If you’re a landlord or property manager, handling emergency repairs is part of the job. But in the chaos of a busted pipe or water leak, it’s easy to make a costly mistake especially when calling in remediation companies. These firms offer critical emergency services, often during off-hours or in the wake of disasters, but…
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During tax time, if you’re a landlord, it’s important to be prepared. Rental income must be properly reported, and maximizing deductions can significantly impact your bottom line. Whether you’re managing one property or a portfolio, understanding the key forms and financial documents is essential to filing correctly and efficiently. Start With the Right Tax Form…
In property management, cost control is essential. Whether you’re managing a portfolio of rentals or just a few properties, margins can be tight. One of the most effective ways to improve operational efficiency and reduce overhead is by implementing tenant led inspections. This approach not only saves time and money but also empowers tenants to…
In the past two years, many homebuyers took advantage of rate buydowns a strategy that lowered their mortgage interest rate temporarily in exchange for an upfront cost. These buydowns were promoted widely with the expectation that mortgage rates would decline in the near future, allowing homeowners to refinance into a lower fixed rate. But that’s…
With soaring construction costs and tightening margins, traditional multifamily development is becoming increasingly difficult to justify even under the best of circumstances. In fact, some industry insiders suggest in today’s market that even if the land were free, developing new apartment projects still wouldn’t pencil out. This article offers insights into one innovative approach that…