Remove Consulting Remove Contractors Remove Finance
article thumbnail

How to conduct an HOA reserve study: A guide for community managers

Buildium

It provides a roadmap to plan for repairs and improvements and to keep the community’s finances stable. Keep in mind that hiring an outside consultant will come with a cost. If not, you can ask your reserve study professional or a licensed contractor to provide you with estimates. When Should I Conduct an HOA Reserve Study?

article thumbnail

Everything you need to know about apartment management in 2025

Buildium

Luckily, the same principles apply: keep units occupied, tenants engaged, operations running efficiently, and finances under control. Hire contractors using written agreements that outline scope, pricing, and timelines. Start by documenting your standard operating procedures for leasing, maintenance, communication, and finances.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Navigating Zoning Laws: Facilitating ADU Development in Urban Areas

Beach Front Property Management

Contacting professionals such as architects, designers, or ADU-specialized contractors can help ensure your plans meet the code and avoid delays during review. The accessory dwelling unit house plans should also include architectural drawings that demonstrate compliance with building and zoning standards.

article thumbnail

100+ Questions Every LA Multifamily Investor Should Ask

InveServe

Initial Investment & Financing (LA-Specific): What is the total acquisition cost (including purchase price, closing costs, due diligence, and potential seismic retrofitting a critical LA consideration)? What are my financing options specific to the LA market (local lenders, specialized programs)? InveServe, Corp.

article thumbnail

Buying Property in Big White

Lifty Life

It’s strongly recommended to consult a real estate accountant or tax advisor familiar with vacation rental properties before closing. Snow removal is essential, especially for driveways, decks, stairs, and roof edges — either done by strata or a private contractor. Can I finance a Big White property with a traditional mortgage?

article thumbnail

Geoarbitrage Real Estate Investing: How Living Abroad Can Supercharge Your Wealth

SparkRental

Always consult a licensed real estate consultant and/or financial advisor about your investment decisions. This blend of earning in a strong currency while living in a lower-cost country is known as currency arbitrage, and it can be a game changer for both personal finances and investment strategies.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Before doing anything tax- or accounting-related, consult a certified accountant. And, of course, consult a CPA to determine which deductions your business is eligible for. Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business.