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The Importance of an Accurate Rental Application

American Apartment Owners Association

The importance of a thorough and accurate rental application cannot be overstated. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members.

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Understanding HOA finances: A practical guide for association managers

Buildium

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity. You’ll also need to budget for attorney fees. What are HOA Finances?

Finance 245
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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

To make the most of leasing season, property managers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals. Check Up On Your Application Process. Many property managers still call around for rental comparisons within their area to find an accurate price.

Lease 264
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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

The end of the first reporting deadline is January 1, 2025 (applicable to businesses formed before January 1, 2024). By that time, property management business owners should be ready to go. Why compliance can be tricky Many property management businesses have complex ownership structures that can make reporting tricky.

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How to Keep Your Tenants Safe

American Apartment Owners Association

A tenant screening report , including criminal reports, must be run on each rental applicant so that lawbreakers will not become tenants and become a threat to their neighbors. The applicant should also investigate the neighborhoods crime statistics. Landlords should also report suspicious activity to the authorities.

Tenant 244
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Don’t Get Scammed: Know About the Fair Housing Act 

American Apartment Owners Association

it is illegal to refuse to rent to an applicant who is receiving assistance through the Section 8 program. CHAT WITH AN ATTORNEY What is a Section 8 voucher? Scammers may create fake rental listings on sites like Craigslist and pressure Section 8 applicants to pay a deposit without seeing the unit. Need Legal Help?

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Big US Cities Challenge Algorithmic Rents

American Apartment Owners Association

The Wall Street Journal reported the Justice Department’s lawsuit against RealPage, filed with the support of eight state attorneys general, accuses the company of illegally using confidential data to set rents, driving up prices in violation of antitrust laws.

Rent 130