Contractors Government Maintenance 
Buildium
NOVEMBER 5, 2024
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. You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business.
Buildium
JANUARY 6, 2025
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 includes everything from budget approvals and maintenance projects to resolving disputes and planning community events.
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Condo Control
FEBRUARY 14, 2025
In order to avoid angering residents by issuing hefty special assessments or maintenance fee increases, boards and managers are doing what they can to offset the high cost of maintaining a condo. Condominium corporations participate in a formal tendering process to acquire goods or services from third-party suppliers or contractors.
Condo Control
MARCH 6, 2025
Forecast maintenance issues to reduce maintenance expenses One property management company estimates that 15% of common element fees are used to cover cleaning services, and maintenance contracts, while another 5% is used for minor repairs and miscellaneous maintenance not included in the reserve fund budget.
Muldoon Associates
NOVEMBER 7, 2024
Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. The worst mistake you can make as a rental property owner, however, is delaying or ignoring maintenance needs. Be responsive.
MRI Software
APRIL 23, 2024
The people that set foot on your property generate data points, also – badge data for employees, visitors, contractors, footfall analytics – the list goes on and on. A recent study conducted by IDC found that employees spend 30% of their time searching for, governing, and preparing data. What is a data governance plan?
MRI Software
SEPTEMBER 30, 2024
households living in communities governed by condo associations, their efficiency directly impacts resident satisfaction and property value​. Their responsibilities include maintenance, tenant relations, and financial management. The board is also responsible for hiring and managing external contractors for maintenance and repairs.
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