Remove Attorney Remove Compliance Remove IT
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. In the end, it can help you capture the perfect property with excellent ROI potential or it can save you from a drastic mistake. It is recommended that you to guide you through the bewildering process.

Property 200
article thumbnail

HOA Transition Checklist: Onboarding The New HOA Board

HOA Managememt

This is also the perfect time to discuss the board’s approach to compliance and enforcement. Legal and Regulatory Compliance The HOA board is also responsible for legal and regulatory compliance. The incoming board should also receive the contact information of the association attorney.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

BOI Reporting: Corporate Transparency Act Update (Feb. 2025)

Yardi Breeze

The bottom line : 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. Non-compliance may lead to steep penalties, including fines and criminal liability.

article thumbnail

Understanding the 1031 exchange timeline: A step-by-step guide for property managers

Buildium

Tips for a Successful 1031 Exchange To navigate the 1031 exchange process smoothly, consider the following tips: Engage a Qualified Intermediary: A qualified intermediary is required for facilitating the exchange and ensuring compliance with IRS regulations. It’s important to note that not all properties qualify for a 1031 exchange.

article thumbnail

Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. Keep reading and explore our guide to rent increase notices, compliance and more. Ready to get started? Ready to get started? What causes rent to increase?

article thumbnail

Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. Keep reading and explore our guide to rent increase notices, compliance and more. Ready to get started? Ready to get started? What causes rent to increase?

article thumbnail

BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

The bottom line : 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). The deadline itself hasnt changed.