Remove Contractors Remove Engineering Remove Finance
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

Buying Your First Rental Home

Real Property Management California Coast

Unfortunately, when it comes to homes in need of repairs, you can quickly get in over your head, both in terms of work and finances. How do you plan to finance your purchase? Some people have a close friend or relative who can help guide them through the process, which can make a big difference in success and in finances.

Finance 52
Insiders

Sign Up for our Newsletter

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

article thumbnail

Property Management Outsourcing Services: Benefits and Cost

Second Nature

One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. Today we’re going to talk about this option in more detail. Maintenance and repair.

article thumbnail

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

SparkRental

This granular analysis can help determine a more accurate property valuation, which can be an advantage when seeking financing or when making future investment decisions about the property. Thankfully, you don’t have to do a cost segregation study for those of us who are neither contractors nor tax lawyers. Being a landlord?