Remove Contractors Remove Education Remove Management Properties
article thumbnail

How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

The 750-Hour Rule: You must spend at least 750 hours during the year actively working in real property trades or businesses where you materially participate. These hours can include managing properties, overseeing repairs, leasing units, and other hands-on tasks related to your real estate activities.

article thumbnail

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. Licensed Contractors experienced in balcony and deck inspections. Educational Outreach: Expand programs to educate landlords, property managers, and tenants about SB-721.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

article thumbnail

Problems with Self-Managing Investment Properties

Florida Property Management

Real estate investment requires a deep understanding of property laws, local regulations, tenant-landlord relationships, and property maintenance. Solution: To mitigate this risk, investors should invest time in education and stay informed about changing laws and regulations.

article thumbnail

How to Avoid Water Damage in Your Rental Property

Young Management

Tenant Education Tenants play a crucial role in preventing water damage. Educating them on how to spot early signs of leaks and what to do in the event of a water emergency is essential. They often work with trusted contractors and can get repairs done quickly, minimizing damage.

article thumbnail

What All to Consider When Selecting Property Management in Los Angeles

Real Property Management Choice

. · Experience in Delivering Results Make sure to talk to your property management company about how you expect your property to perform, and what your investment goals are. Find out how they have successfully managed properties similar to yours in the past. Then, ask them if they can deliver.

article thumbnail

What Does a Property Manager Do?

California Pacific Realty

Keeping Your Property in Top Condition Proactive maintenance is important to preserving and enhancing a property’s value. Property managers coordinate with trusted service providers and contractors to quickly address maintenance requests, guaranteeing tenant satisfaction and minimizing possible damage.