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Understanding the difference between a condo and a multifamily residence

MRI Software

Condos are typically financed like single-family homes, with similar down payments and mortgage terms. However, lenders often require additional documentation about the buildings HOA, such as financial stability and insurance coverage, to ensure the property is a sound investment.

Finance 52
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The Impact of Inflation on Property Managers

Authority Property Management

A continuous reduction in new projects could shrink the number of rental and commercial properties in need of property management services. Nonetheless, it is not all doom and gloom for property managers. Hard times call for innovative and adaptive solutions selling in the business of property management.