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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

If youre new to property management taxes, there could be some big mistakes youre making that could cost you or your owners money. Check out these six property management tax mistakes to see if youre guilty of making themand how to remedy them moving forward. What is a tax credit, you might ask?

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are going to be busy in 2025. According to our 2025 Property Management Industry Report , 91% of property managers we surveyed plan to expand their portfolios in the next two years. But it’s still an essential part of 2025 planning.

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Property management trends: What to prepare for in 2025

Condo Control

Most property management companies and professionals take a bit of time at the end of each year to prepare for new business strategies, goals and trends. While financial challenges persist, property management companies will continue to leverage technology and seasoned staff members to increase revenue and maintain growth rates.

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Run better HOA board meetings: Tips and tools for association managers

Buildium

As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. This position also involves preparing financial reports, managing contracts, and keeping all communication channels open and effective.

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Understanding HOA finances: A practical guide for association managers

Buildium

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year.

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Navigating the Landscape: Discover Multifamily Property for Sale with Expert Insights

American Apartment Owners Association

Financing Options Explore diverse financing avenues, including insights on how to buy a multifamily property with no money down, to kickstart your investment journey. Evaluate traditional financing methods, government-backed loans, and private lending options. Strategic Management Effective property management is vital.

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How do property managers verify income?

MRI Software

When it comes to selecting the right tenant for a rental property, verifying income is a crucial step in ensuring a smooth and successful tenancy. By verifying income, property managers can reduce the risk of late payments, defaults, or evictions, which protects the property’s revenue stream and solidifies budgeting and forecasting.