American Apartment Owners Association

NOVEMBER 7, 2024

This implied warranty also covers the maintenance of all common areas, such as the buildings entryway, staircases and laundry rooms. The monitoring and maintenance of the roof, walls, floors, windows and doors is also understood. The post How to Keep Your Tenants Safe appeared first on AAOA.

Tenant 246

Tenant Landlord Lease Applicants 246

Mem Property Management

FEBRUARY 6, 2025

At the same time, community association boards have an important responsibility tocollect assessments, which fund essential services such as trash pickup, stormwater management, street and sidewalk maintenance and lighting, and recreational facilities.

Attorney 69

Attorney Government Maintenance Management 69

Buildium

OCTOBER 21, 2024

The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. You’ll also need to budget for attorney fees. Review how many hours your association’s attorney typically bills each month so you can plan for those expenses accordingly.

Finance 245

Finance Management Attorney Consulting 245

Esquire Property Management Group

FEBRUARY 2, 2025

Being open and honest about maintenance difficulties, tenant complaints, and financial concerns is an essential component of transparency. The maintenance of a property is vital for maintaining the value of the property and ensuring that tenants are satisfied.

Property Management 64

Property Management Property Manager Property Management Services Management 64

Appfolio

JULY 13, 2020

Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Invest in a property-wide deep cleaning, and address any maintenance issues that have been put off. Protect your human assets.

Lease 264

Lease Applicants Applications Property Management 264

Beach Front Property Management

JANUARY 15, 2025

If the policy wording is unclear, consult a local attorney specializing in insurance law. Homeowners should review their liability insurance coverage with an attorney to ensure they are protected against such claims. The explanation should clarify why certain items are not covered and detail any coverage limits.

Insurance 147

Insurance Property Attorney Transportation 147

American Apartment Owners Association

NOVEMBER 27, 2024

The lawsuit alleges the tenant protection laws have forced the building to accept tenants who caused safety issues, added new maintenance and security costs, increased tenant and staff turnover, limited evictions and discouraged rent increases that might help cover the increased costs.

Tenant 130

Tenant Landlord Government Regulation 130

Beach Front Property Management

NOVEMBER 6, 2024

Property Care and Maintenance : Residents are responsible for keeping the property in good condition. Promptly handling repairs and regular maintenance helps maintain the property’s value. Neglecting Essential Repairs : It is the homeowner’s responsibility to promptly address maintenance issues and necessary repairs.

Lease 130

Lease Lease Agreement Attorney Maintenance 130

Real Property Management Evertrust

OCTOBER 7, 2024

Underestimating the Costs of Maintenance The Mistake: Some new landlords think the rent they collect is pure profit, forgetting to budget for inevitable repairs and maintenance. The Fix: Budget for ongoing and unexpected maintenance. Preventative maintenance can also save you money in the long run.

Landlord 130

Landlord Lease Agreement Tenant Maintenance 130

Condo Control

JANUARY 10, 2025

Some HOAs hand off those types of maintenance responsibilities to owners, but thats not always the case. Inform the HOAs attorney All lawsuits are subject to strict filing deadlines. As a result, the board should reach out to the associations attorney as soon as the HOA is served.

Litigation 130

Litigation Government Attorney Insurance 130

American Apartment Owners Association

DECEMBER 2, 2024

Economies of Scale: Managing numerous units in one location can be more efficient, reducing maintenance and management costs per unit. Condition and Maintenance: Conduct thorough inspections to identify necessary repairs or renovations. Rental History: Review the property’s rental history to gauge its income potential.

Real Estate 130

Real Estate Single-Family Home Property Management Property Manager 130

Rental Housing Journal

MARCH 25, 2025

Remember Hank is not an attorney and he is not offering legal advice. As a child, Hank Rossi sometimes helped his father take care of the family rental-maintenance business. If tenants leave damage in your rental and then want their deposit back what should we do is the question this week for Ask Landlord Hank.

Tenant 52

Tenant Landlord Attorney Lease 52

American Apartment Owners Association

JANUARY 27, 2025

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

Property 130

Property Insurance Rental Income Real Estate 130

Bay Property Management Group

NOVEMBER 27, 2024

Consult an Attorney – If your HOA violates the governing documents, contact an attorney specializing in HOA disputes. So, if you need help with tasks like budgeting, coordinating meetings, scheduling maintenance, or performing inspections, we’ve got it covered.

