Property Management News
You may not be thinking about your tax return right now, but summer is a great time to start planning for next year. Organized records not only make preparing your return easier, but may also remind you of relevant transactions, help you prepare a response if you receive an IRS notice, or substantiate items on your return if you are selected for an audit. Here are a few things the IRS wants you to know about recordkeeping: 1. In most cases, the IRS does not require you to keep records in any special manner. Generally, you should keep any and all documents that may have an impact on your federal tax return. Its a good idea to have a designated place for tax documents and receipts. 2.... Read more
A Worcester, Massachusetts landlord has agreed to settle a legal claim brought after he failed to respond to complaints by African American tenants that they were being...
As homeowners across the East Coast struggle to recover from Hurricane Irene and heavy rains continue to all, the current threat underscores the importance of flood...
A Toledo, Ohio landlord accused of reckless homicide in the deaths of four tenants entered a plea of “no contest”–an admission of the truth of the...
HUD is charging a housing cooperative in the Bronx, and two of its employees, with violating the Fair Housing Act after they denied a disabled mans request for an...
by Drew DeMasters Three common mistakes often trip up landlords. But if you find yourself caught in one of these, theres hope! Mistake #1 “ Not protecting yourself Do you have an iron-clad credit check, background check and rental agreement that you put all applicants and new residents through? If not, stop reading right now and go to a reputable site to download the forms and sign up for tenant screening services. Whether youve just bought your first rental property or own 20 houses, you have to protect yourself. Everything else pales by comparison! You want to ˜stack the deck in your favor of finding, keeping and making more money with great residents in your properties. And dont skip... Read more
With job numbers and economic growth weaker than expected, vacancy rates are flat and projections are moderated. But modest improvements are expected over the coming...
by Mike Butler Just like computers crashing, tenants dealing dope is simply a matter of when it will happen and not if it happens. There are no boundaries. Although the...
With colleges gearing up for the fall semester, and the economy forcing more renters to pair up and share housing costs, it’s safe to say that roommates are a...
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 8.44 percent of all loans outstanding as of...
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