Property Management Tip Rental Property Insurance Cost Reduction, property management, property management software, pay rent, pay rent online, online rent payment, property manager, landlord, tenant, real estate tax tips
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- Preventable Horror Story – Lesson from a Disaster for Tenant, Landlord, Property Manager, Property Management Company A 63-year-old Oklahoma woman had moved into her apartment and had been living in it for six months. About 3 weeks ago, she heard a huge noise. A pipe burst in the ceiling of her rented apartment, causing damage to her furniture and other household stuff. She has had to......
- 9 Tips for Property Managers, Landlords to Reduce Insurance Costs Property Managers, Landlords and Property Management Companies can save hundreds of dollars insurance costs as the prices for insurance varies depending upon the company. Consider the following 9 tips when buying real estate property insurance. 1. Shop Around – Check with your apartment association, friends or online quote services. Get......
- Tip for Property Managers, Landlords to Reduce Headache after Disaster Property Managers, Landlords and Property Management Companies can reduce their headaches after a disaster by educating tenants about their financial responsibility. Most tenants are not aware that if there is a fire, theft or other catastrophe, property owner does not have any financial responsibility. Landlord policies do not cover the......
- What Not to Deduct as an Insurance Expense Not all insurance costs can be deducted as a rental income expense, like some private mortgage insurance, or credit life insurance. Some insurance costs get added back to the basis for depreciation, like Title Insurance, which is found on line 1108 of the property’s settlement statement.......
- Deductible Insurance Expenses You can deduct most types of insurance that deal with your rental property, like Homeowner’s Insurance, Casualty Insurance, and Private Mortgage Insurance. Other common expenses include coverage for fire, theft, flood, and liability. If you have employees, you can even deduct the cost of their health and workers’ compensation insurance.......
