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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

To get more residents through the door, some property managers offer security deposit alternatives. They’re designed to ease the financial burden on renters while still offering protection for property managers in case of damage or missed rent. Below are five options to consider using in your property management business.

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HOA Candidate Qualifications: Not Everyone Can Run For Position

HOA Managememt

Some of the most common qualifications include: Homeowner in good standing: Most HOAs require candidates to own a property within the community and be current on dues and assessments. Free of Legal Disputes with the HOA Individuals involved in active litigation against the association are often barred from running.

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Communities facing rising umbrella liability rates

Mem Property Management

As property insurance rates are somewhat stabilizing in 2022, umbrella liability rates continue rising for common interest communities. A new phenomenon has emerged that is the result of a dramatic rise in litigation, along with astonishingly large payouts for bodily injury claims, also referred to as “nuclear verdicts.”

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On-Time Rent Payments Continue to Decline

Rental Housing Journal

Two- to four-family rental properties held the highest on-time payment rates in June, coming in at 84.6%. It uses data from property management software RentRedi, showcasing results from 73,502 units. Their services include economic research, data science, and litigation consulting. Read the full report here.

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A Guide to Choosing the Right Property Manager in Bonita

McKee Properties

When it comes t o renting or investing in Bonita, your choice of property manager can make all the difference. Whether you’re a landlord seeking professional oversight for your Bonita investments, or a tenant in search of a reliable property to call home, choosing the right property management team is critical.

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What Needs To Be Included In a California Landlord Insurance Policy?

InveServe

When you own a California rental property, insurance is more than just a checkboxits a key part of your financial safety net. With so many things a property owner must know , insurance is one area where confusion can be costly. Many landlords realize this only after facing a claim. What Is Landlord Insurance and Why Is It Different?

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Alabama HOA Laws: A Guide to Homeowners’ Rights and HOA Powers

HOA Managememt

Older HOAs that are not incorporated may not enjoy the same legal protections and could face more complex legal hurdles in enforcement or litigation. Mandatory membership means every homeowner automatically joins the HOA when they purchase property in the community. They must pay dues and follow the rules. Can an HOA Evict a Homeowner?