Condo Control

JULY 4, 2025

Right now, the majority of HOAs are using AI for communications , but some are also experimenting with maintenance and financial management. 25% say lack of finances is a top concern. 25% say lack of finances is a top concern. So, in one way or another, finances are putting a strain on HOAs. Can AI help you save money?

Compliance

Condo Control

JULY 4, 2025

Right now, the majority of HOAs are using AI for communications , but some are also experimenting with maintenance and financial management. 25% say lack of finances is a top concern. 25% say lack of finances is a top concern. So, in one way or another, finances are putting a strain on HOAs. Can AI help you save money?

Compliance

Bay Property Management Group

APRIL 23, 2025

Cons of Buying a Duplex: Managing a duplex comes with added responsibilities, such as handling tenant disputes, increased maintenance costs, and financing complexities that may differ from single-family homes. Higher Maintenance Costs Since you’re managing two units, you have double repairs and upkeep.

Single-Family Home

Bay Property Management Group

JULY 22, 2025

Main Takeaways Fourplexes offer multiple income streams and easier residential financing (like FHA/VA loans) while enabling “house hacking” for reduced living costs. Additionally, financing is easier than you might imagine. Consider seller financing Seller financing happens when the property seller acts like the bank.

Single-Family Home

Buildium

JUNE 16, 2025

Instead of manually assigning maintenance tasks, your system routes them based on issue type and availability. Maintenance and Vendor Workflows Maintenance coordination can become chaotic without clear processes. A maintenance request for a broken fridge was routed last night to the on-call technician and updated in your system.

Property Management

RL Property Management

JULY 16, 2025

Know Your Numbers Before You Buy Buying rental property is one of the smartest ways to build long-term wealth, but only if your financing strategy works for you, not against you. The financing you choose directly impacts your monthly cash flow, your stress level, and how quickly you can scale your portfolio. Your loan terms.

Finance

ADDA

MAY 29, 2025

Fund accounting is a method of organizing finances by purpose , rather than lumping everything into one pool. Here are some common HOA fund types: Operating Fund : Covers everyday expenses like landscaping, utility bills, routine maintenance, and management fees. Youll end up with inconsistent records and excessive manual work.

Finance

Condo Control

JULY 21, 2025

Long-term reserve planning Returning to condo/ HOA finances, ensuring your clients’ reserves are adequately funded is another must. Financial controls are part of a good risk management strategy; you anticipate threats that could potentially affect the association’s finances, then take steps to prevent or respond to those risks.

Management

Buildium

MAY 29, 2025

Whether youre sending a quick message, replying to a maintenance question, or sharing documents, everything stays organized and easy to find. Scenario: A tenant submits a maintenance request through a mobile portal at 7 p.m. The system notifies your maintenance team automatically. Everyone stays in the loopno extra effort.

Property Management

Buildium

MARCH 19, 2025

Whether you own a single rental unit or a large portfolio of properties, accounting software can help you manage your finances more effectively, reducing the stress associated with manual record-keeping. From rent payments and security deposits to maintenance expenses and property taxes, software organizes this data in a user-friendly format.

Rental Property

Buildium

MAY 29, 2025

For example: Maintenance requests are assigned and tracked in a shared queue. When you operate digitally, its easier to: Share detailed reports with real-time data Keep documents organized and shareable Show a clear record of communications, maintenance, and finances The difference is noticeable.

Property Management

Buildium

MARCH 19, 2025

Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. Maintenance Requests: Tenants can submit maintenance requests directly through the software , which can then be prioritized and assigned to the appropriate service provider.

Lease

ADDA

JULY 15, 2025

During the AGM, this report helps MC members clearly present all sources of income such as: Maintenance charges Clubhouse rentals Interest earned from FDs—and all expenditures across various heads like salaries, utility payments, minor repairs, or facility maintenance. This report also shows the digital adoption of the community.

Government

Buildium

JUNE 25, 2025

Luckily, the same principles apply: keep units occupied, tenants engaged, operations running efficiently, and finances under control. This guide covers what you need to know about leasing, communication, maintenance, budgeting, staffing, compliance, technology, and growth strategies. Avoid relying solely on reactive fixes.

Apartment Management

American Apartment Owners Association

JANUARY 29, 2025

For some, this may mean working out more often or starting a new hobby, but for otherslandlords and property managersit means organizing finances and preparing for the upcoming tax season. Tedious processes like tracking, organizing, and managing your finances are automated, freeing up your time to manage other aspects of your business.

Landlord

Buildium

MAY 29, 2025

Whether youre handling tenant requests in real time, coordinating with vendors, or keeping tabs on finances, the right tools in your pocket can turn hours of admin into minutes of smooth execution. Maintenance vendors want simple ways to receive and confirm work orders. Maintenance Tracking Create, assign, and monitor work orders.

Property Management

Buildium

JUNE 16, 2025

Property managers grant or revoke access remotely—ideal for new residents, maintenance teams, or emergency personnel. Tool to explore: ButterflyMX Automated Checklist Software Property managers handle many recurring tasks such as regular inspections, maintenance, compliance audits, and overseeing the move-in and move-out processes.

Property Management

ADDA

JANUARY 27, 2025

Best Society Management Software in Bengaluru: ADDA for Seamless Operations Managing apartment complexes in Bengaluru involves balancing responsibilitiesresidents’ communications, finances, security, and day-to-day operations. Maintenance schedules, new rules, and upcoming events will never miss being read by each member.

Management

Buildium

JUNE 16, 2025

From leasing to maintenance to finance, they allow property managers to work more efficiently by replacing manual effort with automated execution. Maintenance Automation Tools Maintenance requests come in at all hours. Maintenance automation tools keep things moving smoothly, from intake to resolution.

