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
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.

Insiders

Sign Up for our Newsletter

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

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

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
article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Legal and Professional Expenses You can deduct fees paid to attorneys, accountants, consultants, and other professionals for any work related to your business. Self-employed people can deduct 100% of their health insurance premiums from their income taxes (up to the amount of profit they earn from their businesses).

article thumbnail

Ways to Minimize Risk in a Real Estate Portfolio

Real Property Management Chicago

Let your financial advisor help you find properties that suit your investment needs and the most favorable financing options to achieve your goals. Additionally, your plan should detail possible risks and challenges and outline how you intend to manage them.

article thumbnail

The Corporate Transparency Act – should your association wait to file a report?

Condo Control

The Corporate Transparency Act (CTA) aims to help detect and combat money laundering and terrorist finance, facilitate tracking money that has been sourced through criminal or terrorist activity, and safeguard national security and the U.S. financial system.