Property Management News
As a new year approaches, it can only mean one thing (besides a sudden spike in gym memberships); we’re that much closer to tax season. And whether you’re dreading it or looking forward to it (hello, tax returns!), you want to try to keep as much money in your pocket as possible this year. On the plus side, it’s nice to know that landlords have plenty of tax deductions to take advantage of. Some deductions are fairly straightforward, and others much more complex, but they’re generally worth the effort you put in to qualify for them, especially if money is flowing out the door in other ways. Here are eleven deductions to consider in 2024: 1. Professional Service Fees If you paid... Read more
A landlord can terminate a Section 8 lease if there is just cause. A Section 8 lease is a contract between a landlord and a tenant who receives rental assistance...
There seems to be quite a bit of confusion on the part of landlords and renters alike as to the difference between a security deposit and a move-in fee. The biggest...
New York City’s legislation amending the New York City Human Rights Law, Local Law 61 of 2023, prohibits discrimination based on a person’s height or weight in...
The Los Angeles County Board of Supervisors Tuesday approved a suite of new regulations on short-term rentals located in unincorporated areas. The board voted...
The U.S. Treasury Department’s financial crimes unit proposed a long-awaited draft rule Wednesday aimed at stemming the tide of illegal cash funneled through real estate. The Financial Crimes Enforcement Network’s plan, to be published Feb. 16, would require real estate professionals involved in all-cash residential real estate transactions to flag suspicious activity. Treasury Secretary Janet Yellen last year estimated that criminals laundered $2.3B through U.S. real estate between 2015 and 2020, Reuters reports. Rules for financial institutions to report suspicious activity to regulators have been in place for years, but cash real estate transactions have... Read more
A tenant can be evicted when they violate the terms of their lease agreement. This can include non-payment of rent or engaging in illegal activities on the...
Of all the advantages that are offered by REI, one component that is missing is the ability to either defer taxes (traditional retirement account) or pay them up front...
Changes involving housing laws will come to California in the new year, but not all of them will go into effect at the same time. Gov. Gavin Newsom signed bills into...
Rather than getting the courts to resolve tenant disputes, you might consider other, less arduous, alternatives to eviction. Whether your goal is to get your tenant to...
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