Remove Broker Remove Compliance Remove Regulation
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

article thumbnail

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

Buildium

You already know how to handle tenants, maintenance, budgeting, and legal compliance. Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental ownership. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How property managers can expand their business by acquiring other property management companies

Buildium

Work with brokers who specialize in property management mergers and acquisitions. Conducting Due Diligence Due diligence involves checking your potential acquisition’s financial health, operational stability, and legal compliance. Underestimating Regulatory Requirements Property management is highly regulated.

article thumbnail

What Does a Leasing Agent Do? Basics You Need to Know

Bay Property Management Group

Undergo a background check and submit an application to the Virginia Department of Professional & Occupational Regulation (DPOR) Skills Every Good Leasing Agent Needs As an investor, you need to know what to look for in a leasing agent. After getting your license, the next step is to join a sponsoring broker.

article thumbnail

2025 UPDATE LAW for Property owner- May 29 Compliance Webinar and Safeguard Your California Rental Business

American Apartment Owners Association

The 2025 California Property Law Compliance Webinar will provide critical updates on new regulations that take effect throughout 2025 and into 2026. These changes impact rental operations, tenant rights, safety compliance, and local ordinancesand failure to comply can result in significant financial penalties. Cant Make It Live?

article thumbnail

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

InveServe

ADA Compliance Greater Los Angeles has strict rules about accessibility for people with disabilities, so the lease should clearly state who is responsible for any necessary Americans with Disabilities Act ( ADA ) upgrades, both at the start and throughout the lease term. This can be a substantial cost.

article thumbnail

The 10 Features of a Great Property Management Company

Property Management Inc.

Legal Guidance for Peace of Mind Every city or area has its fair share of legal regulations landlords must follow, but who has the time to sort through endless clauses in a legal document? Top companies offer solid legal guidance for everything from your lease agreement to landlord-tenant law compliance.