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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. If youre a landlord, understanding tax accounting for rental property is a surefire way to get save bookkeeping time while getting most return for your investment. What Counts as Rental Income?

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Fire insurance 101: What landlords & property managers need to know

Buildium

But are landlord and renters insurance the only options out there? What happens if your owner needs coverage for their rental units, but not for the possessions inside? Or what if they want a little extra coverage outside of typical landlord policies? Thats where dwelling fire insurance for rental properties may be able to help.In

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How to Maximize Rental Income Without Raising Rent

Bay Property Management Group

As a landlord, finding ways to boost rental revenue is always a top priority. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply raising rent. Create a Sense of Community : Everyone is looking for a sense of belonging and home.

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6 Benefits of Owning A Home in Philadelphia

Bay Property Management Group

Rental Income Potential in Philadelphia If you’re an investor, Philadelphia’s rental market has promising opportunities to generate rental income. Furthermore, Philadelphia boasts an average rental yield of 7.89% , making it an attractive option for investors seeking steady returns.

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What Do You Need to Know About Homeowners’ Insurance and Wildfire Coverage?

Beach Front Property Management

These fires often begin due to human activities or natural events like lightning. Renters Insurance While a landlords insurance covers the building, it does not cover residents’ personal property. Landlord Insurance Landlords need a dwelling fire policy to protect rental properties from wildfire damage.

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

Renting out property can be a great way to generate income, but it also comes with potential financial risks. Landlords may face various liability risks, from tenant injuries to property damage claims. Without the right protection, landlords could encounter costly lawsuits and unexpected expenses that threaten their investment.

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What is Coliving in Real Estate: A Guide for Investors

Bay Property Management Group

Lease Arbitrage Model In the lease arbitrage model, an investor leases a property from a landlord and reworks it so people can use it for coliving purposes. Setting up a coliving rental this way lets you scale your business faster, and it costs less than buying a property. This way, every nook and cranny has profit potential.