December, 2024

article thumbnail

Tax Tips for Rental Properties – Rental Income and Deductions for Landlords

Rentec Direct

Rental real estate offers favorable tax advantages compared to other types of investments. One of the biggest benefits of owning rental property come tax time are the special opportunities to deduct expenses related to your rental property and rental income. When you rent a property to others as a landlord or real estate investor, you […] The post Tax Tips for Rental Properties – Rental Income and Deductions for Landlords appeared first on Rentec Direct Blog.

article thumbnail

Is Smoking Considered a Disability? Understanding the Fair Housing Act’s Stand on Smoking

American Apartment Owners Association

Smoking and housing policies often intersect in ways that raise questions about resident rights and property management responsibilities. One common point of confusion is whether smoking or nicotine addiction qualifies as a disability under the Fair Housing Act (FHA). While marijuana use for medical purposes introduces its own complexities, this article will focus specifically on cigarette smoking and how the FHA applies in these cases.

Insiders

Sign Up for our Newsletter

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

article thumbnail

PART 1: Why the Vendor Bidding Process Is Broken (and What It’s Costing Property Managers)

Fourandhalf

Its been a long time since we put out an episode of The Property Management Show and today were excited to talk with RoDevia Brigham, the founder and CEO of Proposabid. The vendor bidding process is an entire industry on its own, and this is a topic we have not covered before on the podcast. Introducing RoDevia and Proposabid Proposabid does bids and estimations for properties and repairs across US.

article thumbnail

How does a 1031 exchange work? Everything property managers need to know

Buildium

More and more property managers are finding their clientele shifting from accidental landlords to strategically minded rental real estate investors. And they’re relying on the property management companies they hire to help them make the most of their investments. They’re looking for property managers with a deep knowledge of their market, the most effective investment strategies, and the tax and compliance laws they need to follow.

article thumbnail

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

article thumbnail

Sustainable Practices Every Property Manager Should Be Aware Of

Real Property Management Evertrust

The renter demographic in the U.S. is gradually becoming younger, leading to an increasing demand for eco-friendly living options. This moving pattern offers rental property owners and managers a great prospect to embrace sustainable practices that can benefit the environment – and your bottom line. Removing the environmental impact of your rental property attracts more than just conscientious renters.

article thumbnail

BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). This pause gives businesses a temporary break from the reporting requirements discussed in this article. However, the court decision may be temporary, and the reporting rules could be reinstated at any time.

More Trending

article thumbnail

The Art of Negotiation in Real Estate Investing

American Apartment Owners Association

Real estate investing can be an extremely lucrative business if done right. One of the most important skills for a successful real estate investor is the ability to negotiate effectively. Negotiation is truly an art form that involves strategy, communication skills, critical thinking, and the ability to read people. Master negotiators in real estate are able to consistently buy low and sell high, maximizing their profits.

article thumbnail

PART 2: Why the Vendor Bidding Process Is Broken (and What It’s Costing Property Managers)

Fourandhalf

Can vendor bidding solutions like RoDevia Brighams Proposabid create more transparency and detect fraud? Thats where we left off during Part 1 of this discussion on The Property Management Show. Lets pick up the conversation about how the bidding process is broken, and how property managers can avoid wasting time and money. Heres Part 2. How has Proposabid Contributed to Fraud Detection?

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Disclaimer: This blog post is not meant to take the place of the guidance of an accountant or tax professional. Before doing anything tax- or accounting-related, consult a certified accountant. Tax time isnt a once-a-year thing. Its a year-round task you need to stay on top of to keep your business and your owners compliantand to save you and your owners money.

article thumbnail

Maintenance Mastery: Creating Schedules That Preserve Property Value

Real Property Management Evertrust

Effective property management hinges on regular maintenance, as every successful rental property owner knows. Proactive upkeep schedules are vital for avoiding high repair costs and ensuring tenant happiness and loyalty. Addressing upkeep proactively helps maintain property safety, appeal, and occupancy while enhancing its value. Discover how to create an effective maintenance schedule and leverage technology for smoother implementation.

article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

Essential Advice for Property Managers: Tips and Strategies for Success

BetterWho

Expert Advice for Property Managers Managing rental properties can feel like spinning a dozen plates at once. Between keeping tenants happy, maintaining properties, and marketing your services, the job demands a unique mix of organizational skills and creativity. Whether you’re a seasoned professional or just starting, having actionable advice for property managers can help you optimize your operations and thrive in a competitive market.

article thumbnail

Tenant Screening Basics

Rentec Direct

Tenant screening basics includes an overview of valuable tenant screening reports such as credit checks, eviction history, criminal background checks, and income verification. Whether you’re new to property management or refining your approach, youll find tips that will improve your tenant screening process and ensure successful rental experiences.

