Remove Compliance Remove License Remove Rental Unit
article thumbnail

What Is a Mother-In-Law Apartment & Should You Have One?

Bay Property Management Group

Main Takeaways Mother-in-law apartments offer flexible living solutions , serving as spaces for aging relatives, guests, or rental units that can generate extra income. property management isnt just about fixing leaky tapsits knowing whether you can legally rent out that little unit in your backyard without breaking any rules.

Apartment 130
article thumbnail

Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Complying with Californias Balcony Laws SB 721 and SB 326 With the deadline for SB 721 and SB 326 compliance fast approaching, David Atkins will walk you through the inspection and repair processes required for rental properties with balconies, decks, and other elevated structures.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Top Tips When Buying Investment Property in Boca Raton

Florida Property Management

Property is an immovable asset and therefore, its value and rental demand are derived from the surrounding amenities and infrastructure. Which amenities would they prioritize in their choice for a rental unit? There is also compliance with State and federal laws, tenant screening, financial reporting, and property inspections.

article thumbnail

5 Myths About Deleading

Real Property Management Choice

The only way to be sure about the presence of lead paint is to hire a licensed inspector. Out of 5 or 6 projects this year, we did not find extensive lead based paint in any of the units. Quotes for deleading can range wildly; project costs of bringing properties into compliance this year ranged from $800 to $2500.

article thumbnail

Airbnb vs Multifamily Investing | Which is Better?

MRI Software

Multifamily investment, on the other hand, involves purchasing buildings with multiple rental units leased to long-term tenants. Expenses such as professional photography, marketing, and compliance with local regulations can add to the overall investment.

Airbnb 40
article thumbnail

How Much Is the Fine for Renting an Illegal Apartment in D.C.?

Bay Property Management Group

The exact amount depends on the severity of violations, including missing a Basic Business License (BBL) or a Certificate of Occupancy (C of O). If authorities deem the unit unsafe or non-compliant, landlords could be forced to shut down the rental and compensate tenants for relocation. ’s housing regulations.

Apartment 130