Initial Investment & Financing (LA-Specific): What is the total acquisition cost (including purchase price, closing costs, due diligence, and potential seismic retrofitting a critical LA consideration)? What are my financing options specific to the LA market (local lenders, specialized programs)? InveServe, Corp.

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Geoarbitrage Real Estate Investing: How Living Abroad Can Supercharge Your Wealth

SparkRental

Always consult a licensed real estate consultant and/or financial advisor about your investment decisions. This blend of earning in a strong currency while living in a lower-cost country is known as currency arbitrage, and it can be a game changer for both personal finances and investment strategies.

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The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Consulting Experts. Consult with an agent who specializes in rental properties. Avoid legal missteps by: Staying Informed. Implementing Compliance Procedures.

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Future-Proofing Your Rental Property: Investments That Pay Off Long-Term

RL Property Management

Building relationships with contractors can also help secure competitive rates, making large-scale improvements more affordable. Financing Future-Proof Investments Many future-proofing upgrades require significant upfront investment, but there are several ways to make these projects financially manageable.

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Essential questions to ask when buying a multifamily property

MRI Software

Ask the seller for a complete list of known issues, along with estimated costs, and confirm this information with an independent contractor. What are the financing and tax implications for this property? Financing and tax considerations are essential to understanding the overall financial feasibility of the property.