Tenant 264
article thumbnail

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

American Apartment Owners Association

Written by Jason Malabute , CPA As a CPA with a focus on real estate investors and a real estate investor myself, Ive experienced firsthand how valuable it is to qualify as a real estate professional under the tax code. This isnt just a theoretical advantageits a powerful tool that can significantly impact your financial picture. Both for my clients and my own portfolio, achieving real estate professional status (REPS) has been an essential strategy for reducing taxable income and creating oppor

article thumbnail

How Property Management Can Address Middle-Income Affordability Challenges

Appfolio

See how 2025’s emerging trends in workforce housing — and technology — are creating opportunities for sustainable, profitable property management operations while addressing affordability needs for an often overlooked segment of the population.

article thumbnail

Property management certifications that give you an edge

Buildium

No matter what stage your business is at, this post can help you learn what property management certifications and licenses out there, who administers them, and how they can help you boost your career.

article thumbnail

Resident Retention Strategies That Work

Real Property Management Chicago

As a rental property owner, you are already familiar that renter retention is one of the critical elements to long-term success. Not only do high turnover rates increase costs, but they can also obstruct the stability of your investment property in other aspects. Because of this, resident retention should be a key priority for landlords and rental property owners alike.

Lease 236
article thumbnail

Essential Advice for Property Managers: Tips and Strategies for Success

BetterWho

Expert Advice for Property Managers Managing rental properties can feel like spinning a dozen plates at once. Between keeping tenants happy, maintaining properties, and marketing your services, the job demands a unique mix of organizational skills and creativity. Whether you’re a seasoned professional or just starting, having actionable advice for property managers can help you optimize your operations and thrive in a competitive market.

article thumbnail

Rentec Direct Spreads Holiday Cheer Across Southern Oregon

Rentec Direct

Full Press Release Available on BUSINESS WIRE Grants Pass business supports local families during the holiday season and beyond. GRANTS PASS, OR.— Giving back to the community will always be a core value ofRentec Direct, a leading property management software company deeply rooted in Southern Oregon and proudly headquartered in downtown Grants Pass.

article thumbnail

Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. Generally, landlords must provide at least 24 hours notice before entering, respecting tenants privacy and adhering to specific state laws regarding entry reasons and times. This raises the question of whether a landlord can let themselves in without the tenants permission.

Landlord 246
article thumbnail

4 Tips for Closing Internet Leads for Property Managers

Fourandhalf

Converting leads into loyal clients hinges on having an effective lead follow-up strategy. Without one, even the best marketing techniques to generate leads—whether through social media, pay-per-click ads, or search engine optimization—can fall flat, simply becoming costly efforts with little return. But with a proactive approach, you can increase conversions for your property management company and make those marketing dollars work harder for you.

article thumbnail

Top 10 property management tax deductions for 2025

Buildium

Property managers are engaged in a service business, which means theyre entitled to the full array of business-related tax deductions. Almost everything you buy for your business is tax deductible sooner or later, so long as it is ordinary and necessary and the cost is not unreasonable. Property management tax deductions can really add up. For example, if you buy a $2,000 computer and use it 100% for your business, you could deduct the full cost from your taxes.

article thumbnail

Shifts in CRE Loan Balances Point to Strengths and Weaknesses in the Multifamily Market

Appfolio

High interest rates are reshaping all sectors of the real estate industry. Explore how multifamily is adapting while continuing to meet the demands of this dynamic market and what it means for your investment and property management strategies.

article thumbnail

Community Times – December edition

ADDA

Gold Unlocked: ADDA Shines Bright in Tenant Engagement! WE DID IT! ADDA has just WON GOLD for the Best Tenant Engagement Solution of the Year at the World Realty Congress Awards 2024! This victory is a testament to our amazing team, partners, and users who helped us redefine resident experiences worldwide! The future of real estate engagement is here, and were leading the way!

Apartment 182
article thumbnail

Rentec Direct Marks Sixth Year of Holiday Giving Through Angel Tree Program

Rentec Direct

Full Press Release Available on PRWEB Rentec Direct proudly marked its sixth year of participation in the Salvation Army’s Angel Tree Program, bringing holiday cheer to local children in need. GRANTS PASS, OR. Dec. 12, 2024 — Rentec Direct, an industry leader in property management software, proudly announces its sixth year of supporting local children and families […] The post Rentec Direct Marks Sixth Year of Holiday Giving Through Angel Tree Program appeared first on Rentec

article thumbnail

Tips to Minimize Tenant Turnover

American Apartment Owners Association

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023.

