Buildium

OCTOBER 21, 2024

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. In this guide, we give you the full HOA finances picture. What are HOA Finances? Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity.

Finance

Condo Control

NOVEMBER 21, 2024

If there are insufficient funds in the reserve to cover the cost of repairs, the bill authorizes an association to obtain competitive financing to commence repairs or replacements without a vote, and to levy an emergency assessment to repay the loan if certain conditions are met. The bill does not apply to condominiums or cooperatives.

Condominium

American Apartment Owners Association

JANUARY 27, 2025

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property

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. You have to keep your money separate from your owners, and youll need a trust account to handle tenants security deposits, all of which is regulated by the state in which you operate.

Property Management

American Apartment Owners Association

DECEMBER 2, 2024

LEARN MORE Leveraging Technology In today’s digital age, technology can streamline property management make sure to hire a PM that uses Tech to your advantage: Property Management Software: Use software to keep track of finances, lease agreements, and maintenance requests efficiently.

Real Estate

Muldoon Associates

DECEMBER 5, 2024

Lenders facilitate access to various financing options that cater to different investment strategies and property types. They can help you understand the terms, interest rates, and repayment schedules of each option, ensuring that you choose the most advantageous and sustainable financing method.

Contractors

Real Property Management Evertrust

OCTOBER 7, 2024

When to Enforce Eviction Procedures Eviction is a last resort, but sometimes it’s necessary to protect your property and finances. Review Local Laws Eviction laws vary by state and locality, so it’s essential to understand the specific regulations in your area. Stay calm, communicate clearly, and follow the terms of your lease.

Tenant

Buildium

MAY 15, 2025

Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental investment. In terms of financing, your professional background can also give you an edge. You can also evaluate creative options such as seller financing or partnerships with much sharper eyes.

Property Management

American Apartment Owners Association

DECEMBER 2, 2024

Fundraising new debt was the company’s business,” an attorney representing some investors told a judge, the Seattle Times reported. Ponzi operators rope in even seasoned investors with promises of real property and guaranteed returns before cash vanishes, leaving victims’ finances devastated and diminishing trust in the industry.

Government

Host Tools

DECEMBER 26, 2024

Investigate Market Regulations: Some cities have strict regulations for short-term rentals. Financing Multiple Rental Properties Buying multiple properties at once can require substantial capital, but there are several financing routes to explore: 1. This can be a practical option for large-scale purchases.

Rental Property

Muldoon Associates

NOVEMBER 7, 2024

Have an attorney or a Colorado Springs property manager review your lease to ensure it complies with local laws. Regularly update yourself on relevant laws and regulations. Take a look at some of the technology that’s available to help you manage your finances when it comes to investment properties. Consulting Experts.

Lease Agreement

Young Management

MARCH 14, 2024

While for tenants, it provides a clear and official notice to help them plan their finances accordingly. To ensure compliance and clarity regarding the notice period for rent increases, it’s advisable to consult the relevant local regulations. Sending the Notice Have the notice reviewed by an attorney to ensure legal compliance.

Rent

Second Nature

OCTOBER 1, 2024

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. Accounts and finance Many PMCs outsource to an accounting firm or financial service provider to handle the financial management and reporting.

Property Management

SparkRental

NOVEMBER 28, 2024

Not only are suits in small claims affordable, but they also offer the option for you to represent yourself with no attorney or legal fees. Of course, if you paid your contractor a large amount, consider hiring an attorney even if the amount falls under the jurisdiction of small claims court.

Contractors

Second Nature

APRIL 18, 2025

Invest in legal and compliance Compliance is hard enough in the heavily regulated world of property management, but one of the biggest challenges as you expand into other markets is managing the different laws and ordinances in each individual market. Freeze believes that compliance is far and away the biggest challenge of scaling.

Property Management

Real Property Management Chicago

DECEMBER 5, 2024

Keep reading to learn the nitty-gritty of fair housing regulations, common compliance problems, and ideal practices for rental property owners and managers. The objective of the law is to ensure equal access in all housing-related transactions pertaining to housing, incorporating sales, rents, and financing.

Compliance

American Apartment Owners Association

NOVEMBER 18, 2024

Every state has its own laws regulating the activities of property managers. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you. Being an absentee landlord for a property outside your immediate area adds even more time-consuming responsibilities.

Property Management

American Apartment Owners Association

JANUARY 22, 2025

Its essential to consult with an attorney, business consultant, or accountant in your state. Secure Necessary Permits and Licenses: Research local laws and policies to guarantee your business complies with zoning laws and other regulations. This makes an LLC ideal for partnerships and also solopreneurs.

Real Estate

American Apartment Owners Association

NOVEMBER 18, 2024

Every state has its own laws regulating the activities of property managers. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you. Being an absentee landlord for a property outside your immediate area adds even more time-consuming responsibilities.

Property Management

RL Property Management

JANUARY 6, 2025

Its main purpose is to ensure that people can rent, buy, or finance housing without facing discrimination. Click here for a complete Fair Housing Guide from the Ohio Attorney General. Staying informed about both federal and local regulations is the first step toward being a compliant and confident landlord.

Landlord

Rental Housing Journal

APRIL 14, 2025

Consulting a qualifiedtax professional or attorney can help ensure IRS compliance and mitigate risks. Due diligence is critical to making informed decisions. Pre-REIT Exchange Investments: Combining IRC 1031 and IRC 721 IRC Sec.

Rental Property

MRI Software

APRIL 1, 2025

These steps ensure compliance with local regulations and provide the foundation for a smooth conversion process. Financing and costs If you plan to convert multifamily to condo, financing can be one of the more challenging aspects of the process. Marketing and sales costs to effectively position the property in the market.

IT