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6 must-know industry trends for small property managers

Buildium

However, by rigorously screening applicants, you can reduce turnover and help prevent costly evictions. Buildium’s software can automate rental history verification , automatically sending survey forms to applicants and displaying their responses. Did you know?

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Bill 30 could make condo living easier in Alberta

Condo Control

Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act. 2) The Tribunal is not bound by the rules of evidence applicable in judicial proceedings.

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5 ways for high rise condominiums to save money in 2025

Condo Control

5 ways condominiums can save money Reduce administrative costs Hire companies that offer value Experiment with AI Improve energy efficiencies Consolidate subscriptions/services Depending on where you live, your community may also be struggling with insurance fees, legal requirements, or labor shortages.

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10 Signs That Real Estate Investing Is Not Right for You

Real Property Management Chicago

You Don’t Enjoy Dealing with People: As a rental property owner, you must deal with renters, neighbors, real estate agents, contractors, and plenty of others. You Don’t Like Dealing with Paperwork: Rental properties necessitate a lot of paperwork, such as rental agreements, applications, insurance contracts, etc.

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Landlord’s guide to residential insurance: Key elements for protecting your residential properties

MRI Software

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. What is landlord residential insurance?

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The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

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. Inadequate Insurance Coverage Investors in real estate understand how important it is to protect their assets.

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How to Protect Your Investment and Avoid Rental Application Scams as a Property Owner in DC

Nest DC

Tenants who refuse to abide by your screening process or won’t answer clarifying questions about their application likely have something to hide. You should always give an applicant time to provide additional information when needed. Applicants who have negative rental history should also set off the alarm bells.