Remove Attorney Remove Finance Remove IT
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. Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. Get started by viewing .

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. A checklist helps ensure that board members don’t forget anything important during the transition. What to Include in an HOA Transition Checklist It is always good to write down what needs to be done. It is easy to get lost in the process.

article thumbnail

What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

A major component of property management is the administration of finances in a manner that is both accurate and transparent. A property manager who has a solid reputation is able to negotiate obstacles more effectively and offer insightful advice due to their extensive experience.

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. When making leasing decisions, it’s essential to prioritize tenant screening as 80% of landlords believe it to be the most critical factor.

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. Change is easier when your community is prepared for it.

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. a board member is replaced) How is a report filed?