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Community association trends: What’s changed in 6 years

Condo Control

Are communities doing better today than they were in 2018? 57% said yes in 2018 61% said yes in 2020 66% said yes in 2022 62% said yes in 2024 Despite the fact that services cost more, a higher percentage of community associations employ managers or management companies now than they did in 2018. Read on to find out.

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Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building. The city has retained the law firm Bryan Cave Leighton Paisner. The suit claims this is a “taking” of the landlord’s property.

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Reserve study requirements by state

Condo Control

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

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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.

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Property Maintenance: What The Best Property Managers Do To Get The Most Money For Their Clients

Property Management Inc.

October 26, 2018 Once a tenant signs a lease and moves into a property, it’s easy to picture the property owner relaxing and letting the rent money from their real estate investment roll in. The best managers know that proactive property maintenance pays off.

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Understanding the 20% Pass-Through Tax Deduction for Redding, CA Landlords

Authority Property Management

This deduction began in 2018 and is currently scheduled to last through 2025. Rental services that count toward the 250 -hour requirement include tasks like advertising the property , negotiating leases, collecting rent, and managing maintenance. Who Qualifies for the 20% Deduction?

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Finding Deductions For Residential Rental Property And Lowering Your Tax Bill

Property Management Inc.

April 10, 2018 By Cassie James, PMI Communications Manager Tax season can be stressful for solo entrepreneurs and landlords. TRANSPORTATION & TRAVEL* If you drive your vehicle to and from your rental property to collect rents, maintenance inspections, or other management activities, the mileage may be tax deductible.