Yardi Breeze

NOVEMBER 22, 2024

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs 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). How long does it take to report ownership information?

Compliance 130

Compliance Property Manager Property Management Government 130

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). Of course, you’re not alone in this journey.

Compliance 130

Compliance Property Manager Property Management Regulation 130

BetterWho

OCTOBER 4, 2024

Property managers should ensure that all fees are transparently communicated to prospective tenants upfront—before lease agreements or application fees are signed. Tenants must be informed about every fee early in the leasing process to avoid accusations of hidden charges.

Property Management 130

Property Management Property Manager Management IT 130

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.

Compliance 52

Compliance Landlord Regulation Property Manager 52

BetterWho

SEPTEMBER 21, 2024

Multiple Openings It’s a numbers game; the more openings you post, the more applicants you attract. This approach ensures that only the top 1% of candidates, who truly align with your requirements, make it through the application funnel. We get around 3,000 applicants a month and only 1% make it into our funnel.

Property Management 217

Property Management Property Manager Management Property 217

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. Typically, 2 check-ups a year is enough.

Tenant 130

Tenant Applicants Applications Property Manager 130

Bay Property Management Group

DECEMBER 23, 2024

A property manager, on the other hand, handles day-to-day operations, including tenant relations, rent collection, and ensuring compliance, acting as an intermediary on behalf of the landlord. Furthermore, owners can use this insight to make well-informed decisions that drive success in the rental business.

Property Management 147

Property Management Property Manager Landlord Management 147

HOA Managememt

SEPTEMBER 12, 2024

Board members and community managers alike have a duty to ensure legal compliance. Associations must also inform the division within this timeframe. The division’s annual report will include this information starting after December 31, 2024. It also serves as proof of compliance. What are the New Florida HOA Laws 2024?

Condominium 219

Condominium Education Electronics Government 219

Rental Housing Journal

JANUARY 21, 2025

By The Fair Housing Institute As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence. Property management and the essential role of policies, written communication and procedures for the year ahead.

Property Management 93

Property Management Property Manager Management Compliance 93

American Apartment Owners Association

DECEMBER 5, 2024

In the ever-evolving world of real estate investing, staying informed about tax strategies that can enhance your returns is crucial. Working with a knowledgeable tax advisor can help ensure compliance and maximize potential savings.

Real Estate 130

Real Estate Consulting Compliance Applicants 130

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. Disseminate Election Information Sometimes, residents don’t know that there is an upcoming election. Without an HOA board, these tasks would fall by the wayside.

Education 246

Education Government Management IT 246

Yardi Breeze

DECEMBER 6, 2024

Check out the Bill Pay brochure for more information. Affordable housing operators may want to consider adding RentCafe Affordable Housing , which allows residents to apply or recertify via integrated compliance workflows. Does an applicant have to pay before completing the application process?

Property Management Software 130

Property Management Software Property Management Property Manager Management 130

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.

IT 130

IT Compliance Maintenance Condominium 130

Authority Property Management

NOVEMBER 29, 2024

Property managers can track rent payments, manage maintenance schedules, and even handle legal compliance requirements without ever leaving the platform. The repetitive nature of certain tasks—such as sending reminders for rent payments, tracking lease expiration dates, or even processing tenant applications—makes them ideal for automation.

Property Management 98

Property Management Property Manager Management Property 98

MRI Software

AUGUST 2, 2024

In this blog, we’ll look the methods and best practices for income verification, offering insights that will help streamline your processes and make informed decisions effortlessly. Ultimately, income verification supports informed decision-making, contributing to the long-term success of the property management process.

Property Management 52

Property Management Property Manager Management Property 52

Bay Property Management Group

DECEMBER 11, 2024

It is essential to adhere to fair housing regulations when screening tenants, leasing properties, and managing evictions to avoid potential legal issues and ensure compliance. So, ensure your property meets all applicable health and safety requirements. Ready to streamline your operations?

Management 130

Management Regulation Property Manager Property Management 130

Mem Property Management

NOVEMBER 18, 2024

Summary The Corporate Transparency Act is intended to provide law enforcement with beneficial ownership information for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities. Department of Treasury (“Treasury”).

Compliance 52

Compliance Applicants Applications IT 52

American Apartment Owners Association

NOVEMBER 25, 2024

These experts specialize in multifamily investments and can provide valuable guidance on tax planning, compliance, and strategies to maximize returns while minimizing tax liabilities. Their insights can help you make informed decisions that align with your financial goals and comply with relevant tax laws.

Consulting 130

Consulting Real Estate Utilities Property 130

MRI Software

NOVEMBER 18, 2024

These applications handle tasks like lease management, budgeting , forecasting, and financial analysis with greater efficiency. For large portfolio holders, CRE software ensures all critical information is accessible, organized, and actionable. With streamlined analysis, stakeholders can stay informed and make timely decisions.

Management 52

Management Compliance Real Estate Lease 52

Condo Control

NOVEMBER 7, 2024

Non-compliance with common element changes Corporations may charge costs, plus interest, to owners that fail to comply with agreements for improving common elements. Informing owners early allows them to resolve issues before they escalate. The condo may contact them via using physical letters or email.

