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Effective asset management property maintenance: Strategies for property managers

Buildium

Asset Management Property Maintenance vs. General Property Management Maintenance Asset management property maintenance focuses on the long-term sustainability and value enhancement of properties. Introducing software and other technology can also optimize maintenance management.

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Best Property Management Software for 2025

American Apartment Owners Association

O pt im ize s Lease Management: Property management software allows digital storage of leases and related documents. Im pr o ve s Communica tio n : Centralized messaging keeps landlords, tenants, employees, and contractors aligned. Track ongoing repairs and communicate with Connect with local contractors.

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Your Ultimate Guide to Property Maintenance Services

Appfolio

As a property manager, you also have to make sure contractors get paid and expenses are tracked. Rather than hiring a contractor every time something needs to be fixed, or constantly having to check up on all your properties, it is often more cost-effective to hire a regular maintenance technician. Back to Top.

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Is Real Estate Investment Trusts a Good Career Path?

American Apartment Owners Association

These companies provide a way for individuals to invest in real estate without directly managing properties. Development Manager Salary Range : $50,000 $140,000 Oversees new construction or property renovations. This role often includes managing permits, contractors, and project timelines.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds. 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.

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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.

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What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

Also, some property management companies offer other services which may be compatible with an owners desires like legal advice, floorplans, drone surveys of buildings, etc. Have a Proven Track Record: Demonstrate success in managing properties that are comparable to the one being managed.