Government 130

Government Attorney Property Management Property Manager 130

Bay Property Management Group

DECEMBER 2, 2024

Main Takeaways If your home’s maintenance problem impacts your safety and health, your landlord is legally required to fix it. To be clear, tenants are on the hook for bringing any maintenance concerns to the landlord’s attention. When Aren’t Landlords Liable for Maintenance Issues?

Landlord 147

Landlord Property Management Property Manager Tenant 147

Bay Property Management Group

DECEMBER 1, 2024

While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. Whether you speak with an attorney specializing in rental issues or report the violation to your local housing authority, make sure you take proper action.

Rent 147

Rent Landlord Property Management Property Manager 147

MRI Software

MARCH 5, 2025

Whether it’s a disagreement over maintenance responsibilities or an injury claim, legal fees can add up quickly. Liability insurance covers attorney fees, court costs, and potential settlements to reduce financial strain. Regular maintenance and upgrades can help lower the cost of your liability insurance.

Insurance 52

Insurance Landlord Rental Property Tenant 52

Rental Housing Journal

DECEMBER 5, 2024

Remember Hank is not an attorney and he is not offering legal advice. Sincerely, Hank Rossi As a child, Hank Rossi sometimes helped his father take care of the family rental-maintenance business. Can a landlord use pet deposit money to pay for other tenant rental damages is the question this week for Ask Landlord Hank.

Landlord 98

Landlord Attorney Tenant Lease 98

Muldoon Associates

DECEMBER 5, 2024

This includes tasks like tenant screening, lease enforcement, and property maintenance. Contact a management company before you buy, because a good management partner will tell you how much rent you’re likely to earn on a property, what kind of maintenance will be necessary, and how long it will take you to find a well-qualified renter.

Contractors 96

Contractors Real Estate Attorney Property Management 96

Beach Front Property Management

SEPTEMBER 26, 2024

It outlines details like pet policies, guest allowances, parking, and maintenance procedures. What to Include in Lease Agreement You can write an effective lease agreement without needing to consult an attorney. Repairs and Maintenance. Clearly outline responsibilities for maintenance and repairs to avoid disagreements.

Lease 130

Lease Landlord Lease Agreement Insurance 130

American Apartment Owners Association

NOVEMBER 7, 2024

This implied warranty also covers the maintenance of all common areas, such as the buildings entryway, staircases and laundry rooms. The monitoring and maintenance of the roof, walls, floors, windows and doors is also understood. The post How to Keep Your Tenants Safe appeared first on AAOA.

Tenant 130

Tenant Landlord Lease Applicants 130

Condo Control

NOVEMBER 11, 2024

According to SB 4-D , in addition to annual operating expenses, the budget must include reserve accounts for capital expenditures and deferred maintenance. Section 81-315 states that minimum contributions to reserves vary based on the Reserve Study or a statutory formula based on number of common area components. This rule is very important.

Condominium 130

Condominium Maintenance Government Management 130

American Apartment Owners Association

DECEMBER 9, 2024

swapping a property owned by an LLC with one owned by an individual) These pitfalls can be avoided by working with a team of experienced professionals, including real estate attorneys, tax advisors, and qualified intermediaries. Final Thoughts: Is a 1031 Exchange Right for You?

Real Estate 130

Real Estate Regulation Condominium Attorney 130

Muldoon Associates

NOVEMBER 7, 2024

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. The worst mistake you can make as a rental property owner, however, is delaying or ignoring maintenance needs. Be responsive.

Lease Agreement 98

Lease Agreement Property Property Management Property Manager 98

American Apartment Owners Association

DECEMBER 2, 2024

Consider factors such as occupancy rates, maintenance costs, and potential for value-added improvements. Engage with a reputable real estate attorney to ensure all legalities are in order and that the transaction progresses without a hitch. Making an Offer: Once satisfied, make a competitive offer and initiate negotiations.

Property 130

Property Finance Real Estate Property Management Software 130

Bay Property Management Group

NOVEMBER 18, 2024

For example, you can find the Consumer Guide to Tenant and Landlord Rights from the Pennsylvania Attorney General a helpful guide for those in Philadelphia and nearby. Whether you need maintenance or have questions about your rental property or lease agreement, our team of qualified managers can help.

