Real Property Management Chicago

MAY 3, 2015

6 reasons to hire a Chicago property manager You’ve decided to diversify your investment portfolio by purchasing a two flat in Irving Park, a couple of condos in Naperville, or a vacation home on the North Shore. A knowledgeable property manager can help you set the right price for the area.

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Condo Control

NOVEMBER 11, 2024

Motivated by the Surfside condo collapse, lawmakers don’t ever want to see another community in the same position as the Miami condominium ended up in. What if we need help with reserve management? Condominium disclosure statements must include the current balance in reserves, and the most recent reserve study, states Section 81-409.

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Condo Control

MARCH 6, 2025

Condo management is no exception. Read on to find out how high-rise condominiums are currently using AI to streamline operations and improve resident satisfaction. Below are some of the most common ways high-rise communities and condo management companies are currently implementing AI.

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HOA Managememt

OCTOBER 28, 2024

HOA Reserve Study Requirements by State A reserve study is an integral tool for any homeowners or condominium association. 3) An estimate of the cost of repair, replacement, restoration, or maintenance of the components identified in paragraph (1). (4) ” Colorado These are the Colorado HOA reserve study requirements.

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Condo Control

DECEMBER 6, 2024

Table of contents The homeowner satisfaction survey Trends Overall satisfaction Community managers Board members Perks Drawbacks Reserve studies Assessments The homeowner satisfaction survey The data used in this article was collected from the Foundation for Community Association Researchs Homeowner Satisfaction Survey. Read on to find out.

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Bay Property Management Group

NOVEMBER 20, 2024

When we are busy overseeing Northern Virginia property management of multifamily homes (including Richmond, Baltimore, D.C., Condominiums – The ownership of a condominium is divided by each unit. The post All About Multifamily Investing – The Ultimate Guide appeared first on Bay Property Management Group.

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Bay Property Management Group

NOVEMBER 18, 2024

When we take care of rental property management in Baltimore and other cities, we always strive to be transparent and upfront on what these are and how they interact with your daily living. Key Differences: HOA vs POA vs COA How Property Management Can Help What is an HOA? POA vs. COA… and how does it affect where you call home?

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HOA Managememt

AUGUST 27, 2024

Integrating artificial intelligence into HOA management transforms administrative tasks, improves communication, and enhances security. Today, communities and managers use AI-driven tools for a wide range of tasks. It covers various aspects of association management.

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Mem Property Management

OCTOBER 19, 2024

What Do Senior’s Want in an Condominium? #1: Homes with long driveways or multi-level entrances can be difficult for older adults to traverse, states Matthew Laderman, Vice President of mem property management To increase the appeal of your property for Active Adults Offer parking as close to the entrance as possible.

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American Apartment Owners Association

JANUARY 27, 2025

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

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Mem Property Management

OCTOBER 13, 2024

mem property management has announced its support of the New Jersey chapter Community Associations Institute (CAI-NJ) Annual Conference & Expo. Some of the topics to be covered include: Social Media, How to be a Successful and Outstanding Manager and Changing Cultures Within Communities.

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Beach Front Property Management

OCTOBER 2, 2024

At Beach Front Property Management Inc , our goal is to stabilize your returns while reducing vacancy rates, especially while handling multifamily units. What are Multifamily Properties? Multifamily investing is a real estate strategy focused on properties that accommodate multiple residents, such as apartment complexes or condominiums.

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American Apartment Owners Association

DECEMBER 9, 2024

Property Condition: Make sure the replacement property is in good condition or has manageable renovation needs to avoid high maintenance costs. Types of Properties Eligible for a 1031 Exchange While the term like-kind can sound limiting, it encompasses a broad range of investment properties.

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Mem Property Management

FEBRUARY 5, 2025

mem property management corporation, a full-service condominium management firm headquartered inNew Jersey has proved the unparalleled effectiveness of its disaster readiness plan in the aftermath of Superstorm Sandy. For mem property management, NJ comes first. Laderman, President of mem property management company.

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Rental Choice

APRIL 4, 2024

Similarly, you can charge higher rental rates if the apartment, condominium, or community has amenities like gyms, pools, on-site parking, or co-working spaces. Rental Cost Home or apartment rent prices should never be lower than the cost of maintaining and managing rental property. A property management company might help with that.

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MRI Software

DECEMBER 12, 2023

From ensuring satisfaction for multiple tenants to tracking payments to handling emergency maintenance issues, managing these types of properties requires effort and expertise. This is where multifamily property management steps in. What is multifamily property management?

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Mem Property Management

AUGUST 5, 2024

mem property management , recently filed with the United States Patent and Trademark Office (USPTO) a Combined Declaration of Use and Incontestability Under Sections 8 and 15 to further strengthen the company’s intellectual property rights. “We

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Property Management Inc.

NOVEMBER 26, 2024

Dealing with a property manager who ignores your concerns or requests can be frustrating and challenging. Whether you're renting an apartment, condominium, or commercial space, effective communication with your property manager is essential for resolving issues and ensuring a positive rental experience.

