RL Property Management

JANUARY 13, 2025

When it comes to managing rental properties, Fair Housing compliance for landlords is essentialits the foundation of a successful business. Yet, many landlords overlook how quickly non-compliance can lead to serious consequences. Failing to prioritize Fair Housing compliance for landlords can result in costly fines and legal battles.

Compliance 52

Compliance Landlord Regulation Property Management 52

American Apartment Owners Association

NOVEMBER 15, 2024

Engaging in this kind of dialogue not only shows a willingness to accommodate but also helps ensure compliance with fair housing regulations. Documenting every conversation and action taken is critical, as it demonstrates that the property manager made an effort to accommodate the resident in a fair and reasonable way.

Property Management 160

Property Management Property Manager Compliance Transportation 160

HOA Managememt

SEPTEMBER 12, 2024

Board members and community managers alike have a duty to ensure legal compliance. This certification confirms that they have read the association’s governing documents, will uphold them, and will faithfully carry out their duties. It also serves as proof of compliance. What are the New Florida HOA Laws 2024?

Condominium 219

Condominium Education Electronics Government 219

HOA Managememt

AUGUST 8, 2024

Specific duties can vary depending on state laws and the governing documents. The sale process usually requires the HOA to provide specific disclosure documents to mortgage lenders and potential buyers. These board members are community volunteers, meaning they serve their HOA without compensation.

Education 246

Education Government Management IT 246

Buildium

DECEMBER 26, 2024

From interviewing every candidate to managing invoices and overseeing insurance compliance, its no wonder why many board members want to put this task on a community managers to-do list. Document Preparation and Resale Disclosures Record processing, delivery, and retention of resale disclosures can be very time consuming.

Management 241

Management Insurance Maintenance Property Management 241

ADDA

OCTOBER 24, 2024

Managing the financial records of a cooperative housing society is a responsibility that requires precision, transparency, and compliance with statutory regulations. Compliance Issues : Ensuring statutory compliance becomes challenging without proper tools. Here’s why ADDA Books is the preferred choice.

Compliance 130

Compliance Utilities Finance Maintenance 130

Yardi Breeze

JANUARY 13, 2025

The only exposure I had to affordable housing compliance was a bonded property that required things like income tracking for residents, but it was nothing as complicated as affordable housing can be. Affordable housing compliance can be complicated. Is Yardi your first experience working with the affordable housing industry?

Consulting 147

Consulting Compliance Apartment Property Management 147

BetterWho

OCTOBER 4, 2024

Your policies should be airtight and documented to ensure they comply with state laws and are easy to explain to tenants. Utilize Compliance Tools Invest in property management software that includes compliance features. Tenants must be informed about every fee early in the leasing process to avoid accusations of hidden charges.

Property Management 130

Property Management Property Manager Management IT 130

Bay Property Management Group

NOVEMBER 27, 2024

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. That said, when board members fail to adhere to these documents, it can lead to legal disputes. Failing to Provide the Right Documentation There are several crucial documents that HOAs must have.

Government 130

Government Attorney Property Management Property Manager 130

HOA Managememt

OCTOBER 28, 2024

However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study.

Government 162

Government Condominium Maintenance IT 162

American Apartment Owners Association

DECEMBER 9, 2024

Ensure Compliance with Legal Standards If your tenant engages in illegal activity, it creates a strong basis for eviction, helping you regain control of your property more quickly. This could include photos, videos, witness statements, police reports, or any other documentation that supports your case. Screen Your Tenant Today!

Tenant 220

Tenant Lease Landlord Lease Agreement 220

Yardi Breeze

JANUARY 3, 2025

The bottom line : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines. Non-compliance may lead to steep penalties, including fines and criminal liability.

Compliance 130

Compliance Property Management Property Manager Government 130

Bay Property Management Group

DECEMBER 26, 2024

Understanding and Compliance Are Crucial – Tenants should familiarize themselves with HOA rules and maintain open communication with landlords. Proactive compliance with guidelines can help prevent fines or conflicts that might escalate to eviction. So, let’s dive a little deeper into how HOAs enforce rules.

