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Best practices for expanding your property management portfolio into new markets

Buildium

This limits your exposure to region-specific challenges, such as real estate regulations and natural disasters. Assessing Local Regulations and Policies Rental regulations and policies can significantly impact profitability. Building Local Partnerships Partner with local real estate agents, contractors, and real estate lawyers.

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental ownership. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. These are exactly the areas where new investors struggleand where you can excel immediately.

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Maximize your rental business with small landlord property management software

Buildium

Property management software typically includes features for tracking maintenance requests, scheduling repairs, and managing contractors. Legal Compliance The legal landscape for rental properties is complex, with various regulations to adhere to. This helps you spot and fix issues quickly.

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Get Your First 100 Doors with These Property Management Tips

Buildium

Legal Compliance : Ensure adherence to local landlord-tenant laws and fair housing regulations. Contractors: Ask vendors to refer owners who need management help. If you’re interested in how Buildium can help you reach your growth goals, check out our free 14-day trial , no credit card required, or schedule a demo.

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Everything you need to know about apartment management in 2025

Buildium

Forecasting Tips for On-Time, On-Budget Rental Property Maintenance Staff, Contractors, and Vendor Management for Apartment Management Efficient operations rely on a dependable team and responsive service providers. Hire contractors using written agreements that outline scope, pricing, and timelines. One standout platform is Buildium.

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A Complete Guide to Commercial Building Maintenance: Checklists, Costs, and Schedules

MRI Software

Regular upkeep not only prevents costly repairs but also improves energy efficiency, ensures compliance with regulations, and enhances the overall experience for occupants. Regular testing and servicing of fire alarms, sprinkler systems, and extinguishers ensure compliance with local fire codes and regulations.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too. A single account through which all money passes simply wont cut it.