article thumbnail

Property management accounting basics: The definitive guide

Buildium

Learn the basics of property management accounting, including every step of setting up a property management accounting system.

article thumbnail

Can You Charge A Pet Deposit or Pet Fee For Assistance Animals?

American Apartment Owners Association

Definition and Types of Assistance Animals Assistance animals are prescribed by healthcare professionals and are essential for individuals with disabilities. These pets provide the necessary support that eases symptoms and enhances daily functionality.

Landlord 230
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 Become a Tiny House Landlord

American Apartment Owners Association

Whichever dcor you choose, tiny homes by definition are less expensive to build and decorate, making it easier to afford higher quality furnishings and hardware. Smart technology integration is also far less expensive for tiny homes than larger properties as they require less equipment.

Landlord 255
article thumbnail

Tax on Airbnb income UK: the definitive guide

GuestReady

Do I have to pay Airbnb income tax? And which tax rate do I have to pay over my rental revenue? In this guide, we're explaining the rules and tax-free allowances for furnished holiday lets in the United Kingdom.

Airbnb 98
article thumbnail

3 Steps For Dealing With Tenants And Frozen Pipes

Rental Housing Journal

3 Time to call the professionals If you suspect that there is a bigger problem than the frozen pipes that can be fixed with a little heating, it is definitely advised for property managers to call in professional plumbers. They will have the right tools to assess the frozen pipes and determine whether they should be thawed or repaired.

Tenant 119
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Vacancy rates Before you purchase a multifamily property, be sure to investigate the current vacancy rate in the building and the surrounding area to assess tenant turnover and potential rental income stability.Multifamily homes by definition have multiple units and therefore, separate income sources.

Property 200
article thumbnail

Tax accounting for rental property management: What landlords should know

Buildium

Heres a quick breakdown of those definitions. Understanding Rental Income The first step in getting a handle on tax accounting for rental property is understanding exactly what counts as rental income and expenses. What Counts as Rental Income? Rental income includes all the payments you receive from tenants.