Remove Attorney Remove Broker Remove Compliance
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property 200
article thumbnail

6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

You already know how to handle tenants, maintenance, budgeting, and legal compliance. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. The best part? Now, you just need to apply that experience with an owner’s mindset. Think about the vendors you trust most.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property 130
article thumbnail

6 steps to jump from property manager to property investor: Build your rental portfolio with confidence

Buildium

You already know how to handle tenants, maintenance, budgeting, and legal compliance. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. The best part? Now, you just need to apply that experience with an investor’s mindset. Think about the vendors you trust most.

article thumbnail

New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

To qualify, tenants must furnish a written declaration affirming compliance with these parameters, along with self-attestation regarding their workforce size. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease 52
article thumbnail

Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Landlords and property managers need to familiarize themselves with the ins and outs of insurance policies and coverage details to verify tenants’ compliance with lease agreement terms. For example, brokers, property managers, attorneys all have a duty to carry E&O insurance for their operations.

article thumbnail

Property Management Outsourcing Services: Benefits and Cost

Second Nature

Legal Most PMCs outsource their legal services to a third-party law firm or attorney to provide legal advice and representation on various matters related to the property or properties. At Second Nature, our renters insurance program has 100% compliance. This can help protect your company from financial and reputational damage.