Remove Compliance Remove Education Remove Rent
article thumbnail

A Caution to AI: The Possibility of Fair Housing Violations in Communication and Payments

American Apartment Owners Association

While these tools increase efficiency, property managers must be mindful of accessibility challenges and compliance risks, particularly under the Fair Housing Act. Remember, you understand that compliance is non-negotiable, whereas AI is continually learning. Additionally, human oversight must remain a fundamental part of the process.

article thumbnail

Crisis Management in Property Management: Strategies for Success

Beach Front Property Management

Financial Crises Unpaid rent, economic downturns, and property devaluation can impact profitability. Legal Issues Lease violations, lawsuits, and regulatory compliance challenges can pose serious risks for property managers. Enhanced compliance with safety codes and regulations.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Deceased Owners In HOA: A Look At Different Possible Scenarios

HOA Managememt

The HOA may work with the estate or heirs to ensure compliance. Rental Properties and HOA Authority The HOA retains authority over the unit if a deceased homeowners property is rented out. Renters must comply with community rules, and the property owner (or estate) is responsible for ensuring tenant compliance.

Insurance 130
article thumbnail

A Caution on AI: The Possibility of Fair-Housing Violations in Communication and Payments

Rental Housing Journal

While these tools increase efficiency, property managers must be mindful of accessibility challenges and compliance risks, particularly under the Fair Housing Act. Remember, you understand that compliance is non-negotiable, whereas AI is continually learning. Additionally, human oversight must remain a fundamental part of the process.

article thumbnail

Rent or Sell: What’s the Best Move?

RL Property Management

Table of Contents Should You Rent or Sell Your Property? Should You Rent or Sell Your Property? Either way, you’re standing at a financial fork in the road: Should I rent this place out, or just sell it and move on? People who choose to hold and rent almost always come out ahead over a 5, 10, or 20-year timeline.

Rent 52
article thumbnail

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

Esquire Property Management Group

They are responsible for a variety of tasks, including maintaining tenant relationships, guaranteeing legal compliance, and assuring financial stability. Property owners are looking for managers that can: Collect rent in a timely manner: Follow up on delinquent payments and make sure that rent is collected in a timely manner.

article thumbnail

Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

Managing Partner of Education, Kimball, Tirey & St. Complying with Californias Balcony Laws SB 721 and SB 326 With the deadline for SB 721 and SB 326 compliance fast approaching, David Atkins will walk you through the inspection and repair processes required for rental properties with balconies, decks, and other elevated structures.