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Tax accounting for rental property management: What landlords should know

Buildium

Note: This guide is intended to provide general information on rental property tax accounting. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. Heres a quick breakdown of those definitions. What Counts as Rental Income?

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What Is a Ground Lease? What You Need To Know

Bay Property Management Group

Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Main Takeaways What is a ground lease?

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What Is A Lease Violation and How To Prevent Them

Bay Property Management Group

But sometimes, without even realizing it, you might break a lease rule that could get you in trouble or, worse, evicted. So, what is a lease violation, and how can you avoid making one? What Is a Lease Violation? A lease violation occurs when a tenant doesnt follow the lease terms they agreed to.

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How to Become a Tiny House Landlord

American Apartment Owners Association

Small homes = big profits Leasing tiny homes is one of the latest trends in the rental business. Preparing your tiny home for tenants The aesthetics and style you choose for your tiny house rental property can have an impact on the type of renters you attract. What are your rules regarding property upkeep and damages?

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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.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. Congratulations, you are now a landlord, the owner of a great rental property.

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How Extensive Are Background Checks for Apartments?

Bay Property Management Group

As one of the most experienced rental property management in Baltimore , we can tell you for sure that background checks are a big deal for landlords. They’re a safety measure that protects both the property and the people in it. Also, they want to make sure you’ve avoided being evicted and making lease violations.

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