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Finding the Perfect Multifamily Property

American Apartment Owners Association

Consult with a real estate agent Find a realtor who specializes in the acquisition and disposition of multifamily assets in your target area. Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. It is recommended that you to guide you through the bewildering process.

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Understanding the 1031 exchange timeline: A step-by-step guide for property managers

Buildium

Tips for a Successful 1031 Exchange To navigate the 1031 exchange process smoothly, consider the following tips: Engage a Qualified Intermediary: A qualified intermediary is required for facilitating the exchange and ensuring compliance with IRS regulations. It’s important to note that not all properties qualify for a 1031 exchange.

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BOI Reporting: Corporate Transparency Act Update (Feb. 2025)

Yardi Breeze

To uphold industry trust and transparency, it matters that your business takes steps to be in line with federal regulations. Legal developments Most companies established after March 1, 2024, have been required to comply with the new BOI reporting regulations. Smaller operators might need to hire legal counsel.

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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.

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

To uphold industry trust and transparency, it matters that your business takes steps to be in line with federal regulations. As of March 1, 2024, most companies must comply with the new BOI reporting regulations. The deadline itself hasnt changed. It just changes enforcement of the law, she said. According to Joe, It depends.

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5 Creative Ways to Get Bad Tenants Out

American Apartment Owners Association

Consulting a landlord-tenant lawyer ensures you follow the correct legal steps. Remember to check local regulations regarding rent increases and communicate openly with tenants. Staying within legal boundaries and consulting professionals will guide you through the process effectively. Heres how to handle it effectively: 1.

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A Fair Housing Challenge: The Use of Marijuana

American Apartment Owners Association

Navigating the legalities of marijuana use within property management is an ongoing challenge as states increasingly adopt diverse regulations. This discord between state and federal regulations often confuses housing policies. The post A Fair Housing Challenge: The Use of Marijuana appeared first on AAOA.