Property Management Blog

Tax season is here, and I know it’s not the most exciting time of year. The good news is you don’t have to dread it. You can save a lot of money by taking advantage of a few key tax tips for landlords. Let me share with you the three best ways to reduce your tax bill this year:1. Take advantage of bonus depreciation. Bonus dep...

Understand your responsibilities when it comes to plumbing repairs.When the toilet drains fail to flush, who’s responsible for having them fixed?A clogged toilet is a household nightmare and probably the last thing you’d ever want to deal with. Imagine rising water levels and a frantic search for plungers. Amidst this flushing...

Three common situations when it makes sense to sell your rental property.When does it make sense to sell your rental property? Owning a rental property can be a rewarding investment, but there may come a time when selling becomes the best course of action. As property managers, we’ve counseled many landlords on what the best course ...

Learn how to handle late rent payments with these three key steps: issuing a notice, sending a pay-or-quit, and taking legal action if necessary.How do you handle a tenant who treats “rent due” like a mere suggestion? If you’re a landlord, sooner or later, you will face the frustrating situation of a tenant who fails to ...

Here are three steps landlords should take to evict any problem tenants.Whether it’s due to non-payment of rent, property damage, or lease violations, the eviction process of a problematic tenant can be complex and time-consuming. However, by following a strategic approach and understanding the legalities involved, landlords can nav...

Learn which insurance clauses are essential for protecting your investment.As a landlord, protecting your investment property is very important. Understanding the key clauses in your landlord insurance policy can help make sure you have the right coverage in place. Here are three key clauses to remember:1. Damage and liability protection....

Leverage your property sales by deferring capital gains taxes with a 1031 exchange, giving you more capital to reinvest in bigger real estate deals.Let’s be honest for a second: you’ve worked hard to build up your real estate investments, but every time you sell a property, you’re getting hit with hefty capital gain...

Learn how proactive maintenance, tenant education, and quality upgrades can minimize repair costs and keep your rental property in top condition.Are you exhausted by the constant repairs eating into your rental property’s profitability? Owning a rental shouldn’t feel like a never-ending cycle of maintenance woes. The good news...

Do you know how to effectively price your rental property? Setting the right rental price is crucial to filling your property quickly without leaving money on the table. In today’s market, tenants are sensitive to price increases, and overpricing can lead to more prolonged vacancies. Here are what you should do to price your rental ...

Are you a landlord striving to maximize your rental income while minimizing headaches? It’s easy to get caught up in the day-to-day management of properties, but overlooking certain aspects can lead to costly mistakes. From inadequate tenant screening to neglecting property maintenance, landlords often make errors that can significa...