article thumbnail

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. Although it is not mandatory that rental owners purchase landlord insurance , most lenders will require it if you are financing the property or hold a mortgage on it.

Property 200
article thumbnail

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. good schools, and public transport. Financing Options If you plan to live in one unit, you could benefit, financing-wise.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Climate Finance Meets Fintech: Innovation For A Sustainable Future

Forbes Business Council

Subscribe To Newsletters Climate Finance Meets Fintech: Innovation For A Sustainable Future By Edoardo Francesco Sabatino for Forbes Business Council COUNCIL POST | Membership (fee-based) Share Save Small Business Climate Finance Meets Fintech: Innovation For A Sustainable Future By Edoardo Francesco Sabatino , Forbes Councils Member.

Finance 75
article thumbnail

How Do Apartments Verify Income?

Bay Property Management Group

This rule helps landlords check that tenants can pay rent comfortably and still cover the other essentials, like utilities, groceries, and transportation. Its a straightforward way to confirm someone’s finances without diving into loads of paperwork. Why Does This Rule Matter? Its a win-win for both the landlord and the tenant.

Apartment 130
article thumbnail

The 5 best rental markets in Illinois for investors & property managers in 2025

Buildium

Illinois has a diverse and resilient economy anchored by industries like manufacturing, agriculture, finance, healthcare, and logistics. The state benefits from its central location as a national transportation hub. Bloomington is located roughly two and a half hours from both Chicago and St.

article thumbnail

Scaling Up: Transitioning from Single-Family to Multi-Family Rentals

Real Property Management Chicago

For instance, purchasing single-family homes is equivalent to financing multi-family properties with four or fewer units using residential mortgages. On the other hand, commercial property is bought using commercial financing and is valued using a formula rather than on similar properties.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

You can also deduct your expenses such as airfare, transportation, and hotel when you go out of town for business. A good property management software will have accounting tools tailored to the needs of property managers, who are handling not only their finances, but those of their ownersnot to mention security deposits from tenants.