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Spring Flooding at My Rental Property

Rentec Direct

With areas experiencing flooding already this season, you may be wondering… Do I have to worry about flooding at my rental property? Dive into what you need to know as a landlord and property […] The post Spring Flooding at My Rental Property appeared first on Rentec Direct Blog.

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Understanding and managing rental property maintenance emergencies—before it’s too late

Buildium

Identifying Common Types of Maintenance Emergencies A rental property maintenance emergency is any situation that requires immediate action to prevent extensive property damage and keep tenants safe. Understanding the various types of maintenance emergencies is the first step in managing them effectively.

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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

What happens if someone gets hurt on your rental property? Main Takeaways If someone gets hurt on your property because of something you did or failed to do, you could be legally and financially liable. In the meantime, your tenant’s renter’s insurance can help cover the costs.

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Don’t get caught off-guard: Forecasting tips for on-time, on-budget rental property maintenance

Buildium

Whether you’re new to forecasting rental property maintenance costs or simply looking to improve, this guide has you covered. Property Condition: A property’s maintenance history plays a big role in its repair needs. Seasonal and Weather Considerations Of course, local climate also plays a role.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. It is recommended that you to guide you through the bewildering process.

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Can You Deduct Your Own Labor on a Rental Property, Answered

Bay Property Management Group

Owning a rental property often means wearing many hatslandlord, accountant, and sometimes even handyman. So, if youre taking care of repairs yourself, can you deduct the cost of your own labor on a rental property? So, normally, you can deduct labor costs when you hire someone to work on your rental property.

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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. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. What Counts as Rental Income? Heres a quick breakdown of those definitions.