Property Management News

Top 11 Deductions Landlords Should Consider this...

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... Read more

Let's begin with a Gen Z translation: "I love that for you!" = "I am so excited for you!" Maybe it makes you laugh or maybe you do not...

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...

Plumbing problems can quickly turn into a landlord’s worst nightmare, causing inconvenience, property damage, and potential tenant dissatisfaction. Whether you’re a...

Treasury Department Introduces Rule To Crack Down...

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

Renter application fraud has become a growing nuisance for apartment owners like Camden Property Trust, as more and more tenants provide fake documents to sign a lease...

The real estate investment landscape is undergoing a major shift, with co-living spaces rapidly emerging as an innovative new asset class shaping the future of 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...

The Department of Housing and Urban Development (HUD) announced in October 2023 that mortgage lenders may count income from accessory dwelling units (ADUs) when...