Lease 130

Lease Lease Agreement Landlord Property Management 130

Condo Control

NOVEMBER 5, 2024

HOAs must ensure that roads and common areas are clear of snow and ice, but answers vary when it comes to sidewalk and driveway maintenance. Some communities pay more to have snow cleared from owner lots, while others expect owners to do the shoveling.

Insurance 130

Insurance Attorney IT Maintenance 130

Real Property Management Evertrust

OCTOBER 7, 2024

Why it’s a mistake: An unclear or poorly written lease can lead to disputes over rent due dates, maintenance responsibilities, and other important issues. Include specific clauses for things like late rent payments, property maintenance, and what will trigger an eviction notice.

Tenant 130

Tenant Lease Agreement Landlord Lease 130

Property Management Inc.

NOVEMBER 26, 2024

These fees include a number of things such as the title search, the inspection, the credit report, attorney fees, the transfer, and more. Property Maintenance Costs. You’ll need to put money aside to handle preventative and emergency maintenance needs. What Fees Should You Account for Ongoing? Landscaping Costs.

Rental Property 52

Rental Property Attorney Property Insurance 52

Property Management Inc.

NOVEMBER 26, 2024

If you paid an attorney or title company for legal services regarding your rental property, these expenses are deductible as well. TRANSPORTATION & TRAVEL* If you drive your vehicle to and from your rental property to collect rents, maintenance inspections, or other management activities, the mileage may be tax deductible.

Rental Property 98

Rental Property Property Transportation Professional Property Management 98

Esquire Property Management Group

NOVEMBER 14, 2024

The fee generally covers tasks such as rent collection, coordinating maintenance, responding to tenant inquiries, and managing lease renewals. Are there typical upcharges for Maintenance and Repairs? Some property management companies add a mark-up on maintenance and repair costs, typically around 5% to 20% of the total expense.

Commercial Property Management 52

Commercial Property Management Commercial Property Property Management Property Manager 52

American Apartment Owners Association

SEPTEMBER 13, 2022

It can affect building maintenance and renovations. AAOA recommends you consult with an attorney familiar with current federal, state and local laws. Due to reduced rent, the landlord may not have the money to reinvest in new appliances or upgrades since the return on investment isnt a contributing factor. Join AAOA today !

Rent 130

Rent Rental Unit Landlord Regulation 130

Real Property Management Choice

JULY 21, 2015

.; and it is also their responsibility to pay for all expenses prior to installation and costs that may arise from damage, maintenance, repair, removal and replacement of the charging stations. It states that the city attorney can demand that a landlord evicts a tenant for unlawful possession of weapons or ammunition.

Landlord 52

Landlord Electronics Attorney License 52

Esquire Property Management Group

OCTOBER 9, 2024

Landlords will need to provide “supporting documentation” for applicable costs, which must be limited to expenses related to operation, maintenance, and repair. Local district attorneys have been granted authority to enforce these requirements, necessitating a rigorous adjustment to leasing practices.

Lease 52

Lease Commercial Property Commercial Property Management Lease Agreement 52

Florida Property Management

SEPTEMBER 11, 2023

Real estate investment requires a deep understanding of property laws, local regulations, tenant-landlord relationships, and property maintenance. Property owners must handle tasks such as tenant screening, rent collection, property maintenance, and emergency repairs. Without the necessary expertise, investors can make costly mistakes.

Management 52

Management Property Professional Property Management Property Manager 52

Florida Property Management

FEBRUARY 16, 2024

On the other hand, when renting out your home, you'll need to consider the costs of property management, maintenance, and repairs, as well as the potential for rental vacancies. When selling your home, you'll need to factor in closing costs, real estate agent commissions, and any repairs or renovations needed to make your home marketable.

Rent 52

Rent Attorney Real Estate Consulting 52

American Apartment Owners Association

SEPTEMBER 2, 2022

Between looking for properties, acquiring them, marketing, property management, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! If youre not a do-it-yourselfer, you can always hire repair companies to fix damage and perform routine maintenance.

Real Estate 130

Real Estate Rental Property Apartment Rent 130