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California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

Signed into law in September 2024, California Assembly Bill 2622 (AB 2622) introduces updates to the Contractors State License Law that directly benefit property owners and renters. AB 2622 raises the dollar threshold for contracting work that does not require a licensed contractor. Benefits of AB 2622 for Landlords and Homeowners 1.

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Effective asset management property maintenance: Strategies for property managers

Buildium

Additionally, property managers should work to build long-term relationships with reliable contractors and service providers, negotiate favorable contracts, and carefully manage maintenance costs. Minimizing legal risks requires maintaining proper documentation, conducting regular inspections, and staying updated on relevant regulations.

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HOA Collection Laws In The U.S. (50 States) For Fair Debt Collection

HOA Managememt

However, some provisions may be found in state regulations. More specifically, Arizona Revised Statutes (ARS) Title 33, Chapter 16, including ARS 33-1807 and ARS 33-1808, regulates debt collection. It applies mainly to third-party collectors, and HOAs may be affected if they hire such contractors. This law mirrors the FDCPA.

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Maximize your rental business with small landlord property management software

Buildium

Property management software typically includes features for tracking maintenance requests, scheduling repairs, and managing contractors. Legal Compliance The legal landscape for rental properties is complex, with various regulations to adhere to. This helps you spot and fix issues quickly.

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Professional Property Management: How It Works and How It Can Benefit You

Real Property Management Chicago

The property manager is then responsible for coordinating with contractors, scheduling repairs, and ensuring that the work is completed promptly. – Lower repair and maintenance costs: A property manager will have a network of trusted contractors they work with regularly. Do you keep a single-family rental property?

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What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

Make Use of Reliable Vendors: Engage in business with contractors who are dependable and economical. When it comes to property rules and regulations, navigating the complicated environment can be a hard endeavor. Does your property management team adequately screen potential tenants?

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Top 10 property management tax deductions for 2025

Buildium

Under IRS regulations, any personal property you buy for your business that costs less than $200 is deductible as materials and supplies. When you hire an independent contractor to perform services for your business, the cost is deductible, as well. Property management tax deductions can really add up.