Property Management News
The Big Picture On Can Landlords Charge Tenants to Replace the Carpets: Carpets are subject to normal wear and tear, and landlords need to consider this as an eventual expense. However, tenants can also cause damage to carpets. Landlords should know the difference between wear and tear and damage in order to know when to charge tenants to replace carpets. If it’s established that the tenant is liable to pay for damages, landlords must follow a step-by-step process to ensure that their claim is respected by any court. Landlords are advised to familiarize themselves with their state’s specific laws regarding security deposits and tenant charges to avoid legal issues and ensure they... Read more
When pandemic-era tenant protections expired, rents immediately soared, and eviction filings surged last year more than 50% over pre-pandemic levels in some U.S....
A landlord can terminate a Section 8 lease if there is just cause. A Section 8 lease is a contract between a landlord and a tenant who receives rental assistance...
Price is usually a renter’s top priority when considering a lease renewal. Most tenants will renew if rent stays the same, but significant increases often prompt...
Landlords across New York state will soon be required to notify tenants when bedbugs have infested their building. Gov. Kathy Hochul signed a bill on Friday that...
A 1031 exchange offers a powerful tax-deferral strategy for investors in multifamily real estate. By leveraging this tool, you can defer capital gains taxes and reinvest in larger or more lucrative properties. Here’s everything you need to know to make the most of 1031 exchanges in multifamily real estate investing. What is a 1031 Exchange in Real Estate? A 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, allows real estate investors to defer paying capital gains taxes when they sell a property and reinvest the proceeds into a “like-kind” property. This is particularly advantageous for multifamily real estate investors looking to upgrade or expand their... Read more
Key Takeaways The IRS has updated its tax brackets, standard deduction, and other items for the 2025 tax year. Dollar values have been adjusted to reflect inflation,...
In the ever-evolving world of real estate investing, staying informed about tax strategies that can enhance your returns is crucial. One such strategy is bonus...
Before Jonathan Gould lost everything in Pride of Austin’s alleged Ponzi scheme, he thought he’d built a $1 million nest egg. Instead his money disappeared, along...
The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters. In New York City, unlike nearly every...
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