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How do property managers verify income?

MRI Software

When it comes to selecting the right tenant for a rental property, verifying income is a crucial step in ensuring a smooth and successful tenancy. By verifying income, property managers can reduce the risk of late payments, defaults, or evictions, which protects the property’s revenue stream and solidifies budgeting and forecasting.

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Airbnb vs Multifamily Investing | Which is Better?

MRI Software

Multifamily investing requires a focus on tenant acquisition, lease agreements, and ongoing property maintenance to ensure steady cash flow. Investors often leverage multifamily property management software to streamline daily operations, simplify rent collection, and efficiently handle maintenance requests.

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9 Biggest Challenges of Scaling Airbnb Business and Solutions

Zeevou

As the number of properties grows, managing bookings, guest communication, cleaning schedules, and maintenance becomes more complex. Many hosts face challenges, such as short-term rental bans, zoning restrictions, licensing requirements, and tax obligations. Ensure compliance before listing a new property.

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7 Must-Know Trends in Single-Family Rentals for 2024

Propertyware

In this blog post, we will explore seven of them, focusing on the intersection of single-family property management and the evolving rental landscape. Tech-Driven Property Management The integration of technology into property management is a trend that will only intensify in 2024.

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The tax cuts and jobs act is set to end—Here’s what it means for property managers in 2025

Buildium

Since 2018, property managers have been able to take advantage of various tax breaks authorized by the Tax Cuts and Jobs Act (TCJA). But which TCJA provisions impact property managers? For example, if you earn $100,000 in QBI from your property management business, you could deduct $20,000 ($100,000 x 0.2).