HOA Managememt

OCTOBER 28, 2024

However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study. However, an HOA’s governing documents may require a reserve study.

Government 162

Government Condominium Maintenance IT 162

American Apartment Owners Association

DECEMBER 18, 2024

It requires an understanding of the tax code, meticulous planning, and ongoing commitment to documentation. Both of these criteria must be met, and the IRS requires solid documentation to back up your claim. Navigating the path to REPS isnt always straightforward. However, the effort is more than worth it.

Real Estate 244

Real Estate Single-Family Home Contractors Rental Property 244

Beach Front Property Management

JANUARY 15, 2025

Document Your Losses Thoroughly Begin by taking photos of the damage and listing items that were destroyed or need repairs. Note the original purchase prices for each item and collect any receipts you have to support your documentation. Here are the steps: 1. If the adjuster advises starting repairs, get the approval in writing.

Insurance 147

Insurance Property Attorney Transportation 147

Real Property Management Evertrust

NOVEMBER 7, 2024

Lease Documents Most single-family rental property owners require their tenants to handle snow removal. Comprehensive lease documents can help your tenant understand their snow removal responsibilities and can be an invaluable resource in the event of an issue.

Tenant 228

Tenant Landlord Property Management Property Manager 228

HOA Managememt

JANUARY 14, 2025

While mainly governed by your associations bylaws and governing documents, most states have legislation that provides HOA proxy voting rules. Unless banned by an HOAs governing documents, a member of the association can appoint a proxy on their behalf. Most indicate the requirements for a valid proxy vote and its limitations.

Government 130

Government Electronics Attorney Single-Family Home 130

Bay Property Management Group

NOVEMBER 27, 2024

Awareness of these bylaws and governing documents helps provide solid references when dealing with potential legal issues. That said, when board members fail to adhere to these documents, it can lead to legal disputes. Failing to Provide the Right Documentation There are several crucial documents that HOAs must have.

Government 130

Government Attorney Property Management Property Manager 130

Buildium

DECEMBER 4, 2024

Prioritize documentation: On top of scheduling regular inspections, carefully document findings and any repairs performed. If you’re ready to get a head start, Buildium’s work order management and analytics features make it easy to schedule inspections, document repairs, analyze performance data, and more—all in one place.

Property Maintenance 245

Property Maintenance Maintenance Rental Property Property 245

Appfolio

JANUARY 23, 2020

When all of your data and documentation is quickly accessible, organized, and accurate, tax season becomes much easier. From important tax documents to vendor information, robust software can automatically store and update all of your files year-round, so when tax season arrives you have everything at your fingertips.

Property Management Software 182

Property Management Software Electronics Property Management Property Manager 182

Buildium

DECEMBER 26, 2024

Document Preparation and Resale Disclosures Record processing, delivery, and retention of resale disclosures can be very time consuming. These documents are often lengthy and can take a while to be copiedor even faxedto each incoming resident or inquiring mortgage company.

Management 241

Management Insurance Maintenance Property Management 241

HOA Managememt

AUGUST 8, 2024

Specific duties can vary depending on state laws and the governing documents. The sale process usually requires the HOA to provide specific disclosure documents to mortgage lenders and potential buyers. These board members are community volunteers, meaning they serve their HOA without compensation. What Happens to an HOA With No Board?

Education 246

Education Government Management IT 246

ADDA

NOVEMBER 2, 2024

This document also includes the names and addresses of the founding members. This document typically includes guidelines for membership, responsibilities of residents, and operational procedures for meetings, decision-making, and financial management. MOA and Rules & Regulations : Draft documents for society operations.

Applications 130

Applications Applicants Regulation Finance 130

HOA Managememt

SEPTEMBER 12, 2024

This certification confirms that they have read the association’s governing documents, will uphold them, and will faithfully carry out their duties. These records must be kept for at least seven years unless the governing documents require a longer period. They must also complete a state-approved condominium education course.

Condominium 219

Condominium Education Electronics Government 219

American Apartment Owners Association

NOVEMBER 15, 2024

Documenting every conversation and action taken is critical, as it demonstrates that the property manager made an effort to accommodate the resident in a fair and reasonable way. Documentation helps protect the property from liability if a resident claims their request was unfairly denied.

Property Management 160

Property Management Property Manager Compliance Transportation 160

Condo Control

DECEMBER 17, 2024

More often than not, an HOA does not have the authority to enforce any parking or security rules over these streets (but there are exceptions where stipulations in governing documents grant an association limited power over publicly owned streets). It ensures that future legislative amendments automatically apply to those documents.

Government 130

Government Regulation Education IT 130

Fourandhalf

DECEMBER 31, 2024

Bidding and Documentation Documentation is always your friend, so document the bidding process. The problem is that over the last few years, RoDevia has noticed that documentation is all over the place. Its in emails. Its in a text. Its in a voicemail.

Property Management 231

Property Management Property Manager Management Property 231

ADDA

DECEMBER 8, 2024

Key Financial Documents to Focus On: Balance Sheets: Assess the society’s financial standing by evaluating assets, liabilities, and equity. Checklist for Verification: Match supporting documents like invoices and receipts to the recorded transactions. Recommend corrective measures in standard formats like O Forms.

