Buildium

NOVEMBER 5, 2024

With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds. Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold.

Property Management

American Apartment Owners Association

DECEMBER 18, 2024

It requires an understanding of the tax code, meticulous planning, and ongoing commitment to documentation. The 750-Hour Rule: You must spend at least 750 hours during the year actively working in real property trades or businesses where you materially participate. Navigating the path to REPS isnt always straightforward.

Real Estate

Condo Control

DECEMBER 9, 2024

Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

Condominium

Condo Control

MARCH 6, 2025

One of the many tricks that STAN AI can perform is document scanning. Upload governing documents, and STAN can analyze them in a matter of seconds. Condo Control also allows staff and residents to easily find information in its document database. This tool can even analyze PDFs and documents that have been scanned.

Condominium

Condo Control

JUNE 19, 2025

Keeping elevator parts clean can help ensure a smooth ride for everyone. Documentation Getting the work done is important, but keeping records of that work is equally important. Dirt and debris can cause significant wear and tear over time, leading to breakdowns.

Condominium

Condo Control

MAY 8, 2025

Now, communities are using free programs like ChatGPT to write or amend governing documents, polish meeting minutes and even get legal advice. AI screening software can vet tenants as well as contractors based on criteria that management controls. Some systems will even schedule viewing dates.

Property Management

Esquire Property Management Group

NOVEMBER 14, 2024

In some cases, property owners may have the option to use their own vendors to avoid this mark-up. However, managers often have access to a trusted network of contractors who can provide quality work at competitive prices. What are typical Administrative Fees charged by Commercial Property Managers?

Commercial Property Management

Florida Property Management

SEPTEMBER 11, 2023

Maintenance and Repair Management Property maintenance and repair management have become more efficient and transparent with technology. Landlords can use property management software to track maintenance requests, schedule repairs, and assign tasks to maintenance personnel or contractors.

Property Management

Property Management Inc.

NOVEMBER 26, 2024

While smaller property management companies may be able to stay on top of emails and phone calls, the chance that maintenance requests fall through the cracks grows as the amount of managed properties increases.

Property Maintenance

MRI Software

SEPTEMBER 30, 2024

Often part of a property management company, they provide expertise and support to ensure the property runs smoothly and efficiently. Their responsibilities include maintenance, tenant relations, and financial management. Property managers ensure that all financial transactions are transparent and properly documented.

Property Management

Real Property Management Choice

SEPTEMBER 28, 2022

You can create an online document to show the current condition of your property and upload it on your website so that anyone can access it before move-in. Doing so will help tenants learn about your property, for example, how laundry, garbage, and newspapers work in that area where someone wants to live.

Rental Property

MRI Software

DECEMBER 3, 2024

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

Residential Property Management

Renjoy

JULY 3, 2023

Additionally, inquiring about the focus on short-term rentals or other types of rentals helps determine the scope of services provided and specialization in managing properties. Are you a licensed Short Term Rental property manager? Not always a requirement for vacation rental management companies.

Rental Management

SparkRental

NOVEMBER 11, 2024

The Big Picture On The Best Passive Real Estate Investments: Passive real estate investing allows you to earn returns without the hassle of managing properties—options include REITs, crowdfunding platforms, private notes, and syndications. and I never field a phone call or negotiate with contractors. I’ve done all of that work.

Real Estate

Buildium

MAY 21, 2025

Whether youre a real estate broker looking to branch out, or completely new to the rental market, the property management hustle can offer lucrative, consistent opportunities. Like any business, though, it’s important to have a clear understanding of the potential income and expenses that come with managing properties.

Property Management

Beach Front Property Management

FEBRUARY 19, 2025

Additionally, blockchain enables secure, transparent, and compliant digitization of asset issuance, trading, and lifecycle management. While blockchain streamlines real estate transactions and automates key processes like securities handling, liability management, and document processing, real estate professionals remain invaluable.

Real Estate