article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too. Advertising to influence government legislation, however, is never deductible.

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. Civil or Structural Engineers licensed in California. Licensed Contractors experienced in balcony and deck inspections. Who is Qualified to Conduct Inspections?

Insiders

Sign Up for our Newsletter

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

article thumbnail

How to create a winning property management marketing plan in 2025

Buildium

Here are some sample topics to get you started: Tips for property maintenance and upkeep Guides to finding and screening tenants Industry news and updates Case studies and success stories Search Engine Optimization (SEO) SEO is the practice of optimizing your website and content to rank higher in search engine results pages (SERPs).

article thumbnail

Addressing the Ongoing Issue of Aging Infrastructure in HOAs

Property Management Inc.

They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”

article thumbnail

Bill 30 could make condo living easier in Alberta

Condo Control

Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

article thumbnail

Buying Your First Rental Home

Real Property Management California Coast

When it comes to hiring contractors , some experts recommend being especially careful in selecting who you hire. HouseLogic explains sometimes homes are structurally unsound and will require the assessment of an engineer and demolition work. Keep in mind some repairs, such as wiring and plumbing, are best left to professionals.

Finance 52
article thumbnail

Cost Segregation Study: How to Take Accelerated Depreciation on Rental Properties

SparkRental

Thankfully, you don’t have to do a cost segregation study for those of us who are neither contractors nor tax lawyers. They’ll even examine architectural plans, engineering specifications, and construction records, looking for opportunities for accelerated property depreciation.