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California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

Signed into law in September 2024, California Assembly Bill 2622 (AB 2622) introduces updates to the Contractors State License Law that directly benefit property owners and renters. AB 2622 raises the dollar threshold for contracting work that does not require a licensed contractor. Benefits of AB 2622 for Landlords and Homeowners 1.

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Effective asset management property maintenance: Strategies for property managers

Buildium

Additionally, property managers should work to build long-term relationships with reliable contractors and service providers, negotiate favorable contracts, and carefully manage maintenance costs. Minimizing legal risks requires maintaining proper documentation, conducting regular inspections, and staying updated on relevant regulations.

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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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Navigating Zoning Laws: Facilitating ADU Development in Urban Areas

Beach Front Property Management

Local zoning laws posed challenges earlier, but many cities and states now have more flexible regulations. Contacting professionals such as architects, designers, or ADU-specialized contractors can help ensure your plans meet the code and avoid delays during review. What Are ADUs and Why Are They Important?

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Are Housing Societies Taxable? Income Tax Rules Every RWA and Apartment Association Must Know

ADDA

Interest on bank FDs or savings accounts (unless they are in a cooperative bank) Bangalore Club v. CIT (2013) made it clear that interest from non-member sources, like banks, violates mutuality. It is taxable under “Income from Other Sources.” Mutuality does not apply here. How Do AOA and CHS Get Taxed?

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HOA Candidate Qualifications: Not Everyone Can Run For Position

HOA Managememt

Vendor or contractor relationship: To avoid any conflict of interest, HOAs disqualify homeowners affiliated with vendors. By making sure HOA candidate qualifications are followed, it ensures: Better governance: Candidates are financially responsible and comply with all relevant laws and regulations.