article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Are you taking that big step and purchasing your first multifamily property? Congratulations, you are now a landlord, the owner of a great rental property.

article thumbnail

3 Common Misunderstandings About EEE Inspections

American Apartment Owners Association

Exterior Elevated Element (EEE) inspections are a vital part of keeping California multi-family buildings safe and compliant under SB721 (for apartments) and SB326 (for condominiums and HOAs). In reality, both SB721 and SB326 establish cyclical inspection timelines : SB721 (apartments): Inspections must be repeated every nine years.

Insiders

Sign Up for our Newsletter

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

article thumbnail

HOA Collection Laws In The U.S. (50 States) For Fair Debt Collection

HOA Managememt

Here are some of the homeowners and condo association collection laws to take note of per state: Alabama In Alabama, community associations need to follow the Uniform Condominium Act (Alabama Code 35-8A-316) and the Homeowners Association Act (Alabama Code 35-20-12) for debt collection.

article thumbnail

Are Your Properties Compliant with Law and Code Enforcement

American Apartment Owners Association

The deadline for SB 326, which applies to condominiums and HOA-managed properties, has officially passed. Californias balcony inspection laws, SB721 and SB326 , are reshaping how property owners and HOAs approach building safety.

article thumbnail

How to Create & Run Barndominiums as Short-Term Rentals

Host Tools

Barndominiums, an architectural hybrid between a barn and a condominium, have exploded in popularity as unique vacation rentals. From design choices and operational efficiencies to attracting guests and maximizing profits, youll learn how this unique concept can set your rental business apart. Start your free trial today!

article thumbnail

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

American Apartment Owners Association

Passed into law in 2019, this legislation directly addresses the structural integrity of elevated exterior elements—most commonly balconies, decks, walkways, and stairways—used by multiple families in condominium buildings. SB326 applies specifically to: Condominium projects governed by a homeowners association. Why SB326 Was Enacted?

article thumbnail

FCC Says Landlords Can Force Bulk Internet Service On Residents

Rental Housing Journal

In a move praised by the multifamily industry, the Federal Communications Commission (FCC) is eliminating a Biden administration proposal on bulk internet service that would have curbed apartment landlords ability to force residents into paying for a single internet service provider, according to reports.