Property Management

Buildium

JULY 21, 2025

It provides a roadmap to plan for repairs and improvements and to keep the community’s finances stable. But, no matter what you spend, it will typically cost less and be less stressful than unexpected maintenance, compliance, or financial forecasting issues down the road. When Should I Conduct an HOA Reserve Study?

Management

ADDA

JANUARY 21, 2025

Implement Cost-Efficient Maintenance Practices : Incorporate preventive strategies like regular asset reviews to optimize long-term expenses. Vinay Thyagarajs session focused on financial compliance and the critical role of estate managers in managing finances, statutory compliance, and creating value for the community.

Management

Bay Property Management Group

APRIL 4, 2025

Also, they’re usually responsible for paying all its taxes and handling all its maintenance. Ongoing Obligations: You may be responsible for property taxes, maintenance, and insurance, even though you dont own the land. In the end, some lenders may outright refuse to finance properties on leased land.

Lease

Bay Property Management Group

MARCH 14, 2025

Possible Downsides Higher Maintenance Costs: Inflation makes repairs and upkeep more expensive since labor and materials cost more. To stay ahead, consider locking in service contracts at fixed rates or setting aside a maintenance fund for surprise expenses.

Rental Property

BetterWho

MAY 28, 2025

Step 4: Handle Maintenance Like a Pro You cant afford maintenance chaos especially when starting out. Build this from the start: Clear maintenance workflow (with a ticketing system) Preferred vendor list with pricing expectations RTM handling comms and triage (instead of you) Read: What Is Property Maintenance Really Costing You?

Property Management

Bay Property Management Group

MARCH 31, 2025

Duplex Benefits: Condos tend to be affordable and lower maintenance, with shared amenities managed by an HOA. Condo vs. Duplex Disadvantages: Condos tend to have HOA fees and slower appreciation, while duplexes typically require higher upfront costs, more maintenance, and may be harder, or cost more, to finance. What is a Condo?

Single-Family Home

Buildium

AUGUST 1, 2025

Property owners expect property managers to do more than just collect rent and handle maintenance. For example, you can track whether occupancy rates, maintenance costs per unit, rent collection speed, and other metrics are improving, stagnating, or worsening, and make adjustments accordingly.

Property

Buildium

JUNE 12, 2025

It covers nearly every aspect of property management, including leasing, rent collection, maintenance tracking, and accounting. You are using an outdated browser. Please upgrade your browser to improve your experience and security. Buildium stands out for its ability to grow with your business.

Property Management Software

Bay Property Management Group

MARCH 25, 2025

Its a straightforward way to confirm someone’s finances without diving into loads of paperwork. We can also handle maintenance, repairs, accounting, inspections, and more. Landlords can ask tenants for a letter from their employer, which typically verifies the tenant’s job, position, and income.

Apartment

Esquire Property Management Group

FEBRUARY 2, 2025

Being open and honest about maintenance difficulties, tenant complaints, and financial concerns is an essential component of transparency. The maintenance of a property is vital for maintaining the value of the property and ensuring that tenants are satisfied.

Property Management

RL Property Management

JULY 24, 2025

They’re easier to finance , simpler to manage, and typically located in stable, family-friendly neighborhoods where tenant demand remains consistent. These properties often appeal to renters who treat the home like their own, leading to better care and fewer maintenance issues. One tenant, one lease, one set of maintenance concerns.

Single-Family Home

Bay Property Management Group

FEBRUARY 25, 2025

A high yield can make it easier to secure loans or get better financing options for future investments. It factors in expenses like property taxes, maintenance, insurance, and management fees. Leverage: If youve financed your property with a mortgage, your loan repayments and interest rates can impact your yield.

IT

ADDA

JULY 21, 2025

It manages finances, security, upkeep, and correspondence with the local government. Why: You’ll need this account to collect maintenance dues, pay vendors, and manage all financial transactions transparently. Define and Implement Maintenance Fee Structure Decide how maintenance charges will be calculated (per sq.

Government

ADDA

JULY 20, 2025

These consist of: Monthly meetings of the regular managing committee are held to oversee daily operations, including administrative updates, maintenance budgets, and vendor approvals. Other Items Discussed: The secretary should follow up with the maintenance team after Mr. C expressed concern about water logging close to Tower B.

Management

ADDA

JULY 16, 2025

Running a housing society today involves much more than handling maintenance bills and visitor logs. For HOA Boards / Management Committees: You already have tools like ADDA ERP to manage your accounting, finances, communication, and compliance. That part is covered. That’s where the power of ADDA’s integrations shines. No confusion.

Apartment

RL Property Management

APRIL 3, 2025

Maintenance Is Eating Up Your Weekends (and Wallet) 4. Maintenance Is Eating Up Your Weekends (and Wallet) Maintenance is one of the biggest time-sucks in property managementand one of the most expensive if its not handled proactively. From routine repairs to preventative maintenance, they handle it efficiently and affordably.

Property Management

Bay Property Management Group

JULY 15, 2025

In fact, property management companies in Northern Virginia often assist the owners in handling everything—from finding great tenants to keeping up with repairs and maintenance. More Maintenance Responsibility SFHs often come with yards, driveways, and more square footage. SFHs are common in many neighborhoods. Can You Rent Out an SFH?

Real Estate

American Apartment Owners Association

APRIL 16, 2025

Assess the Age of Your HVAC System HVAC systems typically last between 10 to 15 years, depending on maintenance plans and usage. When routine maintenance and component replacements fail to correct these uneven conditions, it typically indicates systemic failure. Read on to learn how to decide whats best for your apartment.

Apartment