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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. Had Foster’s attorney properly raised the issue earlier, the outcome could have been very different.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. In 2020, the IRS began requiring businesses to report non-employee compensation in a separate form, the 1099-NEC.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Of course, the pandemic has changed the way the 2020 leasing season is operating, but the best practices for successful leasing remain the same. Be sure to check federal and state resources online or consult an attorney if you’re unsure about what needs to be updated. During Leasing Season. Stay on Top of Pricing.

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New 2025 condo and HOA laws for U.S. states

Condo Control

2020 Arizona Lien for assessment, collecting late fees Except for condos that have fewer than 50 units and do not have a third-party manager working for them, the association shall provide a statement of account in lieu of a periodic payment book to owners with the same frequency that assessments are provided for in the declaration.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

AB 1482 officially took effect in California on January 1, 2020. AAOA recommends you consult with an attorney familiar with current federal, state and local laws. It applies to some residential rental properties, including those that may not be covered by a rent control ordinance, to impose a rent cap. Excited to get started?

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

AB 1482 officially took effect in California on January 1, 2020. AAOA recommends you consult with an attorney familiar with current federal, state and local laws. It applies to some residential rental properties, including those that may not be covered by a rent control ordinance, to impose a rent cap. Excited to get started?

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Ensuring a Fair and Effective Eviction Process: Guidelines for California Landlords

Real Property Management Choice

If you find yourself unable to collect rent from your tenant, unable to bring them into compliance after a lease violation, or you suspect the tenant is breaking the law or doing something illegal inside your property, get help from a local property manager or an attorney right away. Not vacating. Lease violations. We can help you.