Remove Contractors Remove Finance Remove License
article thumbnail

How to Handle a Bad Contractor

SparkRental

The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.

article thumbnail

5 ways for high rise condominiums to save money in 2025

Condo Control

This includes things like: professional/management fees legal fees permits and taxes office rent office equipment and supplies accounting fees licenses bank or loan fees events Depending on the type of community you manage, annual administrative costs can easily add up to $5,500 per unit, or $1.65 million for a 300-unit building.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Building Your Colorado Springs Dream Team: Essential Professionals for Investors

Muldoon Associates

Building a robust network of contacts, including fellow investors, real estate agents, financial advisors, and contractors, can provide numerous advantages. Their network of contacts further facilitates connections with other professionals, such as lenders, inspectors, and contractors, enriching your investment ecosystem.

article thumbnail

Geoarbitrage Real Estate Investing: How Living Abroad Can Supercharge Your Wealth

SparkRental

Always consult a licensed real estate consultant and/or financial advisor about your investment decisions. This blend of earning in a strong currency while living in a lower-cost country is known as currency arbitrage, and it can be a game changer for both personal finances and investment strategies.

article thumbnail

Exploring the Roles: Can a Realtor Be a Property Manager?

Property Management Inc.

To operate legally, realtors must hold a valid real estate license. Licensing requirements for property managers vary by state. Some states require a property management license, while others may only require a real estate broker's license. They may need additional certifications, depending on the state.

article thumbnail

HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

Replacing an HVAC system prematurely can significantly impact a rental property owner’s finances and long-term ROI. HVAC Preventative Maintenance Checklist When you’re scheduling a contractor to go out and service your property, it’s important to determine the scope of the service beforehand.

article thumbnail

Is It Easy to Start a Property Management Company?

Real Property Management California Coast

Forecasting your finances is a crucial part of your business plan. Next, licenses and permits: Ensure you obtain all licenses and permits needed in your jurisdiction for property management. It is essential to cultivate relationships with real estate investors, bankers, contractors, and other key participants in the market.