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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? All three of these play a role in keeping the association running smoothly and protecting the community’s finances.

Finance 245
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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. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property 200
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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.

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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.

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Distressed Property: What It Is And How To Invest

Bay Property Management Group

In the world of property management in Philadelphia PA , we often come across properties with stories that took an unexpected turnthese are what we call distressed properties. For investors, it can be hard to balance managing these projects effectively and staying within your budget. This is where property managers come in.

IT 130
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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Manage maintenance costs proactively. To ensure a successful tenancy, consider tenant screening as an integral part of yourproperty management strategy. Maintenance Cost Management Effective maintenance cost management is vital for maximizing profitability and safeguarding the longevity of your multifamily real estate investments.

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

Esquire Property Management Group

Finding and hiring the correct property manager to manage your rental property can make all the difference in the world for landowners and investors – this is true for both commercial and residential property. In order to successfully own investment property, property managers are necessary partners.