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

MARCH 6, 2025

Read on to find out how high-rise condominiums are currently using AI to streamline operations and improve resident satisfaction. Thats 1/5 of condo fees going to maintenance ! Thats 1/5 of condo fees going to maintenance ! This allows management to take immediate action and reduce the risk of damage to the system or property.

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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. 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

NOVEMBER 7, 2024

Download our free chargeback letter template Chargebacks are one way residential communities can preserve peace and property values. A condominium or strata may charge costs that it sustained because of an owner’s actions or omissions back to them through common expense fees. 133 of the Strata Property Act. What are chargebacks?

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American Apartment Owners Association

JANUARY 27, 2025

Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property? Get started by viewing .

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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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Bay Property Management Group

NOVEMBER 20, 2024

When we are busy overseeing Northern Virginia property management of multifamily homes (including Richmond, Baltimore, D.C., The rental market for multifamily properties has historically been very healthy. Pro: Tax Benefits Investing in multifamily property can provide investors with a number of tax benefits.

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Condo Control

DECEMBER 6, 2024

cooperatives, HOAs, and condominiums, provide anonymous answers to a survey company on behalf of the Foundation. If you live in a condominium or homeowners association, does your community have a reserve study to help plan for repair and replacement of major components owned by the community? This survey is completed every other year.

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Bay Property Management Group

NOVEMBER 18, 2024

Coming into a new rental property, you probably have a lot of questions. 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. They typically govern the shared spaces more than individual properties.

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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. ” About mem property management mem property management is a privately held NJ property management company that was founded in 1984, by Martin H. .

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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. . #2:

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American Apartment Owners Association

DECEMBER 9, 2024

By leveraging this tool, you can defer capital gains taxes and reinvest in larger or more lucrative properties. Internal Revenue Code, allows real estate investors to defer paying capital gains taxes when they sell a property and reinvest the proceeds into a like-kind property. What is a 1031 Exchange in Real Estate?

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HOA Managememt

AUGUST 27, 2024

These include managing maintenance schedules, handling financial transactions, enhancing security measures, and facilitating communication with residents. Preventive Maintenance AI can predict maintenance needs before issues become critical, saving time and money. It covers various aspects of association management.

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Rental Choice

APRIL 4, 2024

It’s important to strike a balance to make the most out of the rental property. Property Value How do you calculate real rental price? Landlords can often use the property’s overall worth to determine the base rental price. Typically, the rental price of a property should fall between 0.8%

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Beach Front Property Management

OCTOBER 2, 2024

Investing in multifamily properties is an excellent way to grow your portfolio and generate steady passive income. 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?

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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

MARCH 30, 2023

What investment property to buy? What is the best type of property to buy. Of course that returns on the investment, appreciation rates as well as risk, vary from property type to property type. All investors would like to buy the property that yields the highest return on their investment with the minimum possible risk.

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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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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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MRI Software

DECEMBER 12, 2023

For investors, multifamily properties offer a profitable opportunity, however, they come with a unique set of challenges. From ensuring satisfaction for multiple tenants to tracking payments to handling emergency maintenance issues, managing these types of properties requires effort and expertise.

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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. For investors, these properties present lucrative opportunities for diversifying portfolios and securing long-term income streams. What is a multifamily property?

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McKee Properties

FEBRUARY 10, 2025

For property investors, Hillcrest in San Diego presents a vibrant and promising market. However, succeeding in real estate investment requires more than just purchasing property. However, succeeding in real estate investment requires more than just purchasing property.

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Real Property Management DC Metro

AUGUST 11, 2023

Because it provides an alluring chance for financial freedom and the potential to generate passive income from investment properties, many people aspire to work as full-time landlords. A stable cash flow allows you to make additional investments in your properties or take advantage of additional income.

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Florida Property Management

JUNE 27, 2024

Well-chosen properties in desirable locations can provide consistent cash flow, often exceeding initial investment expectations. These can include deductions for mortgage interest, property depreciation, and operating expenses. As the cost of living rises, so do rental prices and property values.

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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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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. By understanding the pros and cons of each property type, youll feel confident making a decision that aligns with your goals. What is a condo and how does it work? is about $300.

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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

Water damage is a common and potentially costly issue that tenants and renters need to be proactive about preventing in their rental properties. Understanding these terms will not only help you comply with the agreement but also demonstrate your commitment to maintaining the property.

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MRI Software

DECEMBER 9, 2024

From residential rentals to expansive industrial properties, real estate gives you ample opportunities to build a diversified and resilient portfolio. Unlike stocks, real estate can generate income through both rental yields and property appreciation, offering a mix of stability and growth potential.

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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. ” This result is a reminder of how important preventative maintenance and comprehensive reserve studies are to an HOA’s success.

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Florida Property Management

FEBRUARY 9, 2024

Landlords may find it unprofitable to maintain or invest in rental properties, leading to a decrease in the quality and quantity of available housing. Disincentive to Investment: Another critical issue with rent control is its adverse impact on property investment.

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Mem Property Management

JULY 24, 2024

There is also the question of maintenance and who should pay for them. One option is to include the maintenance costs in the computation of HOA dues. The obvious alternative is to only charge the cost of maintenance to homeowners that use the charging station. These providers usually take care of maintenance issues and expenses.

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Real Property Management Choice

MAY 23, 2024

This touches some key parts of your rental experience, including how much you charge in rent and how you remove tenants from your property. There’s a lot to cover, and protocols require your attention whether your rental property is covered by this law or exempt from it. Is Your Rental Property Included in or Exempt from AB1482?

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Mem Property Management

SEPTEMBER 4, 2024

The documents below the line are more fluid and can clarify the property restrictions in the documents above them, but cannot contradict documents higher in the hierarchy. Do you have a basic, broad, or special form property policy (sometimes referred to as “all risk” coverage or “named peril” coverage), and what does that even mean?

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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

Administrative tasks, such as maintenance requests or payments, can be streamlined and automated when they are brought online. There are hosting fees and maintenance fees to consider in addition to the initial cost of the site Has the board spoken with an attorney about the website and what information should be gated?

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