Screening tenants will help property managers avoid problem tenants and comply with Fair Housing Laws. Using objective criteria and performing a background check, including a credit history, criminal background, and past landlord check, are key.
Security deposits are negotiated between property managers and tenants, within the limits of state or local laws. Here’s what property managers of residential and commercial properties need to know.
Contract-shop owners now face more regulation, laws and enforcement from the federal government when it comes to reporting earnings and paying taxes. But guidelines and best practices can reduce fears of the IRS.
Hiring employees who may be called to active military duty is a service to our nation. But contract-shop owners need to be aware of laws that protect these workers’ job rights.
Performing basic background and credit checks can help eliminate problem tenants, but four out of 10 landlords still don't screen applicants. Taking a few measures to ensure you’re leasing to quality individuals could make things easier.
Integrating automated payments from direct debits from bank accounts or credit card payments with your property management software streamlines rent collection.
A property manager’s revenue stream comes from rent. And turning over the property can eat into that. Planning and preparing for needed repairs or upgrades can help make short work of the projects.
Considerable tax savings may be found in an independent contractor’s equipment shed, or within his or her family. Take advantage of IRS-approved procedures and practices that can reduce your tax burden.
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