Landlord 147

Landlord Compliance Property Management Property Manager 147

Rental Housing Journal

DECEMBER 17, 2024

Here are 5 items on the holiday fair housing checklist to offer property managers a unique opportunity to demonstrate their commitment to inclusivity and Fair Housing compliance. Balancing festive cheer with the requirements of fair housing compliance and inclusivity is no small task. size, safety, and placement rules).

Compliance 98

Compliance Education Property Management Property Manager 98

Yardi Breeze

NOVEMBER 22, 2024

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). What if someone isnt sure what to do next?

Compliance 130

Compliance Property Management Property Manager Government 130

Yardi Breeze

NOVEMBER 22, 2024

TL;DR : Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCEN’s BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). What if someone isn’t sure what to do next?

Compliance 130

Compliance Property Management Property Manager Regulation 130

ADDA

SEPTEMBER 21, 2024

By maintaining accurate records, landlords can easily monitor the profitability of their properties, plan for future expenses, and ensure compliance with local regulations. Maintaining accurate rental bookkeeping records ensures compliance with any local tax requirements and can simplify the filing process.

Compliance 130

Compliance Rental Property Regulation Landlord 130

Bay Property Management Group

DECEMBER 8, 2024

Proper documentation and communication are essential in all cases. In such cases, ensure that the agreement is documented through a signed lease cancellation form. If the landlord initiates the termination, they must provide written notice in compliance with local regulations. If youre lucky, the landlord might let you go.

Lease 130

Lease Lease Agreement Landlord Tenant 130

Rental Housing Journal

NOVEMBER 19, 2024

Engaging in this kind of dialogue not only shows a willingness to accommodate but also helps ensure compliance with fair-housing regulations. Documenting every conversation and action taken is critical, as it demonstrates that the property manager made an effort to accommodate the resident in a fair and reasonable way.

Compliance 98

Compliance Property Management Property Manager Transportation 98

HOA Managememt

AUGUST 27, 2024

Administrative Work AI can automate administrative tasks such as record-keeping, document management, and meeting scheduling. AI can also assist in ensuring compliance with legal requirements and regulations. This means ensuring the secure storage of personal data and the compliance of AI systems with relevant data protection laws.

IT 130

IT Compliance Maintenance Condominium 130

Yardi Breeze

OCTOBER 29, 2024

Simple change, big impact Candi Pearson, controller for GWM, explains how adopting Yardi Breeze Premier helped her team save hours of time and reduced potential compliance reporting errors. “It The biggest change for GWM is Breeze Premier’s ability to send compliance data directly to USDA.

Commercial Property Management 130

Commercial Property Management Compliance Maintenance Commercial Property 130

Real Property Management Evertrust

OCTOBER 7, 2024

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Start with a polite conversation and document everything in writing. If tenants don’t know the rules, they are more likely to break them.

Tenant 130

Tenant Lease Agreement Landlord Lease 130

Authority Property Management

NOVEMBER 22, 2024

Understanding SB 1051: A Guide for Landlords on Supporting Tenant Safety and Compliance. Expanded Documentation Options In the past, landlords could ask for pretty specific documentation to verify a lock-change request. SB 1051 simplifies things by expanding what’s considered “acceptable documentation.”

Landlord 105

Landlord Tenant Lease Compliance 105

American Apartment Owners Association

SEPTEMBER 16, 2024

Have they demonstrated lease compliance? Last but not least, make sure to document all negotiations in writing, either as part of the lease or as an addendum. Keeping this documentation will do you well in the long run, especially if there are more disputes regarding rent prices down the line.

Lease 231

Lease Rent Landlord Rental Income 231

HOA Managememt

NOVEMBER 28, 2024

The board can also consult legal counsel to ensure compliance with applicable laws. This can include warnings, fines, and even removal, provided the governing documents permit it. It’s best to review examples from other HOAs. After finalizing the code, all board members should receive a copy. Enforcement also plays a critical role.

