Buildium

DECEMBER 30, 2024

Before doing anything tax- or accounting-related, consult a certified accountant. This is not an exhaustive list, but here are some of the more basic deductions property managers can take. And, of course, consult a CPA to determine which deductions your business is eligible for. Tax time isnt a once-a-year thing.

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Property Management Property Manager Management Property 245

Buildium

NOVEMBER 5, 2024

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. Luckily, you’ve got the knowledge and tools to make filing 1099 forms for property management a breeze.

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Property Management Property Manager Management Electronics 227

Buildium

FEBRUARY 10, 2025

Common Rental Property Maintenance Management Challenges Property managers usually encounter a handful of underlying challenges that impact maintenance: Managing Budgets and Costs: Balancing cost-efficiency with quality service isa constant struggle.

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Property Maintenance Maintenance Rental Property Management 130

Buildium

JANUARY 6, 2025

You should develop it in consultation with the board president and other key members. These materials may include financial reports, proposed budgets, contractor bids, and correspondence from homeowners. The board president, in consultation with other board members and the HOA manager, should decide to call an emergency meeting.

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Thanks For Visiting

JANUARY 7, 2025

Data Tracking and Management is Important When Scaling Airbnb Conclusion 9 Essential Tips to Scale Your Airbnb Business Successfully scaling an Airbnb business requires more than just acquiring properties. It demands strategic planning, robust systems, and top-notch property management software.

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California Pacific Realty

AUGUST 14, 2024

Regulatory Compliance Making sure that all financial activities comply with local, state, and federal regulations, including tax laws and property management statutes, is critical to avoid legal issues and penalties. Handling Contractor and Mortgage Payments. Maintaining Accurate Records Over Time.

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Property Management Property Manager Management Property 52

McKee Properties

FEBRUARY 10, 2025

Network of Vendors : Local property managers have connections to reliable contractors, plumbers, and other service providers, ensuring faster and more affordable repairs. Compliance Insight : Companies familiar with state and local property regulations will help you avoid potential legal pitfalls.

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Property Management Property Manager Management Property 52