Buildium

FEBRUARY 10, 2025

Additionally, property managers should work to build long-term relationships with reliable contractors and service providers, negotiate favorable contracts, and carefully manage maintenance costs. Common legal challenges include tenant complaints, non-compliance fines, and insurance liabilities.

Property Maintenance 130

Property Maintenance Maintenance Property Management Property Manager 130

SparkRental

NOVEMBER 28, 2024

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.

Contractors 52

Contractors License Real Estate Insurance 52

Beach Front Property Management

JANUARY 15, 2025

Steps for Post-Fire Recovery of Properties Post-fire recovery for properties involves several key steps to ensure that both the physical damage and insurance claims are handled properly. Confirm the adjusters name with your insurance company before their visit. Reach out to a contractor for an additional estimate to ensure accuracy.

Insurance 147

Insurance Property Attorney Transportation 147

Mem Property Management

JULY 29, 2024

Different skill sets are required based on the area of need, so it’s important to be mindful of the contractor you use to get the job done. Let’s go over the top factors to consider when hiring a contractor to work on your HOA. Always be sure the work being done is performed by a company that is licensed and insured.

Contractors 52

Contractors License Insurance Maintenance 52

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. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes.

Property Management 227

Property Management Property Manager Management Electronics 227

Fourandhalf

DECEMBER 19, 2024

Are they in a database for licensing and insurance? These might be insurance claims or capital improvements. It may have to do with contractor overhead, or it could be the market conditions or the bidding strategy. Insurance costs are going up, for example. Are they in a database for licensing and insurance?

Property Management 255

Property Management Property Manager Management Property 255

Florida Property Management

NOVEMBER 20, 2020

Smart investors know that screening the maintenance contractors who work on your property is almost as important as screening the tenants who live there. At Florida Property Management Services , we have the benefit of working with some of the best local vendors and contractors. Don’t take chances. Building Maintenance Relationships

Contractors 52

Contractors Maintenance Rental Property Insurance 52

BiggerPockets

DECEMBER 6, 2024

Unfortunately, scams are becoming increasingly sophisticated, and property owners are often targeted by fraudulent contractors, fake insurance policies, and deceptive property transactions. Recognizing warning signs can help you avoid falling […]

Real Estate 78

Real Estate Contractors Insurance Property 78

Buildium

OCTOBER 28, 2024

For instance, the majority of rental owners want their property management companies to handle payments electronically , and renters prefer to complete most processes on their smartphone, with the exception of applying for rentals and signing up for renters insurance.

Property Management 246

Property Management Property Manager Management Property 246

Buildium

DECEMBER 4, 2024

Then when disaster strikes, you have repair funds ready (keep in mind that insurance may cover some emergency damages). #3: This means scheduling regular inspections for HVAC, plumbing, electrical, and other systems and building strong relationships with local contractors. That’s why it’s important to find the right balance.

Property Maintenance 245

Property Maintenance Maintenance Rental Property Property 245

Florida Property Management

DECEMBER 27, 2019

You’ll need to establish relationships with vendors and contractors before you need them so you can count on reliable and cost-effective service. Work with Licensed and Insured Professionals It’s tempting to hire your Uncle Joe to fix a sink or to pick up a guy you met at the Home Depot who says he knows how to paint houses.

License 52

License Insurance Rental Property Contractors 52

MRI Software

DECEMBER 16, 2024

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. What is landlord residential insurance?

Residential Property 52

Residential Property Insurance Property Landlord 52

InveServe

MARCH 3, 2025

What are all the recurring operating expenses (property taxes Proposition 13 considerations, insurance earthquake coverage is essential, utilities, maintenance, management fees)? has a network of trusted contractors.) What are the projected rental increases I can realistically expect in this rent-controlled environment?

Regulation 52

Regulation Lease Agreement Insurance Property Management 52

Real Property Management Enterprises

NOVEMBER 22, 2024

Update Your Insurance Coverage One of the best ways to protect your rental property in a crisis is to have adequate insurance. At least each year, you need to review your insurance coverage to guarantee it involves any property updates or changes.

