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Understanding Non-Occupancy Charges in Housing Societies

ADDA

Purpose of NOC: Cover additional administrative and maintenance overhead. Maharashtra: Legally Capped at 10% Governing Law: Maharashtra Cooperative Societies Act, 1960 Key Regulation: Government Order under Section 79A dated 1 August 2001 caps NOC at 10% of the service charges component of monthly maintenance.

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8 practical use cases for AI in property management that you can try today

Buildium

For example, property managers can now use natural-language processing chatbots to resolve common tenant issues, machine learning algorithms to predict maintenance issues, and computer vision to offer virtual tours to rental applicants. Predictive Maintenance All properties suffer wear and tear over time, making repairs inevitable.

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AI in Property Management: What’s Hype vs. What Actually Works?

BetterWho

This article delves into the practical applications of AI in property management, highlights tools making a real impact, and debunks common myths surrounding AI in the industry. In the context of property management, AI encompasses tools and applications designed to automate tasks, analyze data, and enhance decision-making processes.

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Technology in property management: 6 benefits you should know

Buildium

Whether youre sending a quick message, replying to a maintenance question, or sharing documents, everything stays organized and easy to find. Scenario: A tenant submits a maintenance request through a mobile portal at 7 p.m. The system notifies your maintenance team automatically. Applications took days.

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Choosing an apartment management certification: Tips and comparisons

Buildium

Expand Knowledge and Build Skills Certification programs cover topics such as fair housing laws, leasing strategies, maintenance oversight, financial management, and tenant relations. Stay Current on Legal and Regulatory Requirements Understanding local, state, and federal regulations reduces legal risks and costly disputes.

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A Caution to AI: The Possibility of Fair Housing Violations in Communication and Payments

American Apartment Owners Association

The Evolution of Communication in Property Management AI-powered chatbots and automated messaging systems are becoming the norm, helping property teams respond to resident inquiries, process maintenance requests, and even screen rental applications.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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