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6 steps to airtight tracking for HOA violations [free templates]

Buildium

Property management software can help you issue and track violations from complaints to a first warning through legal action (should it be necessary). Send out notices from your software and then track them to ensure enough time is given to both residents and HOAs (more on that in step 4). #2:

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Property management accounting essentials: 6 must-have software features

Buildium

While not every solution will fit your specific business needs, there are certain features that you should look for in a quality property accounting software solution. If the property management software youre considering doesn’t include at least some of the following features, you may want to think about moving on.

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Run better HOA board meetings: Tips and tools for association managers

Buildium

As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. This position also involves preparing financial reports, managing contracts, and keeping all communication channels open and effective.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

eFiling through property management software can make each step of the process easier, allowing you to fill out 1099s in minutes and get them postmarked the same day. This not only speeds up the process for property managers, but also reduces the time and effort vendors, owners, and other partners have to spend.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Having property management software with accounting features can help you do that. Tracking every travel, marketing, legal, and vendor expense will pay off in the number of deductions you can take.

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What are the top technological advancements expected to impact property management companies in 2025

Condo Control

Now, communities are using free programs like ChatGPT to write or amend governing documents, polish meeting minutes and even get legal advice. Software platforms provide managers with easier and more efficient ways to complete tasks. Plus, good software ends up paying for itself.

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Understanding HOA finances: A practical guide for association managers

Buildium

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year.

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