Remove 2015 Remove Property Management Remove Regulation
article thumbnail

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

Authority Property Management

The Impact of SB-721 on California's Property Management Industry  Introduction Senate Bill 721 (SB-721) was enacted to improve building safety standards, particularly for balconies and elevated exterior elements. Political and Legal Impact Regulatory Compliance: Landlords must adhere to new regulations to avoid penalties.

article thumbnail

Should You Convert Your Primary Home Into a Rental Property?

Authority Property Management

Property Management Fees If you hire a property manager , those costs are tax-deductible. Insurance and Property Taxes Both expenses can be written off as part of your rental property's operating costs. If you prefer a hands-off approach, hiring a property manager could be a good option.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mitigating Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Inspect properties for hidden issues, analyze financial records for stability, and align strategies with market trends. Use data-driven decisions to manage risks effectively. Implement efficient property management to minimize operational risks. This, in turn, contributes to increasing property value over time.

article thumbnail

Rental Property Tax Forms–What is Required?

Real Property Management Choice

One tax form is the 1099-MISC which is used to report amounts of $600 or more paid to others for work performed related to the property. Real Property Management will take care for you. Because you are a client, your Real Property Management office takes care of this for you!

article thumbnail

LA On-Site Property Manager Compensation 2016

Real Property Management Choice

The compensation for this position is governed by State and Federal rules and regulations. First of all, the resident manager is an employee and generally cannot be an independent contractor. Did you post manager’s name, address, hours in a conspicuous place at the building? Please referral to [link].

article thumbnail

An introduction to exterior condo safety inspections

Condo Control

Condo envelopes are important because they: Regulate temperature Keep out moisture and vapour Block wind, snow, sun and dust What is an exterior safety inspection? California The state of California has mandated that condo and HOA associations conduct regular deck and balcony inspections as a result of a fatal balcony collapse in 2015.

article thumbnail

Houfy vs. Airbnb: What Do They Offer for Hosts?

Hospitable

By The Hospitable Team OTAs With so many vacation rental booking sites, it's not easy to decide which of them you should list your STR property. Airbnb has long been a popular choice for hosts and property managers as one of the largest OTA platforms, but there are also many smaller listing websites.

Airbnb 52