Rental Property 93

Rental Property Management Insurance Property 93

T&H Realty

FEBRUARY 10, 2025

Insurance Costs: The cost of insuring rental properties has skyrocketed, with some owners experiencing premium hikes of 20-25%. Additionally, cost-saving measures such as preventative maintenance, bulk contractor discounts, and energy-efficient upgrades can lower expenses in the long run.

Single-Family Home 52

Single-Family Home Insurance Finance Rent 52

Condo Control

FEBRUARY 14, 2025

5 ways condominiums can save money Reduce administrative costs Hire companies that offer value Experiment with AI Improve energy efficiencies Consolidate subscriptions/services Depending on where you live, your community may also be struggling with insurance fees, legal requirements, or labor shortages.

Condominium 130

Condominium Contractors Government Management 130

Muldoon Associates

DECEMBER 5, 2024

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.

Contractors 96

Contractors Real Estate Attorney Property Management 96

Real Property Management Chicago

MARCH 3, 2023

You Don’t Enjoy Dealing with People: As a rental property owner, you must deal with renters, neighbors, real estate agents, contractors, and plenty of others. You Don’t Like Dealing with Paperwork: Rental properties necessitate a lot of paperwork, such as rental agreements, applications, insurance contracts, etc.

Real Estate 130

Real Estate Rental Property Contractors Property Management 130

Esquire Property Management Group

FEBRUARY 13, 2025

The vast majority of commercial real estate brokers will agree that a triple net lease is a real property lease in which the tenant is responsible for all expenditures, including the maintenance of common areas, taxes, property insurance, and utilities, in addition to the base rent.

Lease 64

Lease Landlord Real Estate Tenant 64

Beach Front Property Management

OCTOBER 23, 2024

However, this approach comes with responsibilities like finding residents , collecting rent, maintaining the property, and covering costs such as taxes, insurance, and repairs. As you gain experience and build a network of reliable contractors, the process is easier with each new house.

Real Estate 130

Real Estate Rent Contractors Property Management 130

California Leasing & Management

FEBRUARY 10, 2025

Trusted Vendor Network Quality Repairs at Competitive Prices Weve built strong relationships with licensed, insured, and highly-rated contractors in Santa Clarita and the San Fernando Valley. Instead of calling you in the middle of the night, they submit repair requests directly to us , and we handle the rest.

Maintenance 52

Maintenance Lease Property Management Property Manager 52

Real Property Management Chicago

FEBRUARY 3, 2023

It’s also significant to gather as much information as possible about the property’s insurance and liens and to allocate any belongings in the house to the individuals designated in the will. Throughout this process, the executor may be required to address any taxes and fees associated with inheriting a property.

Real Estate 130

Real Estate Property Management Property Manager Rent 130

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. Inadequate Insurance Coverage Investors in real estate understand how important it is to protect their assets. That starts with good insurance.

Lease Agreement 98

Lease Agreement Property Property Management Property Manager 98

Condo Control

DECEMBER 9, 2024

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. Below is information about the revised chargebacks. (1)

Condominium 130

Condominium Regulation Applications Applicants 130

American Apartment Owners Association

DECEMBER 12, 2024

Calculate the monthly mortgage payments youll need to cover during the renovation period, and factor in the cost of utilities and insurance while you own the property. Ensure that you hire reliable contractors with a track record of completing projects on time and within budget.

Real Estate 130

Real Estate Finance Insurance Property 130

American Apartment Owners Association

NOVEMBER 25, 2024

Use these tools to evaluate whether a multifamily deal makes sense: Cash flow analysis: Calculate monthly income minus expenses (mortgage, insurance, maintenance) to ensure positive cash flow. Make any necessary repairs: If the property needs work, hire contractors or handyman services to fix it up.

