Are Property Management Fees and Expenses Tax Deductible?

Real estate is one of the best-paying investments. It offers several advantages including:

  • property appreciates in value over time along with rental incomeproperty management
  • it can be a good source of passive income because daily or hands-on property management is not consistently required
  • overhead expenses are low compared to returns
  • housing is always in demand regardless of the state of the economy
  • it is an investment that can be inherited by beneficiaries who can keep earning income

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How to Collect Delinquent Condo Association Fees

Condo association fees help pay for the upkeep of community spaces and siding/roofing. The condo associationlist of services can vary widely and include everything from the doorman’s salary to pool maintenance, security and landscaping. With everyone’s money pooled together, the condo association can effectively maintain the property.

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