article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

Property 200
article thumbnail

Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

Even as the pace of inflation has slowed down, expenses like labor, materials, and insurance remain higher than they once were. 3 in 4 survey respondents agreed that prices had increased most in four areas of the business: costs for third-party vendors, property insurance, property taxes, and materials and supplies.

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 Insurance — What You Don’t Know, Can Hurt You!

Mem Property Management

The purchase and annual renewal of the Master Insurance policy for most homeowner associations (HOAs) is probably the quickest and least understood decision an HOA board makes each year say Martin H. IMPORTANT: Your insurance broker must review the CC&R for your association to understand the scope of the associations responsibility.

article thumbnail

Real Estate Title Claim Dispute Toolkit

American Apartment Owners Association

If you purchase property, you should have title insurance, and if you loan money secured by real property you should have title insurance. It is well worth it to have an insured deed with a policy of title insurance issued by a title insurance company. Bankruptcy Court. The prelim is an imperfect snapshot!

article thumbnail

Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

These professionals bring real-world experience and innovative solutions to the challenges landlords face, from tax-saving strategies to managing emotional support animal (ESA) requests and tackling the insurance crisis. Lets dive deeper into the speakers and their unique insights for this years sessions. Lauren Lieb Sr.

article thumbnail

AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

This one-day event is specifically tailored for DIY landlords, real estate investors, realtors/brokers, and property managers seeking the latest insights and tools to manage their properties more effectively and is FREE for AAOA paid members.

Apartment 189
article thumbnail

A Broker's Dilemma; The Risks of Sales Agents Managing Properties

Authority Property Management

How mixing sales and property management could cost brokers their insurance. In the complex world of real estate, brokers often face the decision of whether to engage in property management activities alongside sales. Brokers must establish and enforce clear policies regarding property management by their agents.

Broker 52