Lifty Life

JULY 18, 2025

In-suite laundry Often full-sized washer and dryer in a dedicated utility/laundry closet. Emergency exit routes & signage Clearly marked exits and compliance with local fire evacuation protocol Parking & Storage Secure underground parkade Gated entry with remote or fob access for residents only.

Airbnb

McKee Properties

FEBRUARY 10, 2025

Property managers act as intermediaries, handling tenant concerns, property maintenance, rent collection, and legal compliance. Deep Understanding of Legal and Compliance Standards The complexity of rental laws is no secret. Ensure Licensing and Certifications Do they hold state-required real estate licenses?

Property Management

Lifty Life

JUNE 24, 2025

Requirements for Short Term Rentals While there are no business license or permit requirements for operating short-term rentals, owners must: Ensure strata fees are current (delinquent accounts may lose voting rights) Abide by community standards in the bylaws (e.g.,

Airbnb

Zeevou

APRIL 6, 2025

More properties mean higher costs for cleaning, maintenance, utilities, software subscriptions, and staffing. How to Overcome This Challenge: Use Budgeting and Accounting Tools: Platforms like QuickBooks and Xero help track income and expenses, generate financial reports, and ensure tax compliance.

Airbnb

Rentals United

JULY 15, 2025

Often, you need to agree on who provides not only the service but also the utilities for making the site a viable destination, suitable for people to stay at,” Thom said. Take in mind that you may also need building permits, health department inspections , and business licenses, depending on your setup.

Consulting

Forbes Business Council

JUNE 11, 2025

for Forbes Business Council COUNCIL POST Expertise from Forbes Councils members, operated under license. for Forbes Business Council COUNCIL POST Expertise from Forbes Councils members, operated under license. Utilizing predictive analytics and automation can help ensure effective care delivery, especially in high-demand areas.

Insurance

Fourandhalf

DECEMBER 19, 2024

Are they in a database for licensing and insurance? All of that labor comes with no guarantee that those bids are even getting done, and those are hours that can be utilized elsewhere in your business. Are they in a database for licensing and insurance? Do they come with the right warranty? Are the vendors even qualified?

Property Management

AirKeeper

FEBRUARY 26, 2025

Common deductible expenses include property management fees, maintenance and repairs, utilities, insurance, and depreciation. Many cities and regions have evolving policies regarding holiday rentals, including restrictions on rental periods, zoning laws, and licensing requirements.

Property Management Services

Yardi Breeze

DECEMBER 6, 2024

Affordable housing operators may want to consider adding RentCafe Affordable Housing , which allows residents to apply or recertify via integrated compliance workflows. If you’ve licensed Lease Builder Plus with Breeze Premier, you can utilize Blue Moon leases. Is RentCafe only available in Breeze Premier?

Property Management Software

Host Tools

NOVEMBER 13, 2024

The diligence period also involves confirming that the property’s existing permits and licenses comply with local regulations. This analysis should consider all costs, including mortgage payments, insurance, utilities, cleaning and management fees, and potential vacancy periods. On-site visits are equally important.

Real Estate

Tokeet

AUGUST 12, 2024

Real Estate License : Required in many states to legally manage properties. Passing the state exam is necessary to obtain the license. Step 4: Obtain Necessary Licenses To become a property manager, it’s essential to acquire the necessary licenses and certifications.

Property Management

MRI Software

AUGUST 2, 2024

Gathering Business Documentation: Request business licenses, contracts, or invoices that can provide additional proof of ongoing work and income. This compliance is critical to maintaining equitable treatment for all applicants.

Property Management

Nest DC

OCTOBER 4, 2023

As a housing provider, you are responsible for maintaining the property, addressing tenant concerns promptly, and ensuring compliance with local laws and regulations. This includes understanding tenant rights, fair housing laws, and rental licensing requirements. Utilize online platforms, and social media to reach a broader audience.

Rent

Hosty

SEPTEMBER 6, 2023

Legal Aspects: Licenses and Permits Once you’ve decided on a location, you’ll need to obtain all necessary licenses and permits, including a short-term let license from The City of Edinburgh Council. Additionally, you must adhere to safety regulations, such as installing fire alarms and gas safety checks.

Airbnb

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. Utilize large and small rental sites, social media, and your own networks. Not to mention confirming they are licensed, bonded, and insured.

Rental Property

Property Management Inc.

NOVEMBER 26, 2024

These typically include doing full remodels of the bathroom or the kitchen since utilities are involved. Typically, it’s required that they be licensed and insured. When it comes down to it, if unsure, it’s just best to seek approval before a project to ensure that HOA compliance is being met.

Contractors

Host Tools

JANUARY 8, 2025

If you’re already invested, Hire an attorney or local consultant who specializes in rental compliance. Obtain Necessary Licenses: Acquire permits to avoid hefty fines. Tip: Research local and HOA regulations thoroughly before purchasing a townhome. Some cities or HOAs impose bans or limits.

Airbnb

Host Tools

DECEMBER 26, 2024

Utilize the equity from your existing properties to secure financing for additional rental investments. Rental Regulations: Some locations may require permits, licenses, or compliance with specific safety standards to operate as short-term rentals. This can be a practical option for large-scale purchases.

Rental Property

Host Tools

JANUARY 15, 2025

Prepare utilities, clear space, and complete any final paperwork. Understand short-term rental taxes and licensing requirements. However, it requires careful planning, attention to detail, and compliance with legal regulations. The team will help create and submit your formal permit proposal to your local government.

Property Management Software

SparkRental

DECEMBER 18, 2024

Always consult a licensed real estate consultant and/or financial advisor about your investment decisions. syndications, these agreements enable you to utilize future gains and potentially reduce your tax obligations. Compare Investor Loans SEC Regulations and Compliance Requirements When investing in U.S.

Real Estate

MRI Software

MARCH 5, 2025

Expenses such as professional photography, marketing, and compliance with local regulations can add to the overall investment. Costs such as repairs, property management fees, and utilities tend to be more predictable and manageable over time.

Airbnb

Buildium

MAY 21, 2025

Taxes, compliance, property forecasting, and investment decisions all depend on a complete picture of your properties finances. #5: Be specific and detailed, including accounts for rent, maintenance costs, utilities, and property taxes. Record every single transaction in the same place. Can I customize my chart of accounts?

Property Management

Bay Property Management Group

MAY 30, 2025

Main Takeaways Understand the essentials: Rental property inspections assess safety, structural integrity, and compliance with local regulations before leasing or during tenancy. With these inspections, you can make sure you’re compliant with the law, especially local rental licensing requirements. Read along to learn more.

Rental Property

Forbes Business Council

JUNE 10, 2025

for Forbes Business Council COUNCIL POST Expertise from Forbes Councils members, operated under license. for Forbes Business Council COUNCIL POST Expertise from Forbes Councils members, operated under license. For example, reaching 85% capacity utilization or a 20% demand spike might prompt investments in staff or infrastructure.

Insurance

RL Property Management

APRIL 9, 2025

Ask how they ensure compliance and whether they use third-party software or in-house review. Are they licensed and insured? Also, look out for hidden fees : charges for owner disbursements, utility transfers, or vague “admin” items. Beyond the technicalities, ask how often they deny applications and why.

Property Management