BetterWho

OCTOBER 4, 2024

In this article, we’ll unpack the FTC lawsuit against Invitation Homes, explore what it means for property managers, and offer actionable strategies to ensure your practices align with new regulatory expectations. Utilize Compliance Tools Invest in property management software that includes compliance features.

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Yardi Breeze

NOVEMBER 22, 2024

TL;DR : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCEN’s BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). What if someone isn’t sure what to do next?

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Yardi Breeze

JANUARY 3, 2025

Original article What is the Corporate Transparency Act? The first reporting deadline was delayed from January 1, 2025, to January 13, 2025 (applicable to businesses formed before January 1, 2024). This article covers where that leaves you and what you can do to avoid penalties. What if someone isnt sure what to do next?

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HOA Managememt

NOVEMBER 28, 2024

The board can also consult legal counsel to ensure compliance with applicable laws. RELATED ARTICLES: HOA Social Media Policy: What Rules To Enforce? How to Create and Enforce a Social Media Code of Conduct To create a social media code of conduct, the board should work together to draft clear and specific guidelines.

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Bay Property Management Group

DECEMBER 23, 2024

Key Takeaways from this Article Role Definitions and Responsibilities : A landlord owns the property and is responsible for key tasks like setting rental terms, maintaining the property, and adhering to legal regulations. Responsibilities Property managers take care of day-to-day rental operations.

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RL Property Management

JANUARY 13, 2025

When it comes to managing rental properties, Fair Housing compliance for landlords is essentialits the foundation of a successful business. Yet, many landlords overlook how quickly non-compliance can lead to serious consequences. Failing to prioritize Fair Housing compliance for landlords can result in costly fines and legal battles.

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HOA Managememt

AUGUST 8, 2024

If the HOA tries to take out a loan , lenders will likely deny the application or impose a high interest rate. RELATED ARTICLES: What Is A HOA Board Member Holdover? Without an HOA board, these tasks would fall by the wayside. Bare Minimum Receivers may manage the association’s affairs but are not always good for the community.

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Bay Property Management Group

DECEMBER 12, 2024

Note that you must follow Fair Housing Laws through every step of this process: Draft a comprehensive rental application: In this step, you can gather important information about a prospective tenant. For self-employed applicants, ask for recent tax returns or financial statements. Read below for some key tenant retention strategies.

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HOA Managememt

AUGUST 27, 2024

As AI technology advances, its potential applications within HOA communities are growing. AI can also assist in ensuring compliance with legal requirements and regulations. This means ensuring the secure storage of personal data and the compliance of AI systems with relevant data protection laws.

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HOA Managememt

SEPTEMBER 12, 2024

Board members and community managers alike have a duty to ensure legal compliance. It also serves as proof of compliance. If a homeowner’s application for hurricane protection complies with the HOA’s specifications, the association cannot deny it. What are the New Florida HOA Laws 2024?

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Bay Property Management Group

DECEMBER 11, 2024

This article shares practical property management tips to help you streamline operations and boost efficiency. Contents of This Article Top Challenges Multi-Family Managers Face Tips for Success Managing Multi-Family Rentals Top Challenges Multi-Family Managers Face Are you looking forward to stepping into the world of multi-family rentals?

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American Apartment Owners Association

JANUARY 16, 2025

As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence. This article explores the essential role of policies and written responses, offering a timely reminder to recalibrate for the year ahead.

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Bay Property Management Group

DECEMBER 30, 2024

Non-Discrimination: On a related note, landlords must comply with Fair Housing Laws, the Fair Credit Reporting Act, the American with Disabilities Act, and other applicable federal, state, and local laws. As a rule, you should hire professionals to ensure your property is compliant with applicable safety codes. Always put this first.

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Bay Property Management Group

NOVEMBER 27, 2024

Contents of This Article: What Are Some Common HOA Legal Violations? After all, documentation provides proof of the HOA’s actions and decisions, which ensures transparency and compliance with applicable laws. Today, we’re reviewing some common HOA legal violations and what to do if your rights are violated.

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Bay Property Management Group

DECEMBER 8, 2024

In this article, we walk you through everything you need to know about lease cancellation, as well as how to avoid potential pitfalls. If the landlord initiates the termination, they must provide written notice in compliance with local regulations. Can you cancel a lease without facing unexpected costs?

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Nest DC

SEPTEMBER 7, 2022

Fair treatment of tenants doesn’t just start at the time of reviewing an application; it starts with your rental listing going live. While fair housing covers every aspect of renting, it’s during the marketing and application screening phases that we see the most mistakes. great schools!” Want some more resources?

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California Leasing & Management

JANUARY 2, 2025

Legal Compliance : Staying up-to-date with California’s complex landlord-tenant laws can be challenging. Background Checks : We verify applicants backgrounds to give you peace of mind. Maintenance Management : Maintenance requests can be time-consuming, but weve got it covered.

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Young Management

MARCH 14, 2024

This article will guide you through the key factors to consider when creating a rent increase notice letter, ensuring that you maintain a positive relationship with your tenants and comply with legal requirements. Sending the Notice Have the notice reviewed by an attorney to ensure legal compliance.

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California Leasing & Management

APRIL 2, 2024

By familiarizing yourself with these laws, you can ensure compliance and avoid costly legal disputes. By treating all applicants and tenants equally and fairly, you can avoid legal repercussions and maintain a positive reputation in the community.

