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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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Long Beach Real Estate: Hidden Gems for Property Investors

Beach Front Property Management

Investing in Long Beach real estate provides the opportunity for long-term appreciation, consistent rental income, and access to a thriving metropolitan area. High Rental Demand With a growing population and a high percentage of residents, Long Beach offers a strong rental market.

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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. Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. This article discusses doable tactics that will help you save vacancies, maintain satisfied tenants, and maximize rental income.

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What is Coliving in Real Estate: A Guide for Investors

Bay Property Management Group

Unlike regular rentals, coliving usually comes with short-term lease options. The monthly rent often covers everything, like utilities, Wi-Fi, cleaning, and access to shared spaces. In turn, the investor rents out individual rooms to generate revenue. Coliving vs. Traditional Renting: Which is Better?

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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. As of 2024, the average monthly rent in Philadelphia is approximately $1,625.

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ADU Insurance: What All You Need to Know

Beach Front Property Management

Accessory Dwelling Units (ADUs) are growing in popularity as they offer homeowners opportunities for rental income, additional living space, and flexible housing solutions. Understanding ADU Insurance ADU insurance protects homeowners by addressing the unique risks of owning or renting out accessory dwelling units.

Insurance 147
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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. Landlord Insurance Landlords need a dwelling fire policy to protect rental properties from wildfire damage. This policy covers the structure of the rental property, repair or rebuilding costs, and lost rental income if the property becomes uninhabitable.

Insurance 147