Understanding where premiums (and discounts) exist for a certain floor plan can improve your short-term operating income and help you evaluate investment opportunities. In a recent blog post I provided suggestions to help you [...]
Do you issue 1099-Misc forms to foreign citizen clients who own rental property? It’s time to stop! The IRS penalizes property managers who don’t file form 1042-S to report rental income collected for foreign [...]
This has been a confusing subject for most, thanks to the complicated IRS rules. Here is the simple explanation of what you as a property manager must do when you issue a 1099 to [...]
A master key may not be what you might think that it is! It’s not a special key that will open every lock. It is simply a second key that will open specific locks [...]
How many times have you read in the news of bookkeepers or others in charge of company funds embezzling money for years without being caught? We need to have a sense of trusting those [...]
So, you’re planning to start a property management business! One of the most important decisions you’ll make right away is choosing a type of business structure. Will you be a sole proprietorship, an S-Corporation [...]
In recent years, the likelihood of becoming a victim has increased from 1 in 15 to 1 in 3. According to the FTC, of the 2 million plus complaints they had in 2012, 70% [...]
Most experienced property managers probably know the difference between a war story and a fairy tale, but for those of you that don’t… Fairy tales start out with “Once about a time” and war [...]
