Remove 2018 Remove Compliance Remove Maintenance
article thumbnail

HOA Reserve Study Requirements By State

HOA Managememt

3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1). (4) If an item is not covered in the most recent study or if no study has been conducted, the reserve amount is calculated using the estimated remaining lifespan and replacement or deferred maintenance costs.

article thumbnail

Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Maintenance and Upgrades With capped rental income, property owners might find it challenging to maintain and upgrade their properties. The financial constraints imposed by rent control can lead to deferred maintenance and deterioration of housing quality. Similar propositions were defeated in 2018 and 2020.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Driving affordable housing success with asset management services

MRI Software

More recently, the industry has encountered headwinds from operating cost increases (particularly in the areas of insurance and utilities), constantly changing regulatory and compliance requirements, and obstacles for property management staff like stress, burnout, and attrition.

article thumbnail

Single-Family Property Management Service Trends for 2022

Propertyware

On the Owner Side Rental owners, overall, looked to their property managers to take on a larger role, beyond rent collection and maintenance. Since 2018, the number of investors in our survey has increased from 67 to 71 percent. They’re also looking for an attention to detail when it comes to managing maintenance and residents.