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Tax accounting for rental property management: What landlords should know

Buildium

Operating Expenses Operating expenses are the costs of maintaining and managing your rental property. Depreciation Depreciation is a tax deduction that accounts for the wear and tear on your property over time. Not Keeping Up with Tax Law Changes Tax laws change frequently, and staying updated is important.

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Questions To Ask During Your Apartment Tour

Bay Property Management Group

Key questions should focus on maintenance policies, guest parking options, safety measures, and the building’s history to ensure there are no surprises after moving in. Additionally, inquire about renters insurance requirements, potential rent increases, and pest control policies to avoid unexpected expenses and inconveniences.

Apartment 130
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HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.

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What Is Phrogging in Real Estate?

Bay Property Management Group

As our rental property management in Northern Virginia can tell you, phrogging is a real problem. Phrogging (pronounced as frogging ) happens when someone trespasses onto your property and hides out on it. If you need to involve authorities, file an insurance claim, or go to court, you might need those documents.

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How to Manage a Short-Term Rental Property

AirKeeper

Maintenance and Housekeeping Regular maintenance and housekeeping are vital for keeping your short-term rental property in top condition. Ensure the property is thoroughly cleaned between each guest stay, paying special attention to high-touch areas like kitchens and bathrooms.

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Balancing the Books: Financial Planning Essentials for Property Managers

Real Property Management DC Metro

From here on, we’ll take a closer look at the principal elements of financial planning for rental property managers, including budgeting, forecasting, cash flow management, and the role of technology. Managing Cash Flow Effectively Trouble-free property management only works when there is good cash flow.

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Balancing the Books: Financial Planning Essentials for Property Managers

Real Property Management California Coast

From here onwards, we’ll take a closer look at the basic elements of financial planning for rental property managers, involving budgeting, forecasting, cash flow management, and the role of technology. Managing Cash Flow Effectively Trouble-free property management only works when there is good cash flow.