article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you.

article thumbnail

What Is An Easement In Real Estate? What To Know

Bay Property Management Group

These rights are often granted to neighbors, utility companies, or government entities for different purposes. Main Takeaways What is an easement in real estate: Easements give others legal rights to use part of your property —typically for utilities, access, or shared pathways—without transferring ownership.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Complete Guide to Commercial Property Leases in San Gabriel Valley, CA

InveServe

This can include everything from utilities and landscaping to cleaning services for shared areas, and sometimes even major structural repairs. For instance, a property owner might cover property taxes and insurance, while the tenant pays for utilities and a portion of CAM that goes above a certain initial amount.

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. Consult attorneys and CPAs to structure deals, protect your assets, and optimize taxes. Compare actual spending against projections each month and adjust as needed.

article thumbnail

Understanding Fair Notice Periods: A Landlord's Guide to Smooth Evictions

Property Management Inc.

Tackling Court Filing Fees Court costs can range from minor filing fees to larger attorney expenses. Do You Need an Attorney? An attorney isn’t always required, but their expertise can help. Additional Resources for Landlords Several platforms offer eviction-specific guides or attorney directories tailored to landlords.

article thumbnail

How to Keep Great Tenants in Columbus: Your Retention Playbook

RL Property Management

Utility Bills: When a unit is vacant, you, the owner, are typically responsible for paying utilities like electricity, water, and gas to keep the property showable and maintained. Always consider having an attorney review your lease agreement to ensure it is legally sound.

article thumbnail

How to Form a Resident Welfare Association (RWA) in India: A State-Wise Step-by-Step Guide

ADDA

Take Over from Builder If the builder has been managing maintenance till now, initiate the formal handover process : Get all building and asset documents Collect keys, access controls, utility data Review existing vendor contracts Take inventory of assets (generators, STPs, lifts, etc.)