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What Is a Service Contract in Real Estate?

Bay Property Management Group

Theres a lot that goes into being a successful landlord. One key piece is the service contract. The term might sound a little vague, and you may be wondering: What exactly is a service contract in real estate? Main Takeaways What are service contracts in real estate? Why Do Landlords and Investors Need Service Contracts?

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Multifamily property lease audits: Best practices for landlords

MRI Software

They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. What is the purpose of lease audits?

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The Essential Guide to Insulating Your Rental Property

Real Property Management Chicago

Proper insulation can lower energy costs by up to 20%, , according to studies, which means that both tenants and landlords can save a lot of money. Through the examination of utility bills over time, landlords can find inefficiencies and pinpoint areas where significant cost savings from insulation modifications can be realized.

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Tax Deductions for Landlords

Authority Property Management

Take Advantage of Your Tax Deductions as a Landlord Every year we are required to file taxes, and every year, too many landlords pay more taxes than they have to on their rental property income, all because they simply do not take advantage of the tax deductions that are available to them as landlords.

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California Preparing for Move-In, Move-Out Documentation Law

Rental Housing Journal

California is preparing for new move-in, move-out documentation law that requires landlords take photos of rental units before and after a tenant moves in. The new documentation law requires landlords to take photos of rental units before and after a tenant moves in.

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

Buildium

You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business. 1099 Requirements for Property Owners If you own the property you are managing (a private landlord), you do not need to file a 1099 for any work related to that property.

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12 Years of RL Property Management: Lessons, Milestones, & What It Took to Get Here

RL Property Management

Whether youre a seasoned investor, an accidental landlord, or just curious about what it really takes to run a property management company in Columbus, we hope this offers value (and maybe a few insights to shortcut your own journey). Just reliable, professional service and clear communication. What principles helped us scale?

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