Condo Control

MARCH 19, 2025

Websites and records All HOAs that contain 100 parcels or more must maintain a website or application that can be downloaded through a phone, states HB 1203. Similarly, HB 1237 requires condo associations with 150 or more units (excluding timeshare units) to have a website or application that complies with specific obligations.

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Attorney Condominium Education Government 130

Real Property Management Chicago

SEPTEMBER 13, 2024

Most of the time, it’s important to know which existing agreements will govern your new investment. Approach the screening as if the tenants were new applicants by performing thorough background and credit checks, and verifying their payment history and references.

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Condo Control

JANUARY 10, 2025

Contact the HOAs insurance company The association must also notify its insurance carrier upon service of the lawsuit. The sooner the insurance provider receives information about the lawsuit, the sooner the company can make a decision. Some types of litigation may be covered. At times, rules may become irrelevant or cumbersome.

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Litigation Government Attorney Insurance 130

Beach Front Property Management

DECEMBER 30, 2024

They cater to diverse needs through various types, such as fixed-rate, adjustable-rate, and government-backed loans. Down Payment : A higher down payment reduces monthly payments, and 20% down eliminates mortgage insurance for conventional loans. Understanding how mortgages work is crucial for making informed decisions.

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Finance Single-Family Home Insurance Real Estate 147

Buildium

OCTOBER 21, 2024

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year.

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Condo Control

NOVEMBER 7, 2024

They will be asked to pay for the repair, or the condo’s insurance deductible limit, whichever is less. For example, if an owner causes a flood that damages a few units and common elements, that owner will be required to cover the costs of the condo’s insurance deductible, rather than the condo passing that cost on to all owners.

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Condo Control

APRIL 9, 2025

Increased insurance premiums were by far the biggest problem. Most of the issue options presented in the survey were selected based on recent condo/HOA laws (insurance being the big outlier). Prices for labor, materials, and of course, insurance skyrocketed after the most recent pandemic, and many of those costs never came down.

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Management Insurance Education Condominium 130

Beach Front Property Management

SEPTEMBER 26, 2024

You can research local laws through your state government website. For instance, specify included parking space and storage areas if applicable. 5. Moreover, your insurance may not cover injuries to unauthorized paying guests. Insurance This is a great opportunity to discuss insurance coverage.

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Lease Landlord Lease Agreement Insurance 130

American Apartment Owners Association

MARCH 24, 2023

This may be done directly by the party or by the party’s title insurance carrier after a claim is made with the title insurance carrier. Title insurance companies often times get involved in prosecuting, defending, and settling quiet title actions on behalf of property owners and lenders.

Litigation 130

Litigation Real Estate Insurance Attorney 130

American Apartment Owners Association

MARCH 24, 2023

This may be done directly by the party or by the party’s title insurance carrier after a claim is made with the title insurance carrier. Title insurance companies often times get involved in prosecuting, defending, and settling quiet title actions on behalf of property owners and lenders.

Litigation 130

Litigation Real Estate Insurance Attorney 130

AirKeeper

JANUARY 5, 2025

Insurance Considerations Standard homeowner insurance policies often do not cover short-term rentals. Airbnb offers its Host Guarantee and Liability Insurance programs, but additional short-term rental insurance may be necessary to address coverage gaps. Keeping detailed financial records is essential for compliance.

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Airbnb Compliance Regulation Property 130

Zeevou

MARCH 19, 2025

Finally, familiarise yourself with local laws and regulations governing short-term rentals. Additionally, understand the local tax requirements for short-term rentals, including occupancy taxes, income taxes, and any other applicable fees. Assess occupancy rates and guest feedback to understand the competitive landscape.

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Property Management Property Manager Management Property 52

Condo Control

FEBRUARY 14, 2025

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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Condominium Contractors Government Management 130

Nest DC

MARCH 28, 2023

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.

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Applications Applicants Property Lease 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. Fair housing, habitability standards, eviction procedures, and security deposit returns are all governed by state and federal laws.

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Lease Agreement Property Property Management Property Manager 98

American Apartment Owners Association

DECEMBER 16, 2024

Essential laws governing landlord entry rights Landlord entry rights are regulated by specific laws to ensure that tenants privacy and enjoyment of the property are protected. The functionality of security systems, if applicable. This ensures harmony between both parties and protects the interests of both the landlord and the tenant.

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Landlord Lease Agreement Tenant Rental Property 246

Hosty

AUGUST 31, 2023

Key Legislation for Airbnb Hosts Short-Term Letting Licenses On January 19, 2022, the Scottish Government enacted the Civic Government (Scotland) Act 1982 (Licensing of Short-Term Lets) Order 2022. Application Procedure and Costs Online-Only Applications. Payment of the application fee. Public Liability Insurance.

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Airbnb License Applications Applicants 52

MRI Software

AUGUST 2, 2024

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.

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Property Manager Property Management Management Property 52

Renjoy

MAY 31, 2023

Prepare for additional taxes that may be applicable. Some cities and municipalities have enacted strict regulations to govern short term rentals, while others have banned them altogether. Yes, if it is legal in your city and you comply with all applicable laws and regulations. Do I need insurance for my short-term rental?

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License Regulation Government Attorney 52

Esquire Property Management Group

OCTOBER 24, 2024

It appears that the federal government has a serious interest in this trend as well. Federal Deposit Insurance Corp. The OTR conversion momentum has not gone unnoticed by the federal government. Previously in this blog we described a growing office-to-residential (OTR) trend in commercial real estate.

Commercial Property Management 52

Commercial Property Management Commercial Property Transportation Finance 52

MRI Software

SEPTEMBER 26, 2024

These loans are insured by the Federal Housing Administration (FHA), making them more accessible to a wider range of investors. Understanding FHA multifamily loans FHA loans provide government-backed financing for multifamily properties, offering unique benefits compared to conventional loans. What is an FHA multifamily loan?

Finance 52

Finance Government Property Management Property Manager 52

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? As a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations.

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Government Maintenance Condominium Applications 52

Real Property Management California Coast

FEBRUARY 18, 2022

The laws that govern the relationship between an agent and their clients differ from state to state. Taking into consideration all of the applicable laws in California can be a lot of work, that is why it is far more logical for many rental property investors to hire El Segundo property management experts instead.

Real Estate 52

Real Estate License Property Management Property Manager 52

Haustay

SEPTEMBER 27, 2022

Check with your local zoning authority and government office to find out what’s required. However, hosts usually receive applicable payment 24 hours after the guest’s scheduled check-in time. Be sure to include applicable pricing for every potential stay. Check your lease to find applicable information on subletting.

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Airbnb Applications Applicants License 40

MRI Software

FEBRUARY 8, 2024

Fixed Expenses: Constant amounts unaffected by occupancy fluctuations, encompassing property taxes and insurance premiums. Compliance with Codes: Properties must be maintained according to all applicable building codes enforced through local, state, and federal statutes. New York City is the most prominent example in the United States.

Apartment 52

Apartment Rent Maintenance Lease 52

Bay Property Management Group

APRIL 15, 2025

government document states that they have allowed you to rent out property. No Insurance Coverage By definition, keep illegal apartments under the table, without official certification. And because theyre unofficial and unapproved, its almost impossible to insure them. ’s housing codes.

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