InveServe

MARCH 3, 2025

What are all the recurring operating expenses (property taxes Proposition 13 considerations, insurance earthquake coverage is essential, utilities, maintenance, management fees)? Lease Agreements & Rent Collection (LA Compliance): What type of lease agreement complies with California and LA regulations? tenant relocation costs)?

Lease Agreement

Buildium

MAY 29, 2025

Instead of requiring tenants to pay large deposits upfront, Obligo offers a deposit-free option supported by an insurance guarantee, which reduces the financial barrier to renting. Outsourcing these tasks to Ojo helps property managers minimize errors and maintain compliance without getting bogged down in spreadsheets.

Property Management

Authority Property Management

JUNE 27, 2025

Post‑Fire Recovery and Insurance Preparedness If a wildfire does strike, quick action after the fire controls can help tenants return safely: Damage Assessment: Coordinate with inspectors and your insurance carrier immediately. Cleanup & Repairs: Engage licensed contractors trained in fire‑damage restoration—avoid unvetted labor.

Tenant

Authority Property Management

MAY 9, 2025

It often requires full demo, debris removal, updated permits, energy code compliance, and sometimes months of red tape. Local contractors, vendors, and workers rely on those projects. Property owners make insurance claims, line up resources, and move mountains to restore habitability. Thats not cheap.

Finance

American Apartment Owners Association

JULY 14, 2025

HOA-managed communities, compliance is mandatory. Increased insurance premiums. Vendor Selection and Project Oversight HOAs must work with licensed professionals and reputable contractors. Compliance Deadlines : Boards that delay inspections risk last-minute scheduling bottlenecks or regulatory penalties.

Condominium

Bay Property Management Group

NOVEMBER 13, 2024

Working with licensed contractors is vital if you’re not very skilled in these areas. Today, we’re reviewing when to hire licensed contractors and why working with them is so important. Contents of This Article: Why Do You Need Licensed Contractors? Why Do You Need Licensed Contractors? Need More Advice?

Contractors

Buildium

DECEMBER 30, 2024

Insurance Insurance you buy for your business, such as business liability or property insurance. If you have a home office, you can deduct some of your homeowner’s insurance. When you hire an independent contractor, that cost is deductible, too. This deduction is scheduled to end on Jan.

Property Management

SparkRental

NOVEMBER 28, 2024

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

Contractors

Fourandhalf

DECEMBER 19, 2024

Are they in a database for licensing and insurance? These might be insurance claims or capital improvements. It may have to do with contractor overhead, or it could be the market conditions or the bidding strategy. Insurance costs are going up, for example. Are they in a database for licensing and insurance?

Property Management

Muldoon Associates

DECEMBER 5, 2024

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

Contractors

Buildium

MAY 15, 2025

You already know how to handle tenants, maintenance, budgeting, and legal compliance. 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.

Property Management

Muldoon Associates

NOVEMBER 7, 2024

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. Implementing Compliance Procedures. Inadequate Insurance Coverage Investors in real estate understand how important it is to protect their assets.

Lease Agreement

T&H Realty

DECEMBER 2, 2024

But, they are vital for maintaining building safety and code compliance and limiting your liability. Liability Risks for Non-Compliance Landlords who fail to comply with handrail laws risk significant consequences: Fines: Local housing authorities can impose penalties for code violations. Address issues promptly.

Landlord

Second Nature

OCTOBER 1, 2024

PMCs are delivering resident benefits like credit reporting, renter’s insurance programs, pet guarantees, and more. One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Maintenance and repair.

Property Management

Authority Property Management

MAY 27, 2025

From lock-change mandates and contractor thresholds to expanded rent caps and eviction timeline changes, there's a lot on the table. Property owners who stay ahead of these updates are better positioned to protect their investments, build strong tenant relationships, and avoid costly compliance mistakes.

Landlord

Property Management Inc.

NOVEMBER 26, 2024

If you gain approval, then you can move on to the next one which is finding the right contractors. Typically, it’s required that they be licensed and insured. In fact, your HOA may have a list of recommended contractors. You’ll need to find out if your HOA requires this or not.

