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Best practices for expanding your property management portfolio into new markets

Buildium

This limits your exposure to region-specific challenges, such as real estate regulations and natural disasters. Assessing Local Regulations and Policies Rental regulations and policies can significantly impact profitability. Or if you prefer senior housing, explore markets with older populations.

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HVAC Repairs Vs. Replacement: How To Decide What’s Best For Your Apartment

American Apartment Owners Association

Modern high-efficiency units (SEER 15+) use advanced variable-speed technology and smart compressors to reduce energy waste, dramatically lowering monthly utility costs. Lastly, newer models can provide more consistent temperature control through improved airflow design and often qualify for valuable energy rebates from local utilities.

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Everything you need to know about apartment management in 2025

Buildium

Partner with licensed plumbers, electricians, and HVAC professionals. Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Verify licenses and insurance before work begins. Standardize unit inspections to identify recurring issues early.

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

Bay Property Management Group

Local zoning laws, rental regulations, and permits dictate whether you can build and lease them , with size restrictions, occupancy requirements, and compliance with tenant rights laws varying by region. Therefore, they are by all means subject to zoning and regulations. After all, you don’t want to have an illegal apartment.

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Buying Property in Big White

Lifty Life

But before you dive into the market, it’s important to understand the unique tax rules, utilities, maintenance considerations, and vacation rental dynamics that come with owning property at altitude. Water utilities are billed through Big White Ski Resort. Are there any rental restrictions or licensing requirements?

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What Is STR in Real Estate? Here’s What Investors Should Know

Bay Property Management Group

At the same time, regulations are evolving. Research Local Laws Like we mentioned earlier, some states and cities have strict rules for STRs, including licensing, zoning restrictions, or caps on the number of rental days per year. Today, even small property owners can run a short-term rental like a pro and earn more from their spaces.

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Airbnb Requirements You Need to Meet to Succeed on the Platform

Hospitable

Keep in mind that STR regulations can vary significantly depending on your location and can be quite confusing, but they can impact your ability to host. Therefore, it is essential to research the laws and regulations related to short-term rentals in your area before listing your rental space.