Remove Attorney Remove Insurance Remove Rental Property
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. Congratulations, you are now a landlord, the owner of a great rental property.

article thumbnail

6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

As a residential property manager, you have a front-row seat to one of the best opportunities for building wealth: owning rental properties. Every day, you help property owners grow their assetsso why not start doing the same for yourself? Why Transition to Rental Property Investment?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. By understanding your options, you can make informed decisions to protect your rental property investment and ensure long-term financial security. What is landlord liability insurance?

article thumbnail

Everything you need to know about apartment management in 2025

Buildium

Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Further Reading Comprehensive Property Management Reporting: Types of Reports and Why You Need Them Property Management Chart of Accounts: What Is It and Why Is It Essential?

article thumbnail

6 Ways to Arm Yourself Against Deadbeat Tenants

Rental Housing Journal

By Nancy Abrams Finding reliable tenants is the key to successful property management. But how can you be confident that tenants will pay their rent on time and will not do damage to your rental property? Protect yourself from property damage, lost rent and legal expenses by investing in landlord insurance.

article thumbnail

Fair Housing Training: Your Financial Safety Net in a Tight Economy

Rental Housing Journal

The Real Cost of Non-Compliance Across the property-management industry, professionals who handle internal audits and compliance reviews regularly see the same cycle: Organizations forgo training, assuming they can circle back later. Can Insurance Carry the Load? This is not to say insurance is irrelevant.

article thumbnail

What Are a Trustee’s Duties for Oregon Rental Property?

Rental Housing Journal

If your trustee is using income generated from your rental property for their own benefit, the trustee has breached their duty of loyalty. If trust beneficiaries have an equal or unequal interest in rental income, the trustee’s duty of impartiality requires the trustee to proportionally distribute that income.