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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.

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How to Manage a Short-Term Rental Property

AirKeeper

Owning a short-term rental property can offer lucrative opportunities but comes with its own set of challenges. From attracting guests to maintaining high standards of service, effective management is crucial for success. Ensure you comply with tax obligations, such as tourism levies or income taxes related to rental income.

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Questions To Ask During Your Apartment Tour

Bay Property Management Group

Additionally, inquire about renters insurance requirements, potential rent increases, and pest control policies to avoid unexpected expenses and inconveniences. Are repairs your responsibility, or does the management cover them? Is Renters Insurance Required? How Are Maintenance Requests Handled?

Apartment 130
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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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HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

In this article, we’ll explore the significant benefits of regular HVAC maintenance for single-family rental properties and provide a few statistics that highlight the impact. For owners of multiple single-family rental properties, these unexpected costs can add up quickly.

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Can Tenants Get The Boot When Smoking In Apartments?

Rental Choice

Tobacco is generally legal and federal regulations do not restrict its use in private rental property. However, some states and cities do have regulations restricting smoking in all rental properties, including single-family residences. However, it may also breach their duty to keep rentals habitable.

Apartment 130
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13 Most Asked Questions By Rental Property Owners

Real Property Management Choice

If you run a rental property, you might face several challenges regarding it daily. We are here to answer some common questions property owners often ask, and you may be one of them. You can also call a Real Property Management service to get solutions to your problems. So keep reading this article to learn more.