Remove Government Remove Regulation Remove Rental Income
article thumbnail

Understanding Non-Occupancy Charges in Housing Societies

ADDA

Share benefits of rental income with the society. Maharashtra: Legally Capped at 10% Governing Law: Maharashtra Cooperative Societies Act, 1960 Key Regulation: Government Order under Section 79A dated 1 August 2001 caps NOC at 10% of the service charges component of monthly maintenance.

article thumbnail

Solving California’s Housing Crisis: 5 Ways Strategic Property Management Supports Affordable Housing Success

Beach Front Property Management

This requires both business savvy and people skills to balance the financial intricacies, regulations, and community needs. An equal priority is ensuring that residents who negatively impact the community are dealt with appropriately, quickly, and according to all applicable laws and regulations.

Insiders

Sign Up for our Newsletter

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

article thumbnail

What Is a Rent Stabilized Apartment? What You Need to Know

Bay Property Management Group

Investors see rent-stabilized units as steady assets , offering lower turnover and consistent demand despite slower rental income growth. For renters and landlords dealing with regulated units, working with experienced Washington D.C. Usually, this is just a small percentage, set by local regulations.

article thumbnail

What Is An Easement In Real Estate? What To Know

Bay Property Management Group

These rights are often granted to neighbors, utility companies, or government entities for different purposes. They can affect what and where you can build , influence privacy, and impact rental income or resale value, especially if they restrict property use. They may occasionally enter the property for repairs.

article thumbnail

What Is a Mother-In-Law Apartment & Should You Have One?

Bay Property Management Group

Main Takeaways Mother-in-law apartments offer flexible living solutions , serving as spaces for aging relatives, guests, or rental units that can generate extra income. But now, with rising housing costs, aging parents, and a need for extra income, these so-called ADUs (Accessory Dwelling Units) are making a serious comeback.

article thumbnail

Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Residential property managers prioritize tenant satisfaction, quick maintenance responses, and compliance with consumer protection regulations. They must adhere to zoning regulations specific to their use, whether for retail, office, or industrial purposes. These regulations govern everything from tenant screening to lease negotiation.

article thumbnail

Starting a Vacation Rental Business: 101 Guide

Hospitable

Profitability is primarily based on occupancy level, demand, competition, and rate, so the more attractive the location, the higher the probability that the vacation rental will be profitable. Additionally, short-term vacation rentals can outperform long-term rental properties in terms of potential rental income.