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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. What Counts as Rental Income? Rental income includes all the payments you receive from tenants.

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Loss of rental income insurance: Essential coverage for every landlord

MRI Software

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. So, what happens when an unexpected event, like a fire or storm, leaves your property temporarily uninhabitable and your rental income at risk?

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Hosting 301: Airbnb as a Business

MaidThis

Why Turn Your STR Property into a Business There are several reasons to turn your Airbnb into a full-time gig. First, its a great way to increase your rental income. Depending on your budget, one option is to hire a property manager or use property management software.

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The comprehensive guide to multifamily property insurance

MRI Software

Multifamily property insurance is your first line of defense, covering everything from physical damage to liability claims and lost rental income. It’s not just about covering the building itself—this insurance also provides liability protection in case someone gets injured on your property.

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Increasing multifamily occupancy rates: Effective ways to boost tenant numbers in apartments

MRI Software

High occupancy rates are essential for steady rental income and increasing your property values. Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. This steady income helps you manage maintenance, utilities, and staff salaries effectively.

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Airbnb Hosting Services: Getting Help with Managing Your Rental

Hospitable

Have conversations with your guests even when you sleep We will detect and answer questions on your behalf, send fully custom messages triggered by events, and much more! But hiring a property manager also means giving up full control over your property's daily operations. Discover now!

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Landlord’s guide to residential insurance: Key elements for protecting your residential properties

MRI Software

Landlord residential insurance is a policy designed to protect property owners who rent out their homes. It covers risks like damage to the building, loss of rental income, and liabilities if someone is injured on the property. Depending on your property and location, you might want additional coverage.