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Understanding HOA finances: A practical guide for association managers

Buildium

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. In this guide, we give you the full HOA finances picture. What are HOA Finances? Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity.

Finance 245
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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.

Property 200
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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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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?

Finance 130
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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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How to Become a Tiny House Landlord

American Apartment Owners Association

Some areas may regulate ADUs or require specific foundation types. It is highly recommended that you hire a builder who is also familiar with the tiny home laws and regulations for the county in which you will be developing. Do your due diligence, learn local regulations, market it wisely and you, too, can be a tiny house landlord.

Landlord 255