HOA Managememt

JUNE 23, 2025

Why an Interim HOA Board Matters If your HOA doesn’t have an active governing body, expect problems to happen instantly. Read the governing documents. State laws and the community’s own governing documents spell out what the board can and can’t do. An interim HOA board steps in to avoid that. What Should Homeowners Expect?

Government

Rentals United

JULY 30, 2025

Short-term rentals (STRs) continue to gain popularity across global markets — and so do the regulations that govern them. In England, government plans include national STR registration combined with mandatory planning registration for long lets. Safety and insurance Operating legally involves adhering to health and safety standards.

Regulation

Avantio

JULY 7, 2025

Local governments, especially in coastal areas like Miami Beach and Fort Lauderdale , are pushing back. 509.032(7)(b)) prevents local governments from prohibiting or regulating the duration/frequency of short-term rentals, unless the ordinance was in place before June 1, 2011. So What’s the Problem? Preemption Clause (F.S.

Property Manager

Condo Control

FEBRUARY 5, 2025

The professional will review maintenance records and interview directors, employees and agents of the corporation, and deliver a reserve fund projection that spans at least 30 years. Class 1 – Comprehensive study A physical examination of the property must be conducted. Who can perform studies?

Condominium

Thanks For Visiting

JULY 22, 2025

While your cleaning and maintenance team should be sharpening the knives regularly, that is not always enough. Regular maintenance is just as important as the initial installation itself. Detector Type Ideal Placement Maintenance Tip Smoke Detector Inside each bedroom, outside each sleeping area, and on every level of the home.

Airbnb

Hospitable

JUNE 27, 2025

Solution To avoid the risk of penalties for operating an illegal Airbnb business, all Airbnb hosts must understand the laws governing their city. This Airbnb insurance policy automatically protects all hosts who list their properties on the platform, so you don’t have to register for it.

Airbnb

HOA Managememt

MAY 8, 2025

Alabama Homeowners Association Act (2015) Effective January 1, 2016, Alabamas Homeowners Association Act governs homeowners associations created after that date. Existing HOAs can opt in by amending their governing documents. Mandates disclosures to buyers about HOA membership, assessments, and governing documents.

Condominium

Hospitable

JUNE 17, 2025

Research local laws and regulations Conduct thorough research to understand the laws and regulations governing short-term rentals in your target markets. Contact the city or municipality or check the local government's website to find out if you can run an Airbnb business there. Keep in mind that not all markets are STR-friendly.

Airbnb

Buildium

APRIL 21, 2025

Here are some suggested questions to make sure you have your accounts correctly structured as a trust: How much is my trust account or trust accounts, insured for in totalseparate from the other company accounts? If the bank were to receive a letter of intent to lien from the IRS, would the bank freeze the assets in my trust accounts?

Property Manager

American Apartment Owners Association

JULY 14, 2025

In California, Senate Bill 326 (SB326) is transforming how Homeowners Associations (HOAs) and community boards manage the safety and maintenance of multi-family residential properties. SB326 applies specifically to: Condominium projects governed by a homeowners association. Increased insurance premiums. Who Does SB326 Apply To?

Condominium

HOA Managememt

APRIL 22, 2025

What Typically Falls Under the HOA Tree Removal Policy Each HOA is governed by its governing documents, including bylaws, CC&Rs (Covenants, Conditions, and Restrictions), and landscape maintenance agreements. In these cases, the association usually arranges for routine maintenance and emergency trimming as needed.

Government

Fourandhalf

JUNE 12, 2025

This might be a 24/7 maintenance line, leasing automation, and a resident-benefit package (RBP). The airline industry has done a good job of convincing the government that their ancillary fees are necessary in keeping ticket costs down. This might be a 24/7 maintenance line, leasing automation, and a resident-benefit package (RBP).

Property Manager

MRI Software

MAY 22, 2025

Agencies Federal Housing Administration (FHA):The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the United States and its territories. The FHA is the largest insurer of mortgages in the world, insuring mortgages on single-family, multifamily, and manufactured homes and hospitals.

Finance

Condo Control

JANUARY 10, 2025

Some HOAs hand off those types of maintenance responsibilities to owners, but thats not always the case. Contact the HOAs insurance company The association must also notify its insurance carrier upon service of the lawsuit. These claims often involve things like roofs and pipes. Some types of litigation may be covered.

Litigation

Buildium

OCTOBER 21, 2024

The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits.

Finance

HOA Managememt

AUGUST 8, 2024

Specific duties can vary depending on state laws and the governing documents. Without an HOA board, these tasks would fall by the wayside. What Happens to an HOA With No Board? An HOA without board members is like a country without leaders. Without a HOA board, the association would cease to operate as designed.

Education

Condo Control

DECEMBER 6, 2024

Governed communities are getting harder to avoid. Considering more Americans will be living in governed communities, we thought it would be interesting to see what trends have shaped these communities over the past 6 years. Thats likely because owners can sell their homes for more when they belong to a governed community.

Condominium

American Apartment Owners Association

DECEMBER 16, 2024

Maintenance and repairs Landlords are responsible for maintaining the rental property in good condition, ensuring that necessary repairs are made promptly. Essential laws governing landlord entry rights Landlord entry rights are regulated by specific laws to ensure that tenants privacy and enjoyment of the property are protected.

