Remove Attorney Remove Compliance Remove Contractors
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.

article thumbnail

Everything you need to know about apartment management in 2025

Buildium

Apartment management demands a careful balance of tenant satisfaction, building upkeep, financial control, and regulatory compliance. This guide covers what you need to know about leasing, communication, maintenance, budgeting, staffing, compliance, technology, and growth strategies. Provide training and evaluate performance regularly.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

They are responsible for a variety of tasks, including maintaining tenant relationships, guaranteeing legal compliance, and assuring financial stability. Make Use of Reliable Vendors: Engage in business with contractors who are dependable and economical.

article thumbnail

The Consumer Review Fairness Act and Its Marketplace Impact

Rental Housing Journal

and consumer evaluations of a company’s customer service (the law doesn’t apply to employment contracts or agreements with independent contractors). The Federal Trade Commission and state attorneys general have the authority to enforce the CRFA. It also covers social media posts, uploaded photos, videos, etc.

IT
article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible.

article thumbnail

How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

article thumbnail

Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.