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Should You Convert Your Primary Home Into a Rental Property?

Authority Property Management

Generate Passive Income and Build Long-Term Wealth Renting out your home can create a steady stream of passive income, which can help cover the mortgage, property taxes, insurance, and maintenance costs. Repairs and Maintenance Everything from fixing a leaky roof to repainting the walls can be deducted. mortgage interest rate.

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HOA Facts And Figures 2025

HOA Managememt

A reported 91% of community associations stated that they experienced unexpected increases in expenses over the past year, with most citing higher management and insurance costs as the primary factors. Despite these hikes, many boards are aiming to preserve community services rather than cut amenities or defer maintenance.

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When Is the Last Time You Raised the Rent?

Authority Property Management

The Pros and Cons of Raising Rent Pros of Raising Rent: Keeps Up with Rising Costs: Property ownership isn't cheapmaintenance, taxes, insurance, and utilities all creep up over time. rising maintenance costs) to build understanding. Raising rent helps you cover these expenses without dipping into your profits.

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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.

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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. Increased insurance premiums. What is SB326 for HOAs and Community Boards? Why SB326 Was Enacted? Potential legal action from homeowners.

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Million-Dollar Lawsuits and the Real Price of Skipping Balcony Inspections

American Apartment Owners Association

Location Year What Happened Casualties Payout / Verdict Berkeley, CA 2015 5th-floor balcony collapse 6 dead, 7 critically hurt ≈ $20 M+ (partial + confidential) San Francisco, CA 1998 4th-floor balcony collapse 1 dead, 1 permanent brain injury $12.39 Smaller HOAs can’t absorb that hit—nor can most landlords.

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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. Implement proactive risk management strategies like robust tenant screening and preventive maintenance. Additionally, incorporating preventive maintenance strategies is key to controlling costs and extending the life of your property.