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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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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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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.

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Best Property Management Books for Landlords: Top 9 Picks

Bay Property Management Group

These books can help you get a clearer grasp of the property management landscape as a whole. Every Landlord’s Guide to Managing Property by Michael Boyer Here, Boyer offers a window into tenant retention, basic property maintenance, finding good contractors, accounting, and other key tasks.

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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. Who is Qualified to Conduct Inspections? Civil or Structural Engineers licensed in California.

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Lack of Specialized Knowledge: Why Property Management Requires Dedicated Expertise

Authority Property Management

Discuss the specific skills and knowledge needed for effective property management that sales agents might lack, leading to potential risks and inefficiencies. In the world of real estate, the roles of sales agents and property managers are often seen as interchangeable. The Risks of Inadequate Expertise 1.