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6 steps to airtight tracking for HOA violations [free templates]

Buildium

Property management software can help you issue and track violations from complaints to a first warning through legal action (should it be necessary). Of course, as the property manager, you should have your own working knowledge of HOA compliance, but the final approval should go through a legal professional.

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Run better HOA board meetings: Tips and tools for association managers

Buildium

As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. This position also involves preparing financial reports, managing contracts, and keeping all communication channels open and effective.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Having property management software with accounting features can help you do that. Every property management tax mistake is, at best, a missed opportunity to save money and, at worst, a potential compliance issue.

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Understanding HOA finances: A practical guide for association managers

Buildium

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year.

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Starting a Vacation Rental Business: 101 Guide

Hospitable

Visit your local government website to determine the necessary steps to ensure compliance. Prepare your property for guests Invest in comfortable mattresses and high-quality bedding, so your guests can have a good night's sleep after a long day of exploring your area.

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How do property managers verify income?

MRI Software

Investment Income To verify investment income, property managers typically request documentation that substantiates the income reported by the applicant. This compliance is critical to maintaining equitable treatment for all applicants. The post How do property managers verify income?

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Investing in affordable multifamily housing: Key benefits and risks to consider

MRI Software

On top of that, some local governments offer property tax reductions or grants to encourage affordable housing development. For example, if you choose to participate in Section 8 , you may also benefit from rent subsidies paid directly by the government. Financing can also be a challenge.