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Nest DC

FEBRUARY 23, 2024

In this article, Nest DC will help you explore the considerations involved in both options, helping you make informed decisions that align with their goals and resources. Benefits of Hiring a Property Manager Managing rental properties includes various tasks including tenant communication, maintenance headaches and legal compliance.

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Hospitable

NOVEMBER 8, 2024

In this article, we'll talk about the transient occupancy tax (TOT) in California to help you better understand how it works. Note that this article is not intended to be legal advice. As a host, you are responsible for your tax compliance and must file and remit your taxes to the appropriate jurisdiction on time.

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California Leasing & Management

NOVEMBER 7, 2023

We conduct thorough background checks, verify employment, and contact previous landlords to get a complete picture of each applicant. Legal Compliance: Staying compliant with the latest rental and housing laws is non-negotiable. Comprehensive Tenant Screening: Our screening process goes beyond a simple credit check.

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SparkRental

DECEMBER 18, 2024

Our articles may have affiliate links. To apply for an Employer Identification Number (EIN), visit the official IRS website and complete the online application form called Form SS-4. article continues below) Real estate investments? Compare Investor Loans SEC Regulations and Compliance Requirements When investing in U.S.

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MRI Software

JUNE 2, 2024

MRI Software are leaders in innovative real estate software and in this article, we explore how AI is reshaping residential property management software and real estate CRM solutions. These AI applications are not only transforming how you conduct business but also setting new standards in the industry.

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HOA Managememt

OCTOBER 28, 2024

(c)The reserve study shall: (A)Identify all items for which reserves are or will be established; (B)Include the estimated remaining useful life of each item, as of the date of the reserve study; and (C)Include for each item, as applicable, an estimated cost of maintenance and repair and replacement at the end of the item’s useful life.”

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Mem Property Management

JULY 24, 2024

In this article: The Importance of an HOA Electric Car Charging Policy Understand Your Governing Documents Who Pays for Electric Car Charging Stations? Establishing a written policy for how to handle charging stations will ensure consistent enforcement and compliance across the community.

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Florida Property Management

DECEMBER 20, 2023

In this article, the leading property company in the area analyzes the top investment tips when purchasing investment property in Boca Raton. We recommend that you keep yourself well-read when it comes to the laws applicable to rental property in Boca Raton.

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Real Property Management Enterprises

NOVEMBER 2, 2023

This article will explore different communication methods that enhance the landlord-tenant relationship. Written Notices Clear and formal written notices must be given by landlords and tenants for a variety of events, such as lease renewals and terminations, in order to ensure compliance with legal requirements.

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MRI Software

APRIL 24, 2024

At MRI Software, we develop forward-thinking software solutions for people in property, and in this article, we’re going to focus on the intricate mechanics of how building management systems work. By integrating sophisticated technology with practical applications, MRI Software enhances the way buildings are maintained and managed.

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SparkRental

DECEMBER 5, 2024

Our articles may have affiliate links. article continues below) Real estate investments? They will identify components that qualify for shorter depreciable lives and classify them based on the applicable tax rules and regulations. Like any tax strategy, we must understand the potential pitfalls and practical applications.

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Tokeet

AUGUST 12, 2024

Steps on How to Become a Property Manager In this article, we’ll guide you through the steps to kickstart your career in property management. Leasing Agent : Role : Showing properties to potential tenants, processing rental applications, and handling lease agreements. Read here how to get a real estate license in 8 steps.

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Real Property Management California Coast

SEPTEMBER 22, 2023

We’ll set out on a trip to reveal the crucial stages needed to create and succeed in property management in this article. Non-negotiable is compliance with equitable housing laws. This is for you if you’re among those thinking about starting a property management business and are interested in the viability of this venture.

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Rental Choice

APRIL 2, 2024

A rental application form is a useful tool for property owners to screen tenants without conducting numerous interviews. How to Make a Rental Application Form Rental application forms provide landlords with important information about potential tenants. Therefore, you may collect information on their employment history.

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RL Property Management

JANUARY 20, 2025

Being a landlord in Columbus, Ohio, comes with more than just managing properties and collecting rentit requires a clear understanding of Columbus rental laws to ensure compliance. In recent blogs, we reviewed the hidden risks of non-compliance and shared essential dos and donts for landlords. Not sure how to handle such requests?

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Rental Choice

JULY 15, 2024

Common Fair Housing Violations to Watch Out For Landlords often set rules for tenants and applicants to prevent property damage and foster a peaceful living environment. For example, landlords are generally allowed to reject applicants with multiple evictions. For example, the landlord might ask whether an applicant is retiring soon.

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RL Property Management

JANUARY 6, 2025

In this article, well walk you through the basics of Fair Housing, share tips to help you stay on track, and show how a property management company can make compliance much easier. For landlords, its a legal and moral framework that guides how you treat tenants and applicants. But the good news? Lets dive in! Consistency is key.

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Lula

APRIL 2, 2024

In addition to legal expenses, monetary damages, civil penalties, and legal compliance costs, a fair housing complaint can also cause considerable harm to a landlord or property management company’s reputation, and that takes time for a business to recover from. Failing to do so could cost you a pretty penny.

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