Media 246

Media Consulting Government Compliance 246

AirKeeper

JULY 12, 2024

This guide will walk you through the essential steps to get your property Airbnb-ready, covering crucial aspects like regulatory compliance, property preparation, styling, and photography. Regulatory Compliance and Paperwork Before listing your property on Airbnb, it’s crucial to understand and comply with local laws and regulations.

Airbnb 130

Airbnb Property Compliance Regulation 130

American Apartment Owners Association

NOVEMBER 27, 2024

Guarantee legal compliance meticulously and leverage technology for streamlined processes. Reviewing income statements, tax returns, and other financial documents provides insight into the property’s revenue streams, expenses, and overall financial stability. Lastly, maintaining proactive legal compliance programs is essential.

Real Estate 130

Real Estate Compliance Property Management Property Manager 130

Buildium

OCTOBER 21, 2024

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. Auditing and Compliance Conducting periodic audits or reviews of the association’s financial records is equally important as proper reporting when managing HOA finances.

Finance 245

Finance Management Attorney Consulting 245

Beach Front Property Management

NOVEMBER 6, 2024

Document the Violation : Record details of the violation, including dates, times, and any supporting evidence, such as photos, emails, or witness statements. This document details the rule violated and allows the resident to resolve the issue. Collect supporting evidence to clarify the issue.

Lease 130

Lease Lease Agreement Attorney Maintenance 130

Rental Housing Journal

JANUARY 21, 2025

By The Fair Housing Institute As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence. These documents must be living resources, regularly reviewed and updated to reflect changes in legislation or operational needs.

Property Manager 52

Property Manager Property Management Management Compliance 52

Condo Control

NOVEMBER 7, 2024

Non-compliance with common element changes Corporations may charge costs, plus interest, to owners that fail to comply with agreements for improving common elements. If governing documents do not specify a time limit, give the owner a reasonable amount of time to resolve the issue.

Condominium 130

Condominium Government Insurance Landlord 130

Bay Property Management Group

NOVEMBER 13, 2024

Safety and Compliance- They’re trained in safety protocols and knowledgeable about local building codes, reducing the risks of accidents or legal issues. Documentation for each job is extremely important to keep for your records, especially when owning a rental property. How Can a Property Management Company Help?

License 130

License Contractors Property Management Property Manager 130

Yardi Breeze

DECEMBER 6, 2024

Affordable housing operators may want to consider adding RentCafe Affordable Housing , which allows residents to apply or recertify via integrated compliance workflows. If you’re sending the lease with the built-in Lease Builder correspondence option, you can only send the lease document to the primary tenant.

Property Management Software 130

Property Management Software Property Manager Property Management Management 130

Beach Front Property Management

SEPTEMBER 19, 2024

Ensure Compliance with Legal Standards If your tenant engages in illegal activity, it creates a strong basis for eviction, helping you regain control of your property more quickly. This could include photos, videos, witness statements, police reports, or any other documentation that supports your case.

Tenant 130

Tenant Landlord Lease Agreement Lease 130

Florida Property Management

JULY 23, 2021

As per Florida Law you when you are aware of this situation you must first serve a 7 day Notice of Non Compliance with an opportunity to Cure. After the expiration of the 7 day notice if the situation persists you can then file for an eviction based on the non compliance or breach of lease terms and conditions.

Compliance 52

Compliance Lease Agreement Attorney Property 52

Bay Property Management Group

NOVEMBER 18, 2024

Each state typically has a similar document that you can examine in order to find specific regulations on this matter. Compliance with local housing codes – Do some investigating. They’re also grounds to break your lease without paying the penalty. Look closely at your place.

Lease 130

Lease Lease Agreement Landlord Property Management 130

MRI Software

JULY 12, 2024

Data Management Data collection and analysis A good data management policy not only enhances operational efficiency, but also ensures compliance, improves financial performance, and ultimately leads to better decision making. Implement policies and procedures for document retention, backup and recovery, and security.

Management 52

Management Compliance Consulting Property Management 52