article thumbnail

Top 10 property management tax deductions for 2025

Buildium

Property managers are engaged in a service business, which means theyre entitled to the full array of business-related tax deductions. Property management tax deductions can really add up. So what else can property managers deduct from their taxes? You cant deduct personal expenses.

article thumbnail

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. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Is a Service Contract in Real Estate?

Bay Property Management Group

In this guide, well break down why service contracts matter, the types youll likely come across, what they usually include, and the slip-ups landlords often make when managing them. Main Takeaways What are service contracts in real estate? But why do you need service contracts in the first place? Lets get into it.

article thumbnail

The Essential Guide to Insulating Your Rental Property

Real Property Management Chicago

In addition, rental properties with adequate insulation contribute to the maintenance of consistent indoor temperatures, thereby ensuring that tenants receive year-round comfort. The correlation between insulation and reduced energy costs underscores the criticality of this feature in rental properties.

article thumbnail

Choosing The Right Manager For Your Airbnb Property

AirKeeper

Managing a short-term rental property can be an exciting way to boost rental income, but it comes with its share of challenges. For many property owners, balancing all the work involved, including guest communication, property maintenance, marketing, and pricing strategies is overwhelming.

article thumbnail

Choosing The Right Manager For Your Airbnb Property

AirKeeper

Managing a short-term rental property can be an exciting way to boost rental income, but it comes with its share of challenges. For many property owners, balancing all the work involved, including guest communication, property maintenance, marketing, and pricing strategies is overwhelming.

article thumbnail

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

RL Property Management

From Idea to Industry Leader A little over twelve years ago, RL Property Management was just an idea. No clients, no license, and no formal experience in property management, just two founders in an apartment with a shared belief: we could build something better. We believe property managers shouldnt profit from tenant turnover.