SparkRental

NOVEMBER 28, 2024

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.

Contractors

Buildium

DECEMBER 30, 2024

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.

Property Management

Beach Front Property Management

JANUARY 15, 2025

Reach out to a contractor for an additional estimate to ensure accuracy. If the policy wording is unclear, consult a local attorney specializing in insurance law. Homeowners should review their liability insurance coverage with an attorney to ensure they are protected against such claims.

Insurance

Muldoon Associates

DECEMBER 5, 2024

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.

Contractors

Buildium

MAY 15, 2025

Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. Your existing relationships with real estate agents, contractors, and inspectors can also help you find deals before they hit the market. Your professional network is another huge advantage.

Property Management

Real Property Management Evertrust

OCTOBER 7, 2024

Pro Tip: Build a relationship with reliable contractors early on, so you’re not scrambling to find someone when repairs are needed. Consult a real estate attorney if you’re unsure of the legal requirements in your area. Preventative maintenance can also save you money in the long run.

Landlord

Real Property Management Choice

APRIL 1, 2016

Issuing IRS Tax Forms: Am I Required to Issue a 1099 to all of my contractors as a landlord? This IRS regulation applies to everyone who did some kind of work related to your property last year, as long as the company is not a corporation such as a professional property manager , wholesaler, attorney, or accountant.

Rental Property

Property Management Inc.

NOVEMBER 26, 2024

Know the Legal Side of Real Estate and Property Management Property managers don't need to know the law inside out like attorneys do, but they must be familiar with the basics. But it does mean being able to manage any maintenance and repair issues across your properties, liaising with tenants, landlords, and third-party contractors.

Property Management

Property Management Inc.

NOVEMBER 26, 2024

They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”

Contractors

Esquire Property Management Group

NOVEMBER 14, 2024

However, managers often have access to a trusted network of contractors who can provide quality work at competitive prices. Many property managers do not charge eviction fees, but merely pass along the costs of the process services, and eviction attorneys directly to the owners.

Commercial Property Management

Real Property Management Choice

JULY 21, 2015

It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition. In cases where safety issues arise, the law also allows the city attorney to take the necessary action on behalf of the city. Evictions for Los Angeles and Long Beach This law became effective 1st Sept 2014.

Landlord

Muldoon Associates

NOVEMBER 7, 2024

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws.

Lease Agreement

Authority Property Management

OCTOBER 3, 2016

EMPLOYEES OR CONTRACTORS – whenever you hire someone to do services on your rental property, whether it is managing the property, fixing a repair, or landscaping services, you are able to deduct those from your taxes.

Landlord

Real Property Management Choice

AUGUST 2, 2015

Storing documents in a file containing separate folders with labels, such as Leases, Contractors and Communications, and putting the papers in chronological order. This creates a “read-through” of what has happened, allowing your attorney—or anyone else, for that matter—to see precisely how the events unfolded. (It

Landlord

Florida Property Management

SEPTEMBER 11, 2023

It's also advisable to consult with an attorney or a property management professional who can provide guidance and ensure compliance with relevant laws. Solution: Property owners should establish a network of reliable contractors and service providers for maintenance and repairs.

Management

Mem Property Management

JANUARY 6, 2025

When crafting your amendments, make sure to consult your associations attorney to help with the wording. If thats the case, call 911 right away, as this is more efficient than contacting an association contractor. Some state laws require cooperation from homeowners to make any changes, and homeownerscan even reverse rulesin others.

IT

Second Nature

OCTOBER 1, 2024

One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Many PMs outsource things like plumbing, HVAC, and other contractor work. Today we’re going to talk about this option in more detail. Maintenance and repair.

Property Management

Thanks For Visiting

OCTOBER 3, 2024

We held detailed discussions, sometimes with our attorney present, to hash out potential scenarios. The area surrounding our land had a limited pool of skilled labor, making the search for reliable cleaners, contractors, and other essential personnel even more critical. The key is clear communication.

Airbnb

Real Property Management Choice

MARCH 14, 2024

We have excellent relationships in place with vendors and contractors, insurance agents, brokers, and attorneys. We work well with real estate investors, rental property owners, first-time landlords, and the residents in our community who are looking for good homes.

Property Management

Mem Property Management

JULY 24, 2024

As always, it is best for HOA boards to seek help from an attorney or their HOA management company when interpreting their rights, powers, and obligations. As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor. Who Pays for Electric Car Charging Stations?

Government

MRI Software

SEPTEMBER 10, 2024

Engaging a qualified attorney or lease advisor can help identify potential pitfalls and negotiate better terms. Get a software demo Facilities Management Software Leading solutions for property occupiers, owners and service providers & contractors. How can tenants protect themselves in lease negotiations?

Lease

Mem Property Management

SEPTEMBER 4, 2024

Always check with an attorney for your state’s specific laws when implementing Rules. You’ll be selecting contractors, and sometimes they will do a poor job. For instance, if the Declaration says rentals are allowed, the board cannot pass a Rule saying no rentals are allowed.

Government

Esquire Property Management Group

MARCH 3, 2025

This is typical in locations where building expenses are rapidly rising or following natural disasters that raise demand for contractors and materials. Speaking with a tax attorney or CPA prior to resorting to this step is a prudent step. 20%-50%) to the policy limit if actual rebuilding costs exceed anticipated costs.

Insurance