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Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property 200
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Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property 130
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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

To qualify, tenants must furnish a written declaration affirming compliance with these parameters, along with self-attestation regarding their workforce size. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease 52
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Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Landlords and property managers need to familiarize themselves with the ins and outs of insurance policies and coverage details to verify tenants’ compliance with lease agreement terms. For example, brokers, property managers, attorneys all have a duty to carry E&O insurance for their operations.

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Property Management Outsourcing Services: Benefits and Cost

Second Nature

Legal Most PMCs outsource their legal services to a third-party law firm or attorney to provide legal advice and representation on various matters related to the property or properties. At Second Nature, our renters insurance program has 100% compliance. This can help protect your company from financial and reputational damage.

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December 2024 Client Town Hall

Nest DC

Beyond compliance, we've found that maintaining fresh paint, thorough cleaning, and addressing minor repairs leads to higher resident satisfaction, longer tenancies, and fewer maintenance requests over time. Third, DC rental requirements continue to evolve, sometimes mandating specific updates like hallway painting in condo buildings.