InveServe

JULY 9, 2025

Gross Lease (or Full-Service Lease) Here, a commercial property tenant pays one flat monthly fee, and the property owner covers most, if not all, of the building’s running costs, such as property taxes, insurance, and common area maintenance (CAM) fees. The property owner typically still manages and pays for common area maintenance.

Commercial Property

Mem Property Management

FEBRUARY 6, 2025

At the same time, community association boards have an important responsibility tocollect assessments, which fund essential services such as trash pickup, stormwater management, street and sidewalk maintenance and lighting, and recreational facilities.

Attorney

Real Property Management Choice

MAY 29, 2025

Schedule and complete the repairs and the maintenance first, and think about the sorts of updates and upgrades that might attract tenants. You can put together a great list of vendors and contractors for when maintenance is needed. Showing a home with a broken window or old appliances is pointless. Offering upgrades and updates.

Lease Agreement

HOA Managememt

MAY 8, 2025

Alabama Homeowners Association Act (2015) Effective January 1, 2016, Alabamas Homeowners Association Act governs homeowners associations created after that date. Existing HOAs can opt in by amending their governing documents. Mandates disclosures to buyers about HOA membership, assessments, and governing documents.

Condominium

Buildium

APRIL 21, 2025

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! Consult your local regulations for specific requirements. What types of funds should be kept in a trust account?

Property Management

Buildium

NOVEMBER 5, 2024

Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold. You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business.

Property Management

American Apartment Owners Association

DECEMBER 16, 2024

Maintenance and repairs Landlords are responsible for maintaining the rental property in good condition, ensuring that necessary repairs are made promptly. Essential laws governing landlord entry rights Landlord entry rights are regulated by specific laws to ensure that tenants privacy and enjoyment of the property are protected.

Landlord

Buildium

OCTOBER 21, 2024

The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits.

Finance

Bay Property Management Group

NOVEMBER 27, 2024

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. For example, if the HOA board chooses not to document its decision to add a new rule, residents could challenge this, especially if it doesn’t follow the established governing documents.

Government

American Apartment Owners Association

NOVEMBER 27, 2024

The lawsuit alleges the tenant protection laws have forced the building to accept tenants who caused safety issues, added new maintenance and security costs, increased tenant and staff turnover, limited evictions and discouraged rent increases that might help cover the increased costs.

Landlord

Condo Control

JANUARY 10, 2025

Some HOAs hand off those types of maintenance responsibilities to owners, but thats not always the case. Inform the HOAs attorney All lawsuits are subject to strict filing deadlines. As a result, the board should reach out to the associations attorney as soon as the HOA is served.

Litigation

Condo Control

APRIL 14, 2025

Attorneys can attend if parties prefer that. Attorneys may be present, too. After checking state laws and governing documents to see what, if anything, is required to engage in the ADR process, parties will want to find a mediator or arbitrator. Main types of ADR Mediation Mediation is probably the most common type of ADR.

Litigation

Bay Property Management Group

DECEMBER 2, 2024

Main Takeaways If your home’s maintenance problem impacts your safety and health, your landlord is legally required to fix it. To be clear, tenants are on the hook for bringing any maintenance concerns to the landlord’s attention. When Aren’t Landlords Liable for Maintenance Issues?

Landlord

Condo Control

NOVEMBER 11, 2024

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

Condominium

American Apartment Owners Association

SEPTEMBER 13, 2022

Its implemented by government programs in key municipalities across the U.S. In contrast, rent stabilization refers to a government-set percentage that affects how much a landlord can increase monthly rent per year. Its a limiting factor that adds extra government regulation to the landlords abilities to rent out their property.

Rent

Beach Front Property Management

SEPTEMBER 26, 2024

It outlines details like pet policies, guest allowances, parking, and maintenance procedures. What to Include in Lease Agreement You can write an effective lease agreement without needing to consult an attorney. You can research local laws through your state government website. Repairs and Maintenance.

Lease

American Apartment Owners Association

DECEMBER 2, 2024

Evaluate traditional financing methods, government-backed loans, and private lending options. Consider factors such as occupancy rates, maintenance costs, and potential for value-added improvements. Engage with a reputable real estate attorney to ensure all legalities are in order and that the transaction progresses without a hitch.

Real Estate

American Apartment Owners Association

DECEMBER 9, 2024

swapping a property owned by an LLC with one owned by an individual) These pitfalls can be avoided by working with a team of experienced professionals, including real estate attorneys, tax advisors, and qualified intermediaries. Final Thoughts: Is a 1031 Exchange Right for You?

Real Estate

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. The worst mistake you can make as a rental property owner, however, is delaying or ignoring maintenance needs. Be responsive.

Lease Agreement

Property Management Inc.

NOVEMBER 26, 2024

There is one catch to taking this deduction; the catch is that the government doesn’t forget that it gave you this break and you have to pay those taxes when you sell the property. If you paid an attorney or title company for legal services regarding your rental property, these expenses are deductible as well.

Rental Property

Esquire Property Management Group

OCTOBER 9, 2024

Landlords will need to provide “supporting documentation” for applicable costs, which must be limited to expenses related to operation, maintenance, and repair. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease

Renjoy

MAY 31, 2023

From a host’s perspective, managing short term rentals can be time-consuming and stressful, requiring constant communication with guests, coordinating cleaning and maintenance, and dealing with unexpected issues that may arise. Local governments define licensing laws for short-term rentals. It depends on what your city allows.

License

Mem Property Management

JULY 24, 2024

In this article: The Importance of an HOA Electric Car Charging Policy Understand Your Governing Documents Who Pays for Electric Car Charging Stations? As a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations. Who Pays for Electric Car Charging Stations?

Government

Real Property Management California Coast

FEBRUARY 18, 2022

It’s but natural that when many beginning El Segundo investors decide to put money into a single-family rental property, what they generally think about are the operational aspects of the investment: finding tenants, managing property maintenance, and collecting rent.

Real Estate

Real Property Management DC Metro

FEBRUARY 17, 2022

Usually when many beginning Michigan Park investors think about buying a single-family rental property, what mostly comes to mind are the operational aspects of the investment: finding tenants, managing property maintenance, and collecting rent.

Real Estate

MRI Software

DECEMBER 4, 2023

This makes it vital for property managers to familiarize themselves with the specific laws governing their area. As a responsible property manager, you need to maintain standard maintenance procedures and not try to cut multifamily maintenance costs. The process begins with filing an eviction lawsuit in the appropriate court.

Lease Agreement

Second Nature

JANUARY 29, 2025

State laws governing property management business Each property management companys approach is very dependent on regional or state regulations. Before taking any steps to either start or change your business, you need to have a clear understanding of the local laws governing your business venture.

Property Management

MRI Software

DECEMBER 1, 2024

To be successful, you need to stay on top of multifamily property management tasks such as leasing, maintenance, and addressing tenant concerns. Many banks and government websites post available foreclosures, making them accessible to potential buyers. Where can investors find multifamily foreclosure listings?

Finance

Mem Property Management

SEPTEMBER 4, 2024

Governing Documents The declaration, bylaws, operating rules, articles of incorporation or other documents which govern the operation of the association. The governing documents , sometimes referred to as the CC&R’s (Conditions, Covenants, and Restrictions) is where the HOA and the board get their authority.

Government

Condo Control

FEBRUARY 13, 2025

Administrative tasks, such as maintenance requests or payments, can be streamlined and automated when they are brought online. There are hosting fees and maintenance fees to consider in addition to the initial cost of the site Has the board spoken with an attorney about the website and what information should be gated?

Government