Tenant 246
article thumbnail

A Complete Guide to Renting Out Your House

Bay Property Management Group

Considering renting out your house? There are many reasons you could be here. They may want to earn extra income, pay off debt, or use it as an alternative to selling during a housing slump. This can be a great idea, but it can also cause more trouble than expected if you don’t make the appropriate considerations. Read on to understand the process of renting out your house and avoid potential hiccups.

Rent 147
article thumbnail

How bonus depreciation can save your property management company money

Buildium

Filing taxes is always top of mind at the beginning of the year, but even after April has come and gone, the money you and your owners can save through deductions should always be on your radar. Small changes to your tax filing strategy can actually lead to significant cost savings in just a short period of time. Knowing about the right deductions (and the right tools to report them easily) can help you keep money in your pocket (and save you hours of time).

article thumbnail

A Complete Guide to Mortgages: Tips for Homebuyers

Beach Front Property Management

Mortgages play a vital role in real estate, making homeownership and property investment accessible by providing financing options. They cater to diverse needs through various types, such as fixed-rate, adjustable-rate, and government-backed loans. Understanding how mortgages work is crucial for making informed decisions. This guide explores mortgage types and how they impact your real estate journey, empowering you to choose the best option for your financial and property goals.

Finance 147
article thumbnail

Davis Stirling Act: What Is It, Rules, Fines, And Violations

HOA Managememt

The Davis Stirling Act outlines the rules and enforcement guidelines that Californias homeowner associations must follow. The act clarifies responsibilities for HOAs, especially concerning fines and penalties for rule violations. Both homeowners and HOA board members should understand the regulations under this Act to avoid penalties. What is the Davis-Stirling Act in California Law?

IT 130
article thumbnail

8 Things Investors Often Forget When Winterizing Rental Properties

Rentec Direct

Savvy investors know that winterizing your rental property is key to the property’s longevity and habitability for your tenants. Unfortunately, there are some winter maintenance checks that many overlook this time of year; don’t forget these eight things to look for at your rental this winter. If you’ve been in the investment rental business for […] The post 8 Things Investors Often Forget When Winterizing Rental Properties appeared first on Rentec Direct Blog.

article thumbnail

Understanding Tenant Rights and Responsibilities: A Guide for Property Managers

American Apartment Owners Association

In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. This information promotes amicable relationships and reduces the likelihood of legal conflicts. Let’s examine the specifics of these rights and obligations to assist property managers in better and more effectively navigating this complex environment.

article thumbnail

Can an HOA Evict You? What You Need To Know

Bay Property Management Group

Wondering, can HOA evict you? Understanding how Homeowners Associations (HOAs) work is essential for tenants living in HOA-managed communities. While HOAs play a role in maintaining property standards, can they kick you out? The answer might not be as simple as it seems. From rule enforcement to legal actions, there are situations where HOA decisions can impact your tenancy.

Landlord 147
article thumbnail

Marketing an HOA management company: What to focus on plus 8 strategies to keep and win clients

Buildium

If working with HOA boards feels like a struggle for your business, youre not alone. Many associations are facing formidable challenges , such as rising costs, navigating conflicts with members, and finding enough volunteers to keep their board active. This pressure is carrying over to boards relationships with HOA managers. 27% of board members surveyed in our latest community association industry report pointed to finding and working with HOA management companies as a major source of stress fo

article thumbnail

How Fed’s Rate Cuts Impact Real Estate Market

Beach Front Property Management

The Federal Reserve’s recent decision to cut interest rates by 0.25% can have a significant impact on both homebuyers and homeowners. While lower rates can make mortgages more affordable and increase borrowing power, they can also lead to increased competition and higher home prices. For current homeowners, refinancing may be a viable option to take advantage of lower rates.

article thumbnail

Rent Collection On Holidays: Landlords Should Plan Ahead

Rental Choice

Rent collection on holidays can be troublesome for many landlords, as they face many challenges in collecting them on time. Since these days are usually the busiest in the year, it may impact the priorities of both landlords and tenants, causing delays in handling holiday rent. Common Holiday Rent Collection Challenges Collecting rent during the holidays can present several challenges and inconveniences.

Landlord 130