Compliance 130

Compliance Management Apartment Maintenance 130

Genuine Property Management

MARCH 29, 2024

Under this legislation, landlords are now required to show documentation to support the reasons for the no-fault, just-cause eviction in order to terminate a tenancy. CA SB 567 is a new California law that significantly impacts landlords and tenants by changing the rules around no-fault, just-cause evictions.

Landlord 130

Landlord Property Management Property Manager Tenant 130

American Apartment Owners Association

DECEMBER 16, 2024

Document the Violation : Record details of the violation, including dates, times, and any supporting evidence, such as photos, emails, or witness statements. This document details the rule violated and allows the resident to resolve the issue. Collect supporting evidence to clarify the issue.

Lease 170

Lease Lease Agreement Attorney Maintenance 170

HOA Managememt

DECEMBER 31, 2024

Furthermore, this schedule must be in accordance with the governing documents as per Civil Code Section 5850. Duty to Enforce the Rules The HOA has a duty to enforce the governing documents of the association. For Deterrence Fines are designed to deter violations of the governing documents. The Liebler v.

IT 130

IT Government Regulation Condominium 130

American Apartment Owners Association

NOVEMBER 21, 2024

As a legal document, the application includes basic information as well as a series of specific questions that help you decide which applicants are a good fit for your property and which you should turn away. It will help landlords and property managers make informed decisions about who to rent to.

Applications 246

Applications Applicants Lease Agreement Landlord 246

ADDA

DECEMBER 1, 2024

If you find any issues, document them and inform your landlord immediately. Keep copies of the lease and any other important documents. Prepare an essentials box with items like toiletries, a change of clothes, and important documents. Through its platform, residents can schedule their move-in, upload necessary documents.

Apartment 130

Apartment Utilities Lease Agreement Lease 130

Rental Housing Journal

DECEMBER 15, 2024

Multifamily applicant fraud is becoming a widespread challenge for the industry as fraudsters become more inventive, according to the State of Applicant Fraud Report from Snappt , an AI document-fraud-detection company for multifamily property managers. These tactics come at a time of high housing demand and the climbing rate of rental costs.

Applications 98

Applications Applicants Property Management Property Manager 98

Real Property Management Chicago

APRIL 1, 2022

Convenient and Well-Documented Another relevant thing to take into account in preparation for determining a rent collection method is whether it correlates with two key criteria: convenience and the ability to document each transaction.

Rent 130

Rent Tenant Electronics Property Management 130

American Apartment Owners Association

DECEMBER 9, 2024

This could include photos, videos, witness statements, police reports, or any other documentation that supports your case. Sending eviction warning notices and filing court documents sends a strong, clear message that you uphold the lease agreement and will defend it assertively. That said, evictions can be costly and time-consuming.

Tenant 220

Tenant Lease Landlord Lease Agreement 220

Real Property Management Evertrust

DECEMBER 6, 2024

Though features vary, most platforms enable automated reminders, maintenance tracking, and work documentation for each property. Creating checklists is essential, but property management software can make following through on them far simpler. Engaging Tenants in the Maintenance Process.

Maintenance 246

Maintenance Property Property Management Property Manager 246

Real Property Management Chicago

SEPTEMBER 10, 2021

On a computer, you can organize files and documents by date, alphabetically, chronologically, or other similar methods. Invest in Storage Even those who work online still need to keep a few important documents and papers in the office. You will also need a shredder to destroy any documents you don’t plan to keep.

Property Management 130

Property Management Property Manager Management IT 130

HOA Managememt

AUGUST 8, 2024

Since almost everyone can access a website through a computer or smartphone, it is considered a fair and accessible channel for sharing governing documents, reports, notices, and information that will enable members to make informed decisions. Websites help promote transparency within governed communities.

Government 130

Government Engineering IT Tenant 130

Bay Property Management Group

DECEMBER 8, 2024

Proper documentation and communication are essential in all cases. In such cases, ensure that the agreement is documented through a signed lease cancellation form. Document the destruction by taking photos, videos, and repair estimates, which are crucial evidence if the matter escalates.

Lease 130

Lease Lease Agreement Landlord Tenant 130

Condo Control

NOVEMBER 12, 2024

As of now, the Corporate Transparency Act applies to corporations, limited liability companies, and other similar entities created by the filing of a document with a secretary of state. Who is expected to file a report? There are 23 categories exempt from filing , but currently, most condo and HOA communities are not part of the exemption.

Government 233

Government License Condominium Electronics 233

Buildium

NOVEMBER 5, 2024

You can obtain an original Form 1096, 1099 forms and any other official tax documents (photocopies won’t work) from the IRS directly through their website. 1099-MISC and 1099-NEC Filing Options for Property Managers You have several options when filing 1099 forms.

Property Management 227

Property Management Property Manager Management Property Management Software 227

Appfolio

MAY 4, 2020

When cross-training your team it’s important to reliably control who has access to sensitive business data and documents, especially when your entire business is working remotely. Manage Roles & Security. For example, your leasing agents might need to view different data than your maintenance technicians.

Property Management 179

Property Management Property Manager Lease Management 179

Real Property Management Chicago

JUNE 18, 2021

Instead, it’s essential to carefully document the situation and know your legal basis for eviction before making your case to the appropriate local courts. Instead, in the event you have a tenant who refuses to move out, you should document the situation and file a petition with the local court.

Tenant 130

Tenant Lease Rental Property Property Management 130

BiggerPockets

SEPTEMBER 11, 2024

Learn how to avