Condo Control

FEBRUARY 14, 2025

5 ways condominiums can save money Reduce administrative costs Hire companies that offer value Experiment with AI Improve energy efficiencies Consolidate subscriptions/services Depending on where you live, your community may also be struggling with insurance fees, legal requirements, or labor shortages.

Condominium

Real Property Management Chicago

MARCH 3, 2023

You Don’t Enjoy Dealing with People: As a rental property owner, you must deal with renters, neighbors, real estate agents, contractors, and plenty of others. You Don’t Like Dealing with Paperwork: Rental properties necessitate a lot of paperwork, such as rental agreements, applications, insurance contracts, etc.

Real Estate

MRI Software

DECEMBER 16, 2024

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. What is landlord residential insurance?

Residential Property

Muldoon Associates

NOVEMBER 7, 2024

Avoid the most common tenant screening mistakes by having a good application in place. Verify references and speak with previous landlords and employers to get a complete picture of the applicant. Inadequate Insurance Coverage Investors in real estate understand how important it is to protect their assets.

Lease Agreement

American Apartment Owners Association

JANUARY 9, 2025

Rental business owners frequently keep tight budgets, balancing operating expenses like insurance and utilities with unexpected repairs and even long-term capital investments. For instance, you might avoid expensive eviction fees because your software flagged a fraudulent application for a tenant that you would have otherwise accepted.

Property Management Software

American Apartment Owners Association

JANUARY 9, 2025

Rental business owners frequently keep tight budgets, balancing operating expenses like insurance and utilities with unexpected repairs and even long-term capital investments. For instance, you might avoid expensive eviction fees because your software flagged a fraudulent application for a tenant that you would have otherwise accepted.

Property Management Software

Nest DC

MARCH 28, 2023

Tenants who refuse to abide by your screening process or won’t answer clarifying questions about their application likely have something to hide. You should always give an applicant time to provide additional information when needed. Applicants who have negative rental history should also set off the alarm bells.

Applications

Nest DC

OCTOBER 11, 2023

Set clear and consistent criteria for all applicants and evaluate them objectively. Hiring Reliable Contractors When it comes to maintenance and repairs, you must find reliable contractors. Not to mention confirming they are licensed, bonded, and insured. Don’t make exceptions to your process once you’ve finalized it.

Rental Property

Second Nature

OCTOBER 1, 2024

PMCs are delivering resident benefits like credit reporting, renter’s insurance programs, pet guarantees, and more. One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Maintenance and repair.

Property Management

Lula

SEPTEMBER 12, 2024

HVAC Preventative Maintenance Checklist When you’re scheduling a contractor to go out and service your property, it’s important to determine the scope of the service beforehand. Tenants pay a small monthly fee for a bevy of benefits, including filters and insurance.

Maintenance

Lula

SEPTEMBER 12, 2024

HVAC Preventative Maintenance Checklist When you’re scheduling a contractor to go out and service your property, it’s important to determine the scope of the service beforehand. Tenants pay a small monthly fee for a bevy of benefits, including filters and insurance.

Maintenance

Authority Property Management

MARCH 10, 2019

Saving Money on Contractors If there is one thing real estate investors hate, it is wasting money on contractors who turn out to be unlicensed or simply inept at their job, which usually results in small problems becoming much bigger ones.

Property Management

Florida Property Management

DECEMBER 11, 2020

The screening process should comply with all state, federal, and local fair housing and anti-discrimination laws while still being rigorous and detailed. Preventative maintenance should also be part of the services you receive.

Property Management

Real Property Management Choice

JULY 21, 2015

The tenant is required by the law to maintain a $1,000,000 lessee’s general liability insurance policy.; Driver Licence Attaining to Rental Applications According to assembly bill No.60, Driver Licence Attaining to Rental Applications According to assembly bill No.60, is authorized by the federal law.

Landlord

Nest DC

FEBRUARY 23, 2024

Financial Management: As a housing provider, you need to budget for expenses, track income and costs, maintain adequate insurance, and plan for long-term financial goals like property improvements. They have a network of trusted contractors, ensuring quick, efficient fixes that preserve the value of your properties.

Property Management

Real Property Management California Coast

SEPTEMBER 22, 2023

These duties consist of: Initially, insurance: It is of the utmost importance to obtain comprehensive insurance coverage that is tailored to your property management operations. It is essential to cultivate relationships with real estate investors, bankers, contractors, and other key participants in the market.

Property Management

Real Property Management DC Metro

SEPTEMBER 22, 2023

These commitments consist of: First, it is crucial to get thorough insurance protection that is specifically targeted to your property management activities. They will assist you in navigating complex legal matters, assist you in drafting contracts, and ensure that your operations comply with all applicable regulations.

Property Management

Real Property Management Choice

MARCH 14, 2024

We have excellent relationships in place with vendors and contractors, insurance agents, brokers, and attorneys. Along with digital access, we do additional screening by phone prior to showing and in person after reviewing an application from a prospective resident. Every application is screened fairly and consistently.

Property Management

Mem Property Management

JULY 24, 2024

This policy should ask homeowners to fill up an application form and submit a detailed plan for the installation. As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor. After you have reviewed their application, the installation process may begin.

Government

Lifty Life

AUGUST 29, 2022

Building maintenance, insurance, security, utilities, are all commonly covered expenses in your strata fees. To do this grab some quotes from contractors, look for costs on MLS listings, and understand the fees of OTA sites. GST, PST, and local tourism taxes are all applicable. Not all providers insure short term rentals.

Finance

Appfolio

AUGUST 7, 2020

No property manager wants to face claims of negligence in court, deal with skyrocketing insurance premiums, or experience bad press and negative reviews. As a property manager, you also have to make sure contractors get paid and expenses are tracked. Effectively Track and Handle Expenses. Back to Top. Back to Top.

Property Maintenance

MRI Software

AUGUST 6, 2024

Screen all applicants using standardized, compliant criteria. Talk with contractors about payment plans or discounts to manage the financial burden more effectively. You can also explore financing options or insurance claims to help cover the costs without impacting your overall budget. Regularly check for regulation updates.

Management

Buildium

MAY 21, 2025

Those include tenant placement fees and leasing fees that are charged to owners, as well as application and lease renewal fees for tenants. Maintenance and repair markups : A surcharge for acting as a general contractor on maintenance itemsusually a percentage of the total property maintenance bill.

Property Management

Buildium

APRIL 9, 2025

All contractors used for renovations must be properly licensed and insured. Supporting Documentation You might also want to request additional documentation to support an architectural application, such as construction plans, permits, or professional quotes.

Management

RL Property Management

MAY 5, 2025

Youre still responsible for utilities, insurance, and property taxes regardless of whether the unit is occupied. Waiting on a contractor, a missed maintenance handoff, or slow scope approvals can each push your timeline by 3-5 business days. Just two weeks of vacancy could cost you $900 (not including turnover expenses).

Landlord