Remove Insurance Remove Physical Property Remove Regulation
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Short-Term Rental Setup

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It’s about more than just the physical property include. Legal, Licensing, and Compliance Before you list your property on any rental sites, you must understand the local rules. Check with your city and county regarding short-term rental regulations. You need to get a specific short-term rental insurance policy.

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Commercial real estate risk management: A strategic approach for investors

MRI Software

Regulatory compliance: Failure to comply with local regulations, zoning laws, and building codes can result in fines, legal disputes, or operational interruptions. Financial risks Financial risks refer to the uncertainties related to the financial aspects of owning and operating a commercial property.

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5 HOA Terms Every Board Member Needs to Know

Mem Property Management

The business judgment rule along with directors and officers insurance will cover you as a board member for any decisions you make, even if they turn out to cause more problems than they solve for the community. Do you have or need flood insurance? However, the big caveat is that you must follow the spirit of the rule.