Property Management News
Owning rental property can be a very lucrative investment. However, there may be some aspects of this business venture that may seem a bit overwhelming at times. Many successful landlords and property owners operate their rentals as a business. And like any business owner, you might be wondering if you should create an LLC for your company. There is no one-size-fits-all answer to this situation. Whether or not you should create an LLC for rental property is determined by a number of different factors. We have been helping people manage their rental properties by providing insight and reviews of the best rental property management software on the market. Here, we want to help give you a... Read more
NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022...
When you manage a real estate portfolio of any scale, keeping accurate records is a must – especially when it comes to tax time. It’s no secret that top-notch...
If you’re looking for a less risky and more long-term investment to make you real money, you may want to consider real estate. There are many reasons why real...
Key Takeaways Property taxes fund schools, fire departments, libraries and other municipal services. Your tax assessment is based on the estimated market value of...
LLCs are fast becoming a preferred entity type for investing in and holding real estate. Here are the advantages they confer—and the disadvantages. Limited liability companies have become one of the most popular business entities for acquiring real estate. Owners often prefer to form an LLC when purchasing real estate—or when transferring titles—so that the LLC becomes the legal owner of record, rather than the individual members. Here are the pros and cons of forming an LLC for real estate investments. Pros 1. Avoiding personal liability This is the major advantage of an LLC. You want the best option for limiting your personal liability should an unforeseen circumstance... Read more
Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming. It is crucial for real estate...
What’s the tax bite when you own—or sell—a rental property? Whether you already own a rental property or are thinking about buying your first investment, it’s...
If you’re a landlord, some states may require you to provide rent receipts to your tenants. In addition to helping landlords keep meticulous records, these...
While there are financial benefits to investing in rental property, there are risks—tenants who don’t pay their rent and the headache of being a landlord—as...
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