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Through a late provision added to the tax legislation, the new GOP tax plan signed into law on December 22, 2017, gives landlords and real estate investors the potential for a large tax break. The Tax Cuts and Jobs Act (TCJA) permits landlords to take advantage of a “pass-through” provision intended to benefit limited liability … Continue reading "New Tax Laws Benefit Landlords"
When do you typically pay landlords the rents collected? Why is this important? Remember that the property manager has a fiduciary duty to manage your money. Knowing how long the manager waits between collecting rents and giving them over to you helps with your own business budgeting (because owning rental income properties is a business). … Continue reading "Looking for a Property Manager ? 16 Questions to Ask, Final Installment13-16"
By: Ralph Goodman, Guest Author Home maintenance is a huge responsibility that tenants and landlords have to worry about at some point in time. There are very few things on this earth that are meant to stay in pristine condition forever, and as such, maintenance plays a huge role in determining the longevity of any … Continue reading "Five Signs Your Locks Need To Be Replaced"
10. Do you charge a leasing fee? Why is this important? Many managers simply charge the percentage of rents as their fee regardless of whether or not they have to secure new tenants during the term of their management agreement. Many other managers are willing to charge a lower percentage of collected rents but will … Continue reading "Looking for a Property Manager ? 16 Questions to Ask, Cont. 10-12"