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Authority Property Management

JULY 26, 2024

While it is marketed as a measure to provide relief for renters, it poses serious concerns for property owners, managers, and landlords. In this blog post, we will delve into the details of Proposition 33 , how it could affect the real estate market, and why those involved in property management should consider voting no.

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Florida Property Management

JUNE 27, 2024

Multi-family properties can provide higher rental income due to multiple units but also come with higher management demands and potentially higher vacancy risks. Condominiums Condos can be a cost-effective entry point into real estate investing, often requiring lower initial capital compared to single-family homes.

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MRI Software

FEBRUARY 2, 2025

These property types offer unique benefits, depending on whether youre looking for a low-maintenance home, a rental property, or a mix of both. A condo, or condominium, is a privately owned unit within a larger multi-unit building. What are the ownership and maintenance responsibilities of a condo? is about $300.

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MRI Software

DECEMBER 9, 2024

In this guide, youll discover how the various real estate asset classes offer unique benefits for investment growth and risk management. Residential asset class Residential properties include familiar living spaces like single-family homes, condominiums, and townhouses. What are asset classes?

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Florida Property Management

MARCH 30, 2023

Condominium units sometimes represent a problem because you need to abide by a strict set of rules that many times are not investor friendly and create problems with the optimal performance of your real estate investment. When we look at residential properties first we need to talk about the property type.

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Property Management Inc.

NOVEMBER 26, 2024

This is why we often stress the importance of regular maintenance because issues only grow more costly when they’re not caught and taken care of early on. ” They surveyed “CAI managers, board members, and contractors in community associations across the U.S.” … Don’t shirk preventive maintenance.

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Nest DC

JUNE 22, 2023

After single-family row homes and townhouses, condominiums (condos) and cooperatives (co-ops) are two popular housing types in Washington, DC, for potential buyers. When you purchase a condominium, you are buying an individual unit within a larger building or complex. What does that mean? And, is it important? Is it co-ops or condos?

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Florida Property Management

DECEMBER 16, 2023

Whether you're living in an apartment, house, or condominium, taking steps to avoid water damage not only protects your personal belongings but also ensures a positive relationship with your landlord. Regularly inspect these appliances for any leaks, and follow the manufacturer's maintenance recommendations.

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MRI Software

DECEMBER 12, 2023

Understanding multifamily properties in today’s real estate market is essential for investors and property managers. Property managers with these properties in their portfolios will need to know how to navigate the unique challenges and rewards that come with managing homes for multiple families. What is a multifamily property?

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Real Property Management DC Metro

AUGUST 11, 2023

You’re on the right track to depend on your rental income if it comfortably pays all of your bills, including your mortgage, property taxes, insurance, maintenance fees, and personal living expenses. You may maintain steady occupancy and maximize your rental income by combining single-family homes, apartments, and condominiums.

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McKee Properties

FEBRUARY 10, 2025

This guide, crafted by McKee Properties , a trusted name in San Diego real estate management, will equip you with detailed insights on what to look for when seeking investment opportunities in Hillcrest. Review Property Type Options Hillcrest offers diverse property types, including condominiums, single-family homes, and apartment complexes.

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Mem Property Management

JULY 24, 2024

As a result, these communities lack the guidance and provisions they require to govern the installation and management of charging stations. As always, it is best for HOA boards to seek help from an attorney or their HOA management company when interpreting their rights, powers, and obligations.

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Real Property Management Choice

MAY 23, 2024

Let’s get started so you know how to structure your lease, your marketing, your screening , and your entire rental management plan in a way that keeps you in compliance. Unless: You’re renting out a single-family home or a condominium and you are not part of a corporation or a REIT. Please contact us at Real Property Management Choice.

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Florida Property Management

FEBRUARY 9, 2024

This leads to a decline in the overall quality of rental housing stock and can exacerbate issues such as poor maintenance and inadequate living conditions. Landlords facing rent control regulations may be less inclined to maintain or upgrade their properties, as they cannot fully recoup their investments through higher rents.

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Mem Property Management

SEPTEMBER 4, 2024

In other words, did you deal with homeowners, vendors, and management in an honest and fair manner. Condominium and townhome owners will need to have a personal lines policy (HO-4, HO-5, HO-6, etc.) However, the big caveat is that you must follow the spirit of the rule. Did you act in good faith? Did you utilize care?

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MRI Software

APRIL 1, 2025

Condos have become a popular choice for buyers seeking affordable and low-maintenance homeownership, and this trend has sparked interest among multifamily property owners. Many landlords are now exploring the potential of converting their rental properties into condominiums to unlock new opportunities for income and investment.

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Condo Control

FEBRUARY 13, 2025

Instead of having to ask management or the board about upcoming member meetings or request an architectural change form, owners can log on to the associations website and immediately get everything they need from one place. Its an affordable and effective way to advertise. Best of all, having an online system keeps everyone more accountable.

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