Landlord

Condo Control

NOVEMBER 7, 2024

Repairs and maintenance on behalf of the owner A corporation can complete repairs or maintenance on behalf of an owner and charge them back for this. They will be asked to pay for the repair, or the condo’s insurance deductible limit, whichever is less. 133 of the Strata Property Act.

Condominium

ADDA

APRIL 17, 2025

a seasoned Residential Welfare Association (RWA) Consultant with over a decade of experience, led an insightful session on the intricacies of financial governance for RWAs. The 3 Pillars of Financial Governance A housing societys financial governance stands on: A well-planned annual budget (April to March). lifts, fire safety).

Compliance

HOA Managememt

MAY 10, 2025

Anything lower raises concerns about financial risk and may limit access to loans or insurance. Remember to also consider state laws regarding how reserve funds must be held, including FDIC insurance requirements and investment limitations. Use FDIC-insured accounts or government-backed instruments.

Management

Buildium

NOVEMBER 5, 2024

You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business. If the rental property owner is established as a corporation, you do not need to file a 1099-MISC form for payments made to that company. Again, this exemption does not apply to LLCs.

Property Manager

Beach Front Property Management

SEPTEMBER 26, 2024

It outlines details like pet policies, guest allowances, parking, and maintenance procedures. You can research local laws through your state government website. Repairs and Maintenance. Clearly outline responsibilities for maintenance and repairs to avoid disagreements.

Lease

AirKeeper

JANUARY 5, 2025

Insurance Considerations Standard homeowner insurance policies often do not cover short-term rentals. Airbnb offers its Host Guarantee and Liability Insurance programs, but additional short-term rental insurance may be necessary to address coverage gaps. Keeping detailed financial records is essential for compliance.

Airbnb

Muldoon Associates

NOVEMBER 7, 2024

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. The worst mistake you can make as a rental property owner, however, is delaying or ignoring maintenance needs. That starts with good insurance.

Lease Agreement

Rental Choice

AUGUST 6, 2024

Apart from this, federal, state, and local governments often restrict various types of smoking. Federal Law The federal government regulates both tobacco and marijuana. Moreover, no federal or state law universally grants people the freedom to smoke wherever or whenever they want. Let us discuss the former first.

Apartment

Condo Control

FEBRUARY 14, 2025

5 ways condominiums can save money Reduce administrative costs Hire companies that offer value Experiment with AI Improve energy efficiencies Consolidate subscriptions/services Depending on where you live, your community may also be struggling with insurance fees, legal requirements, or labor shortages.

Condominium

Property Management Inc.

NOVEMBER 26, 2024

There is one catch to taking this deduction; the catch is that the government doesn’t forget that it gave you this break and you have to pay those taxes when you sell the property. INSURANCE PREMIUMS Rental property insurance premiums are tax deductible. Then divide $225,000 by 27.5

Rental Property

Mem Property Management

AUGUST 5, 2024

Your first line of defense is your insurance policy. This usually includes maintenance expenses, management fees, landscaping expenses, insurance premiums, and the like. If your HOA’s insurance is insufficient, then homeowners should be prepared to pay association assessment fees. Who Pays Special Assessment Fees?

Government

Hospitable

DECEMBER 3, 2024

They include mortgage or rent payments, property taxes, insurance, utilities, maintenance and repairs, cleaning, and management fees. Property taxes are imposed by local governments based on the assessed value of the property. Each component affects the total occupancy cost.

Insurance

Host Tools

NOVEMBER 13, 2024

Property condition and maintenance A thorough inspection of the property is essential during the due diligence period. Knowing the property’s condition beforehand helps investors budget for repairs and maintenance. Consistent maintenance is also key for long-term success. On-site visits are equally important.

Real Estate

Host Tools

DECEMBER 8, 2024

Property taxes Your local government determines these based on the assessed value of your property. Insurance This includes standard homeowners’ insurance and additional policies specific to short-term rentals, such as liability coverage. Costs may fluctuate depending on usage and efficiency.

Utilities

MRI Software

DECEMBER 9, 2024

Typical operating expenses for multifamily expenses fall into predictable categories like maintenance, utilities, and property management fees. Fixed and variable multifamily expenses Fixed multifamily expenses, like property taxes and insurance premiums, stay relatively stable year-round.

Management

Authority Property Management

JULY 26, 2024

If Proposition 33 passes, these restrictions would be removed, enabling local governments to implement rent control on any type of housing, regardless of when it was built. Maintenance and Upgrades With capped rental income, property owners might find it challenging to maintain and upgrade their properties.

Real Estate

Nest DC

JANUARY 4, 2024

Maintenance Issues Small problems in your property can get worse if no one's there to notice them. Insurance Challenges Some insurance policies for rental properties have special rules about empty houses. If something bad happens when no one's living there, you might not be fully covered by your insurance.

Rental Property

Authority Property Management

FEBRUARY 10, 2024

Decoding the Surge: Interest Rates, Insurance, and the Housing Shortage Fueling California's Rent Increase In recent years, renters across California have faced a perplexing and challenging reality: increasing rental prices. As demand continues to outstrip supply, rents have naturally inclined upwards.

Rent

Real Property Management DC Metro

MAY 10, 2012

This includes making rental payments, reporting maintenance, handling emergencies/disasters, checking smoke alarms, practicing good neighbor policies, buying renter’s insurance, and more. Review Your Insurance This is probably the most obvious and important item to have in place for unwanted events.

Insurance