article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Although it is not mandatory that rental owners purchase landlord insurance , most lenders will require it if you are financing the property or hold a mortgage on it.

Property 200
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. In this guide, we give you the full HOA finances picture. What are HOA Finances? Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity.

Finance 245
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

The incoming board should also receive the contact information of the association attorney. RELATED ARTICLES: HOA Annual Report: How To Make One For Homeowners HOA Fraud on The Rise: How to Safeguard Your Property, Community, and Finances What Is A HOA Board Member Holdover?

article thumbnail

Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

CHAT WITH AN ATTORNEY Legal Compliance Tips By prioritizing compliance withfair housing laws, you can mitigatelegal risksand avoid potential penalties in your multifamily real estate investments. Explore financing options while considering the 1% Rule forsustainable growth. Need Legal Help? Chat with a real estate lawyer near you.

article thumbnail

New 2025 condo and HOA laws for U.S. states

Condo Control

If there are insufficient funds in the reserve to cover the cost of repairs, the bill authorizes an association to obtain competitive financing to commence repairs or replacements without a vote, and to levy an emergency assessment to repay the loan if certain conditions are met. These types of issues are not as costly for owners to litigate.

article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Although it is not mandatory that rental owners purchase landlord insurance , most lenders will require it if you are financing the property or hold a mortgage on it.

Property 130
article thumbnail

Navigating the Landscape: Discover Multifamily Property for Sale with Expert Insights

American Apartment Owners Association

Financing Options Explore diverse financing avenues, including insights on how to buy a multifamily property with no money down, to kickstart your investment journey. Evaluate traditional financing methods, government-backed loans, and private lending options.

Property 130