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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. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

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

Buildium

Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. Your professional network is another huge advantage. Plan for those cycles financially.

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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

Even as the pace of inflation has slowed down, expenses like labor, materials, and insurance remain higher than they once were. 3 in 4 survey respondents agreed that prices had increased most in four areas of the business: costs for third-party vendors, property insurance, property taxes, and materials and supplies.

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Communities facing rising umbrella liability rates

Mem Property Management

As property insurance rates are somewhat stabilizing in 2022, umbrella liability rates continue rising for common interest communities. In the past two years, insurance companies have reduced their limits to $5 million or have been forced to exit the market altogether. This also is prolonging the time that insurance claims are open.

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A Guide to Buying a Holiday Home Abroad

Schofields Insurance

There are ongoing costs related to owning a holiday home, for example, taxes, utility bills, insurance, hiring a property manager, maintenance etc. These can not only damage your property and cut your letting season short but also lead to increased insurance premiums.

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

InveServe

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 still handles insurance and CAM.

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5 Best Maintenance Practices to Keep Tenants Happy

Rental Housing Journal

The association also offers resources from educational webinars and landlord tenant law to approved providers for insurance and financing.