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Effective asset management property maintenance: Strategies for property managers

Buildium

Asset Management Property Maintenance vs. General Property Management Maintenance Asset management property maintenance focuses on the long-term sustainability and value enhancement of properties. Introducing software and other technology can also optimize maintenance management.

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Best Property Management Software for 2025

American Apartment Owners Association

O pt im ize s Lease Management: Property management software allows digital storage of leases and related documents. Im pr o ve s Communica tio n : Centralized messaging keeps landlords, tenants, employees, and contractors aligned. Track ongoing repairs and communicate with Connect with local contractors.

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How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

It requires an understanding of the tax code, meticulous planning, and ongoing commitment to documentation. The 750-Hour Rule: You must spend at least 750 hours during the year actively working in real property trades or businesses where you materially participate. Navigating the path to REPS isnt always straightforward.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds. Property managers are required to request a W-9 from and issue a 1099-MISC form to each owner, attorney, and contractor they work with, so long as payments meet or exceed the $600 threshold.

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How to Obtain “Real Estate Professional Status”: A Major Tax-Saving Opportunity

American Apartment Owners Association

It requires an understanding of the tax code, meticulous planning, and ongoing commitment to documentation. The 750-Hour Rule: You must spend at least 750 hours during the year actively working in real property trades or businesses where you materially participate. Navigating the path to REPS isnt always straightforward.

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Bill 30 could make condo living easier in Alberta

Condo Control

Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act.

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How can high-rise condos use AI to make things easier?

Condo Control

One of the many tricks that STAN AI can perform is document scanning. Upload governing documents, and STAN can analyze them in a matter of seconds. Condo Control also allows staff and residents to easily find information in its document database. This tool can even analyze PDFs and documents that have been scanned.