American Apartment Owners Association

JANUARY 27, 2025

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

Property 200

Property Insurance Rental Income Real Estate 200

American Apartment Owners Association

JANUARY 27, 2025

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

Property 130

Property Insurance Rental Income Real Estate 130

Esquire Property Management Group

DECEMBER 11, 2023

Legal Defense Costs : Typically, CGL policies include coverage for legal defense costs, encompassing attorney fees, court expenses, and settlements or judgments. For example, brokers, property managers, attorneys all have a duty to carry E&O insurance for their operations.

Insurance 52

Insurance Commercial Property Management Tenant Commercial Property 52

Esquire Property Management Group

MARCH 3, 2025

How are Insurance Proceeds to be Utilized? In many situations, the lender may require the borrower to utilize the insurance funds for repairs rather than keeping them, ensuring that the property remains in excellent shape and serves as appropriate collateral for the mortgage.

Insurance 104

Insurance Property Utilities IT 104