Property Management News

This article is a continuation from RENT Magazine issue Q3'23.  Built-in Financing To conduct a complete §1031 exchange, a taxpayer must replace the entire value of his/her rental property, including the loan. A new loan can be difficult for retirees. Their current income often is lower than when they originally took out a loan to purchase their property as a residence. Obtaining an investment loan, as opposed to an owner-occupied loan, may be an underwriting challenge. Taking on new debt also may limit one’s ability to qualify for other loans (e.g., to buy a vacation property or boat). In DST programs7, the acquisition loan typically is in place before the first investors... Read more

In the not-so-distant past, landlords had to collect rent through mail or cash. It was a risky endeavor because things get lost in the mail, cash makes you vulnerable to theft, and a host of other factors. Now, with online rent collection, all of that can stay in the past. You no longer have to spend precious time and effort tracking down physical payments and manually inputting payments into accounting systems. Let’s look at three specific ways that online rent collection makes your life easier. Recurring Payments Most methods of online rent collection make it possible for tenants to set up recurring payments. They can set the payment timing and amount all at once, relieving the... Read more