article thumbnail

Effective asset management property maintenance: Strategies for property managers

Buildium

Asset Management Property Maintenance vs. General Property Management Maintenance Asset management property maintenance focuses on the long-term sustainability and value enhancement of properties. Introducing software and other technology can also optimize maintenance management.

article thumbnail

A must-have property management preventive maintenance checklist to avoid costly repairs

Buildium

This guide will help you develop and implement an effective preventive maintenance strategy that saves money, preserves property value, and keeps tenants happy. Youll also be able manage properties with: Reduced Emergency Repairs: Regular maintenance catches small issues before they become major problems.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Best Property Management Software for 2025

American Apartment Owners Association

Below are the main benefits of rental property management software: Streamlines Rent Collection: Software helps landlords collect rent online , deterring late payments and avoiding cumbersome monitoring with automated invoicing and payments. Handles Expenses & Finances: Accounting integrations can simplify tax season.

article thumbnail

How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

It requires an understanding of the tax code, meticulous planning, and ongoing commitment to documentation. 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. Navigating the path to REPS isnt always straightforward.

article thumbnail

The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Evertrust

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. These benefits provide a major advantage for property managers and, when executed well, build an enjoyable and satisfying experience for residents.

article thumbnail

5 myths about property management software

Condo Control

Thats not the case when documents are stored online. Its generally safer to cast ballots and store records using property management software, but it’s crucial to choose a reputable provider and implement robust security measures, as sensitive tenant and financial data is handled.

article thumbnail

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. You can obtain an original Form 1096, 1099 forms and any other official tax documents (photocopies won’t work) from the IRS directly through their website.