Contractors

Nest DC

OCTOBER 11, 2023

By adhering to fair housing practices, you ensure compliance and create an inclusive and welcoming environment for all prospective tenants. Hiring Reliable Contractors When it comes to maintenance and repairs, you must find reliable contractors. Not to mention confirming they are licensed, bonded, and insured.

Rental Property

California Pacific Realty

AUGUST 14, 2024

Other important costs that should be included in property accounting are utilities like water, electricity, and gas and insurance premiums covering various risks. Additionally, consulting with legal and financial experts can provide further assurance that all operations are in full compliance. Tax Compliance and Deductible Expenses.

Property Management

Nest DC

FEBRUARY 23, 2024

Financial Management: As a housing provider, you need to budget for expenses, track income and costs, maintain adequate insurance, and plan for long-term financial goals like property improvements. They have a network of trusted contractors, ensuring quick, efficient fixes that preserve the value of your properties.

Property Management

Esquire Property Management Group

NOVEMBER 17, 2024

Insurance premiums for liability, property damage, and business interruption coverage. Fees paid to accountants, property managers, legal advisors, and contractors involved in property upkeep and management are deductible. health insurance, retirement contributions) are fully deductible.

Real Estate

RL Property Management

OCTOBER 23, 2024

From rent collection to legal compliance and maintenance, property management services free up your time and energy while ensuring your property remains profitable. They also respond promptly to tenant repair requests, coordinating with licensed and insured contractors to resolve issues quickly.

Property Management

Real Property Management California Coast

SEPTEMBER 22, 2023

These duties consist of: Initially, insurance: It is of the utmost importance to obtain comprehensive insurance coverage that is tailored to your property management operations. Non-negotiable is compliance with equitable housing laws. Liability is minimized and there are tax benefits with this option.

Property Management

Thanks For Visiting

OCTOBER 17, 2024

Always research local laws or consult a lawyer specializing in real estate to ensure compliance. Insurance Adequate insurance coverage is paramount, especially in the world of subletting. This includes liability insurance to protect you from potential guest incidents and property damage.

Airbnb

MRI Software

AUGUST 15, 2024

The contract should also specify pricing, payment terms, and any penalties for non-compliance. Ensure the contract covers liability and insurance requirements to protect your property and interests. Clearly define the frequency of services and the expected response time for urgent issues to ensure clarity and accountability.

Maintenance

Mem Property Management

JULY 24, 2024

Establishing a written policy for how to handle charging stations will ensure consistent enforcement and compliance across the community. As an added requirement, you can stipulate that the plan must have been designed by a licensed and insured contractor.

Government

MRI Software

AUGUST 6, 2024

Legal and compliance risks One of the most common legal multifamily risks relates to the Fair Housing Act, which prohibits discrimination based on disability, sex, race, national origin, religion, or familial status. Talk with contractors about payment plans or discounts to manage the financial burden more effectively.

Management

Buildium

APRIL 9, 2025

All contractors used for renovations must be properly licensed and insured. They should consider factors such as safety, aesthetics, and compliance with local building codes and zoning laws. They should consider the level of expertise required and ensure that the contractor is licensed and insured.

Management

Buildium

MAY 6, 2025

Do you plan to hire staff to handle these tasks or outsource to third-party contractors? Compliance and Risk Management Finally, starting or growing a business always comes with some level of riskespecially in a fast-moving industry like property management.

Property Management

Buildium

MAY 21, 2025

Assets include checking accounts, savings accounts, and accumulated depreciation of each property, while your liabilities could include refundable security deposits, credit card balances, and taxes/insurance owed on properties. Income Definition: The money your business earns from operations and other activities.

Property Management

RL Property Management

MAY 5, 2025

Youre still responsible for utilities, insurance, and property taxes regardless of whether the unit is occupied. Waiting on a contractor, a missed maintenance handoff, or slow scope approvals can each push your timeline by 3-5 business days. Just two weeks of vacancy could cost you $900 (not including turnover expenses).

Landlord