Condominium 130

Condominium Government Insurance Landlord 130

Buildium

OCTOBER 21, 2024

Whether it’s consulting with outside counsel on things like emotional support animal (ESA) applications, handling delinquencies, or managing collections, legal costs can add up. Use the information below in tandem with advice from legal professionals to keep your processes on the straight and narrow.

Finance 245

Finance Management Attorney Consulting 245

Florida Property Management

SEPTEMBER 11, 2023

A thorough screening process helps identify applicants with a history of late payments, unpaid rent, or eviction records. Tenant screening helps you identify applicants who are more likely to respect the property and adhere to their contractual obligations, thereby safeguarding your investment's value.

Tenant 52

Tenant Property Applicants Applications 52

Esquire Property Management Group

OCTOBER 9, 2024

To qualify, tenants must furnish a written declaration affirming compliance with these parameters, along with self-attestation regarding their workforce size. Accompanying this notice should be pertinent information, potentially including applicable Civil Code sections pertaining to the changes.

Lease 52

Lease Commercial Property Commercial Property Management Lease Agreement 52

Young Management

MARCH 14, 2024

What is a Rent Increase Letter A Rent Increase Letter is a formal document that a landlord sends to a tenant to inform them of an upcoming increase in their rent. To ensure compliance and clarity regarding the notice period for rent increases, it’s advisable to consult the relevant local regulations.

Rent 52

Rent Lease Agreement Compliance Lease 52

MRI Software

DECEMBER 6, 2023

Notifications can be personalized by dynamically inserting tenant-specific information. Digital tour information, such as property details, floor plans, photos, and virtual tours, can be provided to prospective tenants before the physical tour. Automated communication keeps applicants informed throughout the process.

Property Management 52

Property Management Property Manager Property Management Software Management 52

Rental Housing Journal

NOVEMBER 17, 2024

Several companies now offer screening services to verify the legitimacy of ESA and service dog letters, helping property managers and landlords ensure compliance with regulations. Costs are based on your selected limit, the number of units, and responses to a brief three-page application. About the author: Deborah J.

Insurance Agencies 52

Insurance Agencies Insurance Landlord Applicants 52

MRI Software

FEBRUARY 21, 2024

Validating external information against the general ledger is just the beginning. Therefore, your business could default to a less-than-ideal solution—manually copying from standard reports or data exports and pasting the information into Microsoft Excel. This promotes confidence and ensures compliance with tax regulations (e.g.,

Property Management 52

Property Management Property Manager Real Estate Management 52

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.

Regulation 52

Regulation Lease Agreement Rental Property Consulting 52

Real Property Management California Coast

OCTOBER 6, 2023

From screening applicants to collecting rent payments, managing the property, and guaranteeing compliance with all legal regulations— there are many tasks to coordinate. The aforementioned facets of maintaining your rental property and ensuring compliance with state rules and regulations can also be handled by property managers.

Property Management 52

Property Management Property Manager Real Estate Real Estate Broker 52

Muldoon Associates

NOVEMBER 7, 2024

Avoid the most common tenant screening mistakes by having a good application in place. Verify references and speak with previous landlords and employers to get a complete picture of the applicant. Avoid legal missteps by: Staying Informed. Implementing Compliance Procedures. Conduct background checks that are thorough.

Lease Agreement 98

Lease Agreement Property Property Manager Property Management 98

Authority Property Management

APRIL 25, 2024

This guide provides a thorough overview of these processes, ensuring compliance and facilitating a smooth transition at the end of a tenancy. Duties of Landlords Landlords have specific obligations to fulfill during this process: Justify the Notice: Clearly state the reasons for eviction when applicable.

Landlord 52

Landlord Compliance Tenant Property Manager 52

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. Navigating the Legal Landscape Complying with the Law: Stay informed about landlord-tenant laws in your area.

Property Management 52

Property Management Property Manager Management Property 52

California Pacific Realty

NOVEMBER 21, 2024

Once they receive applications, property managers conduct a detailed screening process, which includes background checks, credit reports, and rental history verification, to ensure the tenants are trustworthy and have sound financial standing. They handle tenant relations, leasing, maintenance, and legal compliance.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

SEPTEMBER 5, 2024

Understanding these programs can help you maximize your investment and maintain compliance with HUD regulations. Here’s what you need to keep in mind: What documentation and information is required for HUD loans? This process includes submitting an initial application, undergoing thorough underwriting, and receiving final HUD approval.

Finance 52

Finance Compliance Property Manager Property Management 52

MRI Software

NOVEMBER 11, 2024

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. Discount rate application: Accurately apply the relevant interest rates for your leases. Here’s what to focus on: What defines a lease?

Lease 52

Lease Compliance Finance Lease Agreement 52

MRI Software

OCTOBER 23, 2023

As more documents come in, the AI-powered tool can better recognize what it’s looking at, pulling information from its understanding of the model, and placing it in the appropriate category. Through various applications, it offers a comprehensive solution to many challenges faced by property managers.

Property 52

Property Insurance Property Manager Property Management 52

Florida Property Management

JUNE 26, 2020

Compliance with Florida Rental Laws Renting out a home requires you to follow all local, state, and federal laws and regulations. You need to follow the Fair Credit Reporting Act when you’re gathering data and screening applications. This will help you stay organized and informed. There’s a lot to know and keep up with.

Property Management 52

Property Management Property Manager Management Property 52