Property Management News
As the deadline for filing your taxes approaches, it’s crucial to ensure that you are well-prepared and organized. Here are four important actions to take before April’s tax filing deadline: Gather and Organize Your Tax Documents The first step in preparing for the tax filing deadline is to gather all the necessary documents. This includes W-2 forms from employers, 1099 forms from banks and other payers, receipts for deductible expenses, and any other relevant paperwork. Organizing these documents will streamline the filing process and help you avoid last-minute scrambling. Consider the Option of Filing for an Extension If you anticipate that you won’t be able to file... Read more
In People vs. Commons West, LLC, the Cortland County New York Supreme Court ruled the New York Source of Income Antidiscrimination statute (“SOIA”) to be...
As a landlord or property manager, understanding the intricacies of smoking policies in rental properties is crucial. This comprehensive guide dives into the...
Have you filed your taxes yet? If not, read on — April has a tendency to sneak up on even the savviest of taxpayers, and there are several important dates you should...
No, landlords are typically not permitted to live with their tenants due to privacy concerns and the potential for legal liability. Living arrangements between...
We’re well into tax season now, and that means it’s time to start prepping those tax returns. While it’s typically not a fun task, there’s actually a silver lining this year: Many taxpayers can expect higher-than-average refunds. There are several reasons, but adjustments to federal tax brackets, larger standard deductions, higher interest rates and other factors all play a role. “Inflation is actually helping taxpayers when it comes to their taxes,” says Lawrence Sprung, a certified financial planner and founder of Mitlin Financial. “The standard deduction, which is used by most, saw a significant increase for 2023. Tax brackets also saw a... Read more
A landlord can take legal action if tenants are being noisy. Living in close proximity with noisy neighbors can be a major annoyance for both homeowners and tenants. As...
Navigating the complexities of property management includes dealing with fair housing claims, a task that becomes even more challenging when a claim of retaliation is...
In most states, landlords are required to give tenants 30-60 days’ written notice before selling their rental property. This is to allow tenants sufficient time to...
If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the...
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