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Run better HOA board meetings: Tips and tools for association managers

Buildium

As the governing body, the board is responsible for making decisions that uphold the community’s governing documents, maintain financial stability, and address homeowner concerns. This position also involves preparing financial reports, managing contracts, and keeping all communication channels open and effective.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Advertising to influence government legislation, however, is never deductible. Having property management software with accounting features can help you do that. Every property management tax mistake is, at best, a missed opportunity to save money and, at worst, a potential compliance issue.

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Understanding HOA finances: A practical guide for association managers

Buildium

Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits. From there, your insurance agent can walk you through whether your current coverage is adequate for the property and what the premiums will look like for the upcoming year.

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Sustainable real estate investment: A guide to building a greener portfolio

MRI Software

Green buildings also get government incentives and rebates. Leverage government incentives and rebates. Many regions offer financial incentives for sustainable property investments. Assessing government incentives for sustainable property investment Governments value the importance of sustainability in real estate.

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How do property managers verify income?

MRI Software

Investment Income To verify investment income, property managers typically request documentation that substantiates the income reported by the applicant. This compliance is critical to maintaining equitable treatment for all applicants. The post How do property managers verify income?

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Investing in affordable multifamily housing: Key benefits and risks to consider

MRI Software

On top of that, some local governments offer property tax reductions or grants to encourage affordable housing development. For example, if you choose to participate in Section 8 , you may also benefit from rent subsidies paid directly by the government. Financing can also be a challenge.

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Evaluating renovations: Which upgrades offer the best ROI for multifamily apartments

MRI Software

Clearly defining the extent of the work helps you manage costs and prioritize essential improvements. Compliance with these rules may require additional work and materials, adding to your overall expenses. Local building codes and regulations Local building codes and regulations can affect your renovation costs as well.