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HOW TO COLLECT RENT WITH ZELLE PAY Step 1: Open up the property/unit you wish to set tenant rent reminders for. Step 2: Click on the pencil icon to the right (and down) of the log payment button to edit the current lease. Step 3: Scroll down to the section labeled ‘Email Alerts’. Step 4: Expand the Email Alerts section and set the number of days before the rent’s due, or after the rent is overdue for reminder emails to be A GUIDE TO REFINANCING RENTAL PROPERTY ASSETS For example, the property is worth $200,000 and you have $160,000 left in debt. In this scenario the equation is as follows: 200,000 – 160,000 = 40,000. (40000/ 200000) x 100 = 20%. You can get all the data you need to prove the dependability of your property’s rentalincome from
ALL ABOUT CAPITAL GAINS TAX ON RENTAL The capital gains on this property $500,000 – $240,000 = $260,000. This is then split into two different taxable portions, the capital gains ($260,000 – $100,000 = $160,000) which are taxed at the favorable long-term gain rates, and the depreciation recapture ($100,000) which is taxed at a max of 25%. This article gives afurther detailed
WHAT DOES THE NEW STIMULUS BILL MEAN FOR LANDLORDS The American Rescue Plan (ARP), as it has been called, is President Biden’s new $1.9 trillion stimulus package. This package aims to tackle the growing issue of rent arrears, forgone evictions, and the mounting debt of tenants and landlords. The bill was signed into action by President Biden on Thursday the 11th of March, whichdesignates $25
SHOULD YOU USE QUICKBOOKS FOR RENTAL Using Landlord Studio instead of QuickBooks for your rental property management. Many of the problems experienced by landlords can be made easier (if not solved) with improved organization and the use of better, more tailored software solutions. This can help landlordsstreamline the
A LANDLORD’S GUIDE TO CALIFORNIA RENTAL APPLICATIONS A rental application is a form that allows landlords to screen potential tenants to determine if they are a good fit for a property by asking for a variety of personal information. Rental applications are a vital first step that a landlord must take before following through with a lease agreement. A well-designed, detailed form is avaluable
COLLECT RENT, TRACK INCOME & EXPENSES An end-to-end solution. Streamlined accounting, recurring expenses, bank transaction reconciliation, smart scan receipt, financial reporting and more. Tenants can securely pay their rent directly into your account. It’s fast, easy, and makes late rent payments a problem of the past. LOGIN - LANDLORD STUDIOLANDLORD STUDIO PRICINGLANDLORD STUDIO APPLANDLORD STUDIO REVIEWSLANDLORD STUDIO PROPERTY MANAGEMENTLANDLORD EXPENSE TOOLSLANDLORD REVIEW Welcome to Landlord Studio. Everything you need to successfully manage your properties. Sign in with. Sign in with. 9 ESSENTIAL ITEMS FOR A FIRST TIME LANDLORD'S CHECKLIST This is a guest post by Financial Wolves, a blog about making money with side hustles to help you achieve financial freedom.. Renting out a house for the first time? It’s okay to be nervous. After all, moving is as stressful for landlords as it is for tenants. WHAT DO BIDEN’S TAX PROPOSAL CHANGES MEAN FOR THE 1031 What is a 1031 and how does it currently operate? Broadly defined, a 1031 exchange is a swap of like-kind properties eg. one investment property for another. We explore in more detail what like-kind means further down the article. If you meet the requirements of 1031, you’ll either have no tax or limited tax due at the time of theexchange.
