Most people are not born with the skills and knowledge to manage their own property. When you’re a landlord, you’re in charge of many things (including people’s safety) and have to wear many hats when it comes to running your rental business. As if being a landlord wasn’t already challenging enough, there’s always something else…
Avoiding costly repairs is one of the most critical aspects of maximizing returns for your Jacksonville Fl rental property. A broken pipe and severe water damage can happen at any time and without warning. However, there are several preventative measures that professional property managers recommend for avoiding these types of emergency repairs. What can landlords do…
Owning rental real estate puts a different type of burden on you when it comes to tax time. Real estate rental income will impact state and federal taxes. Tax rules require property owners to report rental income on their tax returns. The good thing, though, is that you can also deduct certain expenses to help counter the…
Pet screening can be a difficult subject to talk about, but it’s important for property owners to understand the best ways of allowing pets in rentals—and what it can do for your income! It can be distressing for an applicant to have to answer questions about their dog, cat, or chinchilla and provide paperwork to…