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When Is the Last Time You Raised the Rent?

Authority Property Management

Administrative Effort: Raising rent involves notifying tenants, updating leases, and ensuring compliance with California's rent control laws (like the Tenant Protection Act of 2019 ), which can feel like a hassle. rising maintenance costs) to build understanding. Communicate Clearly: Explain the "why" behind the increase (e.g.,

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Alabama HOA Laws: A Guide to Homeowners’ Rights and HOA Powers

HOA Managememt

Alabama Homeowners Association Act (2015) Effective January 1, 2016, Alabamas Homeowners Association Act governs homeowners associations created after that date. It also regulates budgeting, insurance, maintenance obligations, and voting rights. Existing HOAs can opt in by amending their governing documents. legal issues).

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What Does Balcony Inspection SB326 Mean for HOAs and Community Boards?

American Apartment Owners Association

In California, Senate Bill 326 (SB326) is transforming how Homeowners Associations (HOAs) and community boards manage the safety and maintenance of multi-family residential properties. HOA-managed communities, compliance is mandatory. What is SB326 for HOAs and Community Boards? Why SB326 Was Enacted?

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Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Practice proactive risk management strategies like robust tenant screening and maintenance plans. Guarantee legal compliance meticulously and leverage technology for streamlined processes. Implement proactive risk management strategies like robust tenant screening and preventive maintenance.

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How SB-721 is Shaping the Future of Property Management in California: A Comprehensive Analysis

Authority Property Management

Political and Legal Impact Regulatory Compliance: Landlords must adhere to new regulations to avoid penalties. Litigation Risks: Non-compliance with SB-721 can lead to legal consequences, making strict adherence essential. Legal Consultation: Regularly consult with legal experts to ensure compliance.