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10 Great Reasons to Have A Property Manager
When you hire a professional property management company, you save time, money, and lots of hassles. They can handle all aspects of your properties daily operations, legal aspects, and transactions, ensuring efficient management. There are many things you should know about such a service. 1. They screen the tenants Every property owner wants to ensure…
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Tax Deductions Available for Rental Property Owners
Owning property is a huge part of the American dream, and at times it seems the IRS is trying to reward such behavior. In this article, I review the best federal tax deductions available to rental property owners in the United States. What Qualifies as an Expense? There are two types of expenses: Current Expenses…
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Thinking About Becoming a Landlord? Avoid These 6 Rookie Mistakes
Putting your property up for rent can be tricky. Here’s how to sidestep six of the most common blunders. Ever considered becoming a landlord? There are plenty of reasons you might. For some, it’s the temptation to scoop up a cheap property before the last of the deals vanish. Or maybe you’re like the 39%…
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HUD ISSUES NEW GUIDANCE ON FAIR HOUSING PROTECTIONS FOR PEOPLE WITH LIMITED ENGLISH PROFICIENCY
WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today issued “Limited English Proficiency” (LEP) guidance that addresses how the Fair Housing Act would apply to claims of housing discrimination brought by people because they do not speak, read, or write English proficiently. More than 25 million people in the United States do…
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Single Family Rentals: What Does the Future Look Like?
In June, the NRHC and Green Street Advisors’ Advisory and Consulting Group together published an in-depth research paper packed with stats that illuminate the current market for home rentals and projections for the coming years. Their findings should be of interest (and quite encouraging) to people in the business of renting single family properties. In…
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Recent Analysis Shows Many Big-City Renters that Earn Enough to Buy, Prefer Convenience of Renting
SEATTLE, WA – Across the country’s largest rental markets, almost 14 percent of on-market renters have strong credit scores, relatively high incomes and could afford to buy the median home in their market. As the homeownership rate has declined over the past decade, a broader socio-economic swath of Americans are renting than at any time in…
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Skills All Property Managers Need
The best property managers know how to apply a broad skillset to the unique situations they encounter. They move with ease into situations that require strong communication, negotiation, customer service, and organizational skills. Property managers also have the ability to manage more tangible property-related concerns, such as maintenance and repair issues. Here are five essential…
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Costco Coming to TC!
By this time next year, two major anticipated new retailers – Costco and Lucky’s Market – aim to welcome shoppers through their doors in Traverse City. The Ticker has the latest updates on both projects. Costco Cherry Capital Airport officials will appear before Grand Traverse County commissioners Wednesday to obtain new agreements that will allow…
Rental Management One 