HOW TO COLLECT RENT WITH ZELLE PAY Step 1: Open up the property/unit you wish to set tenant rent reminders for. Step 2: Click on the pencil icon to the right (and down) of the log payment button to edit the current lease. Step 3: Scroll down to the section labeled ‘Email Alerts’. Step 4: Expand the Email Alerts section and set the number of days before the rent’s due, or after the rent is overdue for reminder emails to be A GUIDE TO REFINANCING RENTAL PROPERTY ASSETS For example, the property is worth $200,000 and you have $160,000 left in debt. In this scenario the equation is as follows: 200,000 – 160,000 = 40,000. (40000/ 200000) x 100 = 20%. You can get all the data you need to prove the dependability of your property’s rentalincome from
ALL ABOUT CAPITAL GAINS TAX ON RENTAL The capital gains on this property $500,000 – $240,000 = $260,000. This is then split into two different taxable portions, the capital gains ($260,000 – $100,000 = $160,000) which are taxed at the favorable long-term gain rates, and the depreciation recapture ($100,000) which is taxed at a max of 25%. This article gives afurther detailed
WHAT DOES THE NEW STIMULUS BILL MEAN FOR LANDLORDS The American Rescue Plan (ARP), as it has been called, is President Biden’s new $1.9 trillion stimulus package. This package aims to tackle the growing issue of rent arrears, forgone evictions, and the mounting debt of tenants and landlords. The bill was signed into action by President Biden on Thursday the 11th of March, whichdesignates $25
SHOULD YOU USE QUICKBOOKS FOR RENTAL Using Landlord Studio instead of QuickBooks for your rental property management. Many of the problems experienced by landlords can be made easier (if not solved) with improved organization and the use of better, more tailored software solutions. This can help landlordsstreamline the
A LANDLORD’S GUIDE TO CALIFORNIA RENTAL APPLICATIONS A rental application is a form that allows landlords to screen potential tenants to determine if they are a good fit for a property by asking for a variety of personal information. Rental applications are a vital first step that a landlord must take before following through with a lease agreement. A well-designed, detailed form is avaluable
PROS AND CONS OF ONLINE RENT COLLECTION Collecting rent isn’t always straightforward. Having the right processes in place and utilizing the right tools can help you optimize your rent collection process so that you avoid late or missed rent payments while simultaneously saving you time.. In this article, we look at the pros and cons of collecting rent online vs. more traditional methods like cash or check. 10 LANDLORD-TENANT LAWS EVERY LANDLORD NEEDS TO KNOW 10 Important Landlord-Tenant Laws 1. Discrimination and The Fair Housing Act. Whether you are advertising your property, screening new tenants, or setting apartment rules, make sure that you are in compliance with Fair Housing laws and that all actions or policies apply to everyone (with supporting documentation), and cannot be construed as affecting some people but not others. TRACKING EXPENSES FOR RENTAL PROPERTIES Conclusion. Start saving time and take every possible deduction by tracking your rental property expenses in Landlord Studio. Like recording rent or screening tenants, our expense tracking is a key feature used by thousands of landlords around the WHAT DO BIDEN’S TAX PROPOSAL CHANGES MEAN FOR THE 1031 What is a 1031 and how does it currently operate? Broadly defined, a 1031 exchange is a swap of like-kind properties eg. one investment property for another. We explore in more detail what like-kind means further down the article. If you meet the requirements of 1031, you’ll either have no tax or limited tax due at the time of theexchange.
A GUIDE TO MANAGING SHORT TERM RENTALS A Few Disadvantages Compared to The Long Term Higher Vacancy Rates One of the major disadvantages, something that makes some properties entirely unsuitable to be short term rentals, is the increased vacancy rates that come with rentals. THE BEST WAY TO COLLECT RENT PAYMENTS FROM YOUR TENANTS 1. Landlord Studio. You can now use Landlord Studio to collect rent online! Landlord Studio’s Online Rent Collection feature is designed specifically for use by landlords. It allows you to automate the entire rent collection process and manage all your rental property income and expenses in one place. DEALING WITH PARTIAL RENT PAYMENTS FROM YOUR TENANT Partial Rent vs. Late Rent. If a tenant only pays part of the rent it still means that months’ rent is late, and as they are late, you are within your rights to begin the eviction proceedings after the grace period.It’s worth noting that in some states if you have already filed for eviction, then you should not accept partial payments as some states will make you restart the eviction RENTING OUT A ROOM IN YOUR HOUSE: A LANDLORD’S GUIDE Renting out a room in your house can be a good way to generate extra income and help cover the mortgage. But as with managing any kind of rental property or space, if you want to be successful and avoid issues which may make the debacle more effort than it’s worth, it’s important to approach renting out a room in your house with theright mindset.
11 ESSENTIAL TIPS FOR MANAGING PROPERTIES REMOTELY The Downsides of Hiring a Property Management Company Cost . Right off the bat, a property management company is going to cost you. And they’re expensive, as a baseline, expect to pay a typical residential property management firm between 8 HOW TO FIND (AND KEEP) THE BEST TENANTS: THE ULTIMATE Impress Prospective Tenants Upgrade your property. To attract the very best tenants you want to have a property that will actually attract tenants.. What we mean by that is simply, that a run-down apartment with peeling paint, old carpets, or appliances that look like they might explode at any moment probably isn’t going to entice someone in the same way as a freshly painted one, with new* Pricing
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WE SIMPLIFY RENTAL ACCOUNTING AND MANAGEMENT FOR DIY LANDLORDS Automate your property management and make your rental income and expense tracking faster, easier, and more accurate.Start Free Trial
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MANAGING YOUR RENTALS. Landlord Studio pairs award-winning income and expense tracking tools with time-saving automation as a simple solution for landlords.Try For Free
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