Real Estate 130

Real Estate Finance Rental Income Single-Family Home 130

American Apartment Owners Association

JANUARY 9, 2025

Rental business owners frequently keep tight budgets, balancing operating expenses like insurance and utilities with unexpected repairs and even long-term capital investments. Its 2025, and many business owners are kicking off the new year by reviewing their budgets.

Property Management Software 130

Property Management Software Property Management Property Manager Management 130

American Apartment Owners Association

JANUARY 9, 2025

Rental business owners frequently keep tight budgets, balancing operating expenses like insurance and utilities with unexpected repairs and even long-term capital investments. Its 2025, and many business owners are kicking off the new year by reviewing their budgets.

Property Management Software 130

Property Management Software Property Management Property Manager Management 130

Rental Housing Journal

NOVEMBER 20, 2024

There are minimal rent control regulations and pretty relaxed landlord laws, plus homeowners insurance costs are well below the average,” Nally added. “A Surrounding yourself with the right team — real estate agents, mortgage brokers, property managers and contractors — makes all the difference,” he said.

Landlord 52

Landlord Broker Real Estate Insurance 52

Florida Property Management

AUGUST 23, 2016

Property Management Fort Lauderdale: Corrective Maintenance For corrective maintenance, an investor needs a list of qualified, licensed, and insured contractors to take care of any maintenance or issues at the property. It’s important to have access to those contractors right away, especially in emergency situations.

Maintenance 52

Maintenance Property Management Property Manager Property Maintenance 52

T&H Realty

DECEMBER 2, 2024

Insurance Issues: Non-compliance could affect property insurance claims or premiums. Hire Professionals for Repairs For installation or repairs, use licensed contractors familiar with local building codes. Legal Liability: Tenants injured due to inadequate or absent handrails may file lawsuits for negligence.

Landlord 59

Landlord Compliance Insurance Contractors 59

Mem Property Management

JANUARY 6, 2025

If thats the case, call 911 right away, as this is more efficient than contacting an association contractor. WHEN IS CONDO INSURANCE INVOLVED? In terms of insurance, it really is a case-to-case basis. The amount of damage whether to the unit or to common elements may be below the associations insurance deductible.

IT 52

IT Condominium Insurance Government 52

Second Nature

OCTOBER 1, 2024

PMCs are delivering resident benefits like credit reporting, renter’s insurance programs, pet guarantees, and more. One of the best ways to offer value without overextending your team is to outsource some of those PM services to PropTech products, contractors, or a fully managed solution. Maintenance and repair.

Property Management 52

Property Management Property Manager Management Property Management Services 52

Authority Property Management

SEPTEMBER 13, 2024

Importantly, these services can be performed by the landlord or by hired agents , employees, or independent contractors. For example, properties rented under a triple net lease, where the tenant is responsible for property taxes, insurance, and maintenance, do not qualify.

Landlord 81

Landlord Rental Income Contractors Rent 81

Authority Property Management

OCTOBER 3, 2016

EMPLOYEES OR CONTRACTORS – whenever you hire someone to do services on your rental property, whether it is managing the property, fixing a repair, or landscaping services, you are able to deduct those from your taxes. This can include insurance for fires, flooding, or theft.

Landlord 52

Landlord Insurance Rental Property Attorney 52

Property Management Inc.

NOVEMBER 26, 2024

If you gain approval, then you can move on to the next one which is finding the right contractors. Typically, it’s required that they be licensed and insured. In fact, your HOA may have a list of recommended contractors. You’ll need to find out if your HOA requires this or not.

Contractors 52

Contractors Regulation License Consulting 52

Property Management Inc.

NOVEMBER 26, 2024

They created a task force “comprising attorneys, reserve specialists, engineers, insurance providers, managers, and bankers, to determine what issues are the most prevalent in failing physical components, and—especially—how associations can prepare themselves to address and resolve these issues when they inevitably arise.”

Contractors 52

Contractors Engineering Maintenance Condominium 52