Property Management News
An Indianapolis man was sentenced to 41 months in prison for his role in a scheme to defraud real estate investors, Acting U.S. Attorney Vikas Khanna announced. Herbert Whalen, a/k/a “Bert Whalen,” 50, of Indianapolis, Indiana, previously pleaded guilty in Newark federal court to conspiracy to commit wire fraud for his role in a multi-million dollar real estate investment scheme that took place in Indiana and New Jersey. Judge Madeline Cox Arleo imposed the sentence today in Newark federal court. According to documents filed in this case and statements made in court: From August 2016 to July 2018, Whalen, who operated Oceanpointe Property Management in Indianapolis, engaged in a... Read more
Tenant screening is one of the most important steps you can take as a landlord or property manager to ensure you rent to reliable, trustworthy individuals. However, with...
Uncover the tax benefits in multifamily real estate investing by utilizing depreciation deductions to reduce taxable income and mortgage interest deductions to lower...
There are few things that the entire real estate industry can agree on, but one is that rent control is bad for business. Restricting how much a landlord can...
Tax season is upon us, and understanding real estate taxes for landlords, investors, and property managers is essential. As with any business, taxes can play a big role...
Many landlords ask, ‘is rental income taxable?’ Whether you’re renting out one property or several, understanding taxes is crucial for your business’s health. In this article, we’ll cover the core tax tips every landlord should know—from what counts as rental income to how to track your expenses and deductions. These tips will help you handle tax season with less stress and keep more of your money in your pocket. Read below to learn more! Is Rental Income Taxable? As property management in Baltimore can tell you, renting out a property is a business. After all, you’re managing tenants, maintaining the property, and, of course, getting income. As such, just like any other... Read more
If you’re investing passively in multifamily real estate, you’re already familiar with “K-1s,” multistate filing requirements, and very likely aware of the...
In property management, ensuring a safe and respectful living environment isn’t just about reacting to problems—it’s about preventing them before they...
Investors, property owners, and developers that are involved in affordable housing were doubtless glad to hear of the Department of Housing and Urban Development’s...
Understanding multifamily real estate tax implications involves grasping taxable rental income, capital gains, and depreciation deductions which impact tax rates....
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