Remove Attorney Remove Compliance Remove Management
article thumbnail

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

Buildium

This powerful tool allows property managers and investors to defer capital gains taxes by reinvesting the proceeds from the sale of an investment property into a like-kind property. Increased Buying Power: With more capital to invest, property managers can acquire higher-value properties or multiple properties.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Property management Consider the management demands of the property and whether you have the time and energy to deal with them yourself.

Property 200
Insiders

Sign Up for our Newsletter

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

article thumbnail

HOA Transition Checklist: Onboarding The New HOA Board

HOA Managememt

HOA Operations and Management Systems The next part of anHOA transition checklist should involve operations and management systems. Outgoing board members should provide incoming board members with login credentials and access to all management software. Many HOA management companies also offer board education and training.

article thumbnail

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

Yardi Breeze

To get you the best information possible, we spoke to Joe Riter, senior manager of public policy at the National Apartment Associations (NAA) Government Affairs department. The bottom line : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements.

article thumbnail

Understanding HOA finances: A practical guide for association managers

Buildium

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity. You’ll also need to budget for attorney fees. What are HOA Finances?

Finance 245
article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

If youre new to property management taxes, there could be some big mistakes youre making that could cost you or your owners money. Check out these six property management tax mistakes to see if youre guilty of making themand how to remedy them moving forward. If you rent equipment or vehicles, the rent you pay is fully deductible.

article thumbnail

Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities. Manage maintenance costs proactively. Ensure legal compliance to mitigate risks. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.