Buildium

APRIL 21, 2025

Trust accounts in property management are used to keep tenant rent payments and security deposits separate from the business operating account. An account that accepts rents must be structured as a trust. We’ll explore why you need one, common mistakes to avoid, and how to set up a trust account the right way.

Property Management

Bay Property Management Group

MARCH 21, 2025

Then, you can tap into potentially significant profit margins when you rent out or sell the property after improvements. Tax Liens or Sales: Local governments may sell properties with unpaid taxes to recover the owed amount, often through tax lien auctions or tax deed sales. This lets you get real estate at bargain prices.

IT

American Apartment Owners Association

SEPTEMBER 13, 2022

As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. Its implemented by government programs in key municipalities across the U.S.

Rent

American Apartment Owners Association

NOVEMBER 21, 2024

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members. Paid rent on time? What is included in a rental application?

Applications

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. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

Property Management

American Apartment Owners Association

DECEMBER 16, 2024

Security deposit Tenants typically provide a security deposit upfront, which serves as a form of financial security for the landlord in case of unpaid rent or damages. Rental payment Tenants are responsible for paying rent on time and in full, while landlords are responsible for providing a habitable living space in return.

Landlord

American Apartment Owners Association

NOVEMBER 27, 2024

Goodman’s case comes after a rightward shift at Seattle City Hall and as affordable housing developers sound the alarm about rising operating costs and, in some cases, trouble collecting rent from tenants. The suit claims this is a “taking” of the landlord’s property.

Landlord

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. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.

Property Management

American Apartment Owners Association

OCTOBER 14, 2024

Department of Housing and Urban Development (HUD), the Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. CHAT WITH AN ATTORNEY What is a Section 8 voucher? Chat with a real estate lawyer near you.

Applications

American Apartment Owners Association

OCTOBER 14, 2024

Department of Housing and Urban Development (HUD), the Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. CHAT WITH AN ATTORNEY What is a Section 8 voucher? Chat with a real estate lawyer near you.

Applications

Bay Property Management Group

DECEMBER 2, 2024

Finally, as a last resort, some local laws may let you withhold your rent or use some of it to pay for repairs. Reach Out to Your State Housing Agency If your landlord doesn’t respond to habitability complaints in the legally required timeframe, it’s time to report this violation to the government. How Long Can a Landlord Ignore You?

Landlord

American Apartment Owners Association

NOVEMBER 21, 2024

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members. Paid rent on time? What is included in a rental application?

Applications

Beach Front Property Management

SEPTEMBER 26, 2024

When preparing a property for rent, you handle key tasks like painting, cleaning carpets, making minor repairs, and ensuring that plumbing, electrical, and HVAC systems are safe. You will also specify rent due dates and payment methods. Decide how you prefer to collect rent. Be clear and straightforward, minimizing legal jargon.

Lease

American Apartment Owners Association

DECEMBER 2, 2024

Evaluate traditional financing methods, government-backed loans, and private lending options. Engage with a reputable real estate attorney to ensure all legalities are in order and that the transaction progresses without a hitch. Closing the Deal: Finalize the terms, complete the paperwork, and close the deal.

Real Estate

Property Management Inc.

NOVEMBER 26, 2024

The Internal Revenue Service taxes the rent you collect from your residential rental property as business income. 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. Then divide $225,000 by 27.5

Rental Property

Muldoon Associates

NOVEMBER 7, 2024

We are always encouraging real estate investors to buy and rent out property in Colorado Springs. Because we hate to see people make mistakes that have been made before, we’re exploring the top 10 mistakes Colorado Springs property owners make when they’re renting out a home. That doesn’t mean there aren’t challenges.

Lease Agreement

Florida Property Management

JULY 3, 2023

Some important new Housing Bills Passed in Florida Some important New Housing Bills in Florida CS/SB 102: Housing GENERAL BILL by Appropriations ; Calatayud ; (CO-INTRODUCERS) Rouson ; Hooper ; Osgood ; Rodriguez ; Boyd Housing; Citing this act as the "Live Local Act"; deleting the authority of local governments to adopt or maintain laws, (..)

Government

Renjoy

MAY 31, 2023

In simple terms, short term rentals refer to the practice of renting out a furnished property, whether it’s a single room, an entire apartment or house, for a short period of time, typically anywhere from a few nights to a few weeks. Can I rent out my home as a short-term rental? It depends on what your city allows.

License

Esquire Property Management Group

OCTOBER 9, 2024

Commercial Lease Agreement Rules Have Changed Overview of Legislative Changes The implications of this law encompass foundational alterations in lease agreements, especially concerning rent adjustments, lease termination notice periods, and the stipulations regarding the pass-through of operating expenses, i.e., property taxes.

Lease

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

Real Property Management California Coast

MAY 25, 2018

Making that kind of violation, even accidentally, can result in years spent in court, and dollars you would rather not part with spent on expensive attorneys. Because you are not renting out apartments in a complex, you will not be expected to make major changes to your home if those changes would be detrimental to your financial situation.

Single-Family Home

Real Property Management DC Metro

MAY 25, 2018

Making that kind of violation, whether or not it was intentional, can result in years spent in court, and dollars you would rather not part with spent on expensive attorneys. One is to provide their requests for reasonable accommodations, refusal to provide these reasonable accommodations can be viewed as a violation of the Fair Housing Act.

Single-Family Home

MRI Software

DECEMBER 4, 2023

Circumstances such as non-payment of rent, lease violations, and property damage can make tenant eviction necessary. It will outline the acceptable reasons, ranging from non-payment of rent to lease violations and property damage. It typically gives the tenant a specific period to pay the overdue rent or vacate the property.

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

Once the necessary repairs are made, you can charge higher rents and eventually sell the property for a profit. The more units you rent out, the quicker you can reinvest in your next property. Many banks and government websites post available foreclosures, making them accessible to potential buyers.

Finance

Real Property Management Chicago

DECEMBER 5, 2024

The objective of the law is to ensure equal access in all housing-related transactions pertaining to housing, incorporating sales, rents, and financing. Certain cities have rent boundaries or stabilization laws to prevent excessive rent increases, warranting access to housing in high-demand areas.

Compliance

Condo Control

FEBRUARY 13, 2025

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? Owners can rent their unit to guests, but the owners must register them at the HOA office. What are the requirements of the association?

Government