American Apartment Owners Association

AUGUST 7, 2022

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. Keep reading and explore our guide to rent increase notices, compliance and more. Increased insurance premiums, taxes and/or utilities.

Compliance

American Apartment Owners Association

AUGUST 7, 2022

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. Keep reading and explore our guide to rent increase notices, compliance and more. Increased insurance premiums, taxes and/or utilities.

Compliance

American Apartment Owners Association

DECEMBER 9, 2024

Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities. Ensure legal compliance to mitigate risks. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance. Diversify your portfolio strategically to spread risks.

Real Estate

Buildium

OCTOBER 21, 2024

Utilities and Services Any utilities that aren’t billed directly to individual members will need to be accounted for in the budget. However, if your association includes utility costs in the membership dues, you’ll need to consider the usage rates for the entire community. You’ll also need to budget for attorney fees.

Finance

Buildium

DECEMBER 30, 2024

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. To learn more, check out our blog post on 1031 exchanges.

Property Management

American Apartment Owners Association

JANUARY 27, 2025

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.

Property

American Apartment Owners Association

DECEMBER 9, 2024

The Benefits of Using a 1031 Exchange for Multifamily Investors Utilizing a 1031 exchange offers several key advantages formultifamily real estate investors: 1. The QI handles the exchange process, holding the sale proceeds and ensuring compliance with IRS regulations.

Real Estate

Muldoon Associates

NOVEMBER 7, 2024

Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws. Implementing Compliance Procedures. Not Utilizing Professional Colorado Springs Property Management Services This, really, is the biggest mistake we can tell you about. Avoid legal missteps by: Staying Informed.

Lease Agreement

Young Management

MARCH 14, 2024

To ensure compliance and clarity regarding the notice period for rent increases, it’s advisable to consult the relevant local regulations. Provide Proper Notice: Adhere to local laws regarding the notice period for rent increases to maintain compliance and respect towards your tenants. What is the Maximum Rent Increase Allowed?

Rent

Esquire Property Management Group

DECEMBER 11, 2023

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.

Insurance

Host Tools

JANUARY 8, 2025

If you’re already invested, Hire an attorney or local consultant who specializes in rental compliance. Townhomes located in areas with strict HOA (Homeowners Association) rules may also face additional hurdles. Tip: Research local and HOA regulations thoroughly before purchasing a townhome.

Airbnb

Host Tools

DECEMBER 26, 2024

Utilize the equity from your existing properties to secure financing for additional rental investments. Rental Regulations: Some locations may require permits, licenses, or compliance with specific safety standards to operate as short-term rentals. This can be a practical option for large-scale purchases.

Rental Property

Property Management Inc.

NOVEMBER 26, 2024

Non-Compliance With Rent and Eviction Control Laws Some areas have rent control laws that limit your ability to increase rent or evict tenants without just cause. Consulting with a local housing attorney can help you anticipate and avoid these roadblocks. Ambiguity could open the door to challenges.

Landlord

MRI Software

FEBRUARY 26, 2025

Hiring experienced professionals, such as zoning attorneys and planning consultants, can provide valuable guidance and ensure compliance with all requirements. Staying organized and responsive to requests for additional information can help streamline the approval process.

Applications

Property Management Inc.

NOVEMBER 26, 2024

Always consult with a local attorney to ensure compliance with federal and local landlord-tenant laws. Additionally, proactively explore options for finding new tenants quickly, such as utilizing rental listings and social media, to minimize the financial impact and maintain a positive landlord-tenant relationship.

Lease