Remove Definition Remove Maintenance Remove Property Manager
article thumbnail

Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. Factors Impacting Property Management Companies Profitability So, whats going on here? And its difficult for maintenance services to turn a profit when labor and supply costs have risen so far.

article thumbnail

A new phase in property management companies’ portfolio growth? [The Lookout]

Buildium

Heading into 2025, portfolio growth was at the top of property management companies list of priorities for the seventh year straight. In Buildiums most recent survey , 91% of third-party property management companies told us that they expect to grow their portfolios in the two years to come.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Tax accounting for rental property management: What landlords should know

Buildium

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. Heres a quick breakdown of those definitions. Operating Expenses Operating expenses are the costs of maintaining and managing your rental property.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Property management Consider the management demands of the property and whether you have the time and energy to deal with them yourself.

Property 200
article thumbnail

3 Steps For Dealing With Tenants And Frozen Pipes

Rental Housing Journal

Here are 3 steps to help deal with tenants and frozen pipes and hopefully avoid the problem in your rentals and the maintenance calls that can result this winter from Keepe. 1 The preventative methods for tenants and frozen pipes There are several things that property managers should do to prevent pipes from freezing in their rentals.

Tenant 119
article thumbnail

What Qualifies as an Emergency Maintenance Request?

Real Property Management Chicago

Many property managers distinguish that they need to work straightaway when a resident calls with an emergency maintenance request. But which maintenance requests are emergencies, necessitating immediate attention, and which can wait a little longer? What defines an emergency repair?

article thumbnail

Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. Lets dive in!