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Communities facing rising umbrella liability rates

Mem Property Management

The very few remaining players have tightened their underwriting guidelines drastically, which has made many associations ineligible and has left insurance brokers fighting to replace coverage with the same expiring limits. This is a viable way for attorneys to pursue lawsuits where plaintiffs have limited resources.

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AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

This one-day event is specifically tailored for DIY landlords, real estate investors, realtors/brokers, and property managers seeking the latest insights and tools to manage their properties more effectively and is FREE for AAOA paid members.

Apartment 189
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AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

This one-day event is specifically tailored for DIY landlords, real estate investors, realtors/brokers, and property managers seeking the latest insights and tools to manage their properties more effectively and is FREE for AAOA paid members.

Apartment 130
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7 DOCUMENTS EVERY LANDLORD SHOULD HAVE ON FILE

Real Property Management Choice

As a landlord, if you haven’t given much thought to the documents you keep—and those you discard—you risk being unable to defend your position in a dispute or pursue the tenant to collect damages in the event that becomes necessary. But, it can also be an essential resource in the event of an emergency.

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Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

Many times, this is merely the starting point of negotiations between a purchaser and a seller which is commonly drafted by a purchaser’s broker or attorney. Such a document may intricately outline the rights and remedies available in the event of a party choosing to withdraw from the proposed transaction.

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

Esquire Property Management Group

Legal Defense Costs : Typically, CGL policies include coverage for legal defense costs, encompassing attorney fees, court expenses, and settlements or judgments. For example, brokers, property managers, attorneys all have a duty to carry E&O insurance for their operations.

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What you didn’t know about property management trust accounting

Buildium

These types of trust accounts are often prepared by an attorney and come with several pieces of documentation such as notarized trust certification, estate rules, etc; None of which applies to a property management business! Monitor who signs: Ensure all signees are either broker, agent, or bonded employees.