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Is Your Community Finance-Ready for Next Quarter?

ADDA

Complete Financial Control: Offers multiple approval levels, detailed audit trails, and customizable reporting for comprehensive control over your finances. Compliance-Ready: Ensure your society remains fully compliant with governmental regulations effortlessly. The post Is Your Community Finance-Ready for Next Quarter?

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Finding the Perfect Multifamily Property

American Apartment Owners Association

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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How Fund Accounting Helps HOAs Stay Organized and Transparent

ADDA

Fund accounting is a method of organizing finances by purpose , rather than lumping everything into one pool. Fund accounting keeps your HOA on the right side of those regulations. Pro Tips for Doing Fund Accounting Right Stick to accrual accounting for a more accurate view of your finances. What Is Fund Accounting?

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How property managers can expand their business by acquiring other property management companies

Buildium

Set a realistic budget and decide how you’ll finance acquisitions. Financing the Acquisition Acquiring another company requires funding, and knowing your financing options can help you structure deals that align with your goals and cash flow. Common Financing Options You don’t need to pay for acquisitions in cash upfront.

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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. In terms of financing, your professional background can also give you an edge. You can also evaluate creative options such as seller financing or partnerships with much sharper eyes.

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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. Working Around HOA and Community Rules Homeowners Associations (HOAs) and neighborhood covenants often introduce an extra layer of regulation. What Are ADUs and Why Are They Important?

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Buying A Duplex: What You Need to Know

Bay Property Management Group

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. Financing Options If you plan to live in one unit, you could benefit, financing-wise. You can make it more compact.