Remove Applicants Remove Compliance Remove Presentation
article thumbnail

Run better HOA board meetings: Tips and tools for association managers

Buildium

Compliance: Meetings help confirm that all actions and decisions align with the communitys governing documents and relevant legal requirements, thereby safeguarding the communitys interests. Youll need to coordinate with board members and homeowners, addressing their concerns and presenting relevant information.

article thumbnail

Maximizing Your Investment

American Apartment Owners Association

In this blog post, we’ll explore the concept of bonus depreciation, its application to multifamily properties, and how you can leverage it to maximize your investment returns. Working with a knowledgeable tax advisor can help ensure compliance and maximize potential savings. What is Bonus Depreciation?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Can a Landlord Let Themselves In? Unlocking the Legalities

American Apartment Owners Association

The functionality of security systems, if applicable. Checking compliance with lease terms, such as pet policies or smoking restrictions. Arbitration involves presenting the dispute to a neutral arbitrator who reviews the evidence and makes a final decision that both parties must abide by. The presence of security cameras.

Landlord 246
article thumbnail

Navigating Multifamily Value-Add Tax Implications: A Guide

American Apartment Owners Association

For multifamily properties, this presents a valuable opportunity for tax savings and improved cash flow. Qualified Opportunity Zones present another avenue for reducing or deferring capital gains tax liabilities. By investing in designated areas, you can take advantage of tax incentives offered in these zones.

article thumbnail

How do property managers verify income?

MRI Software

Tax returns, particularly Form 1040, provide a comprehensive view of an applicant’s income history and unearned income over the past year. Investment Income To verify investment income, property managers typically request documentation that substantiates the income reported by the applicant.

article thumbnail

How to effectively implement the new lease accounting standard

MRI Software

How to build your lease inventory A comprehensive lease inventory is essential for compliance. Centralize data: Use a lease management system to ensure ongoing accuracy and compliance. Present value of payments: Do lease payments approximate the asset’s fair value? Here’s what to focus on: What defines a lease?

Lease 52
article thumbnail

What is Capital Lease Accounting?

MRI Software

It includes situations where the lease term is greater than 75% of the asset’s useful life, the present value of the lease payments is 90% or more of the asset’s fair market value, or the lease includes an option for the lessee to purchase the asset at a bargain price. How do capital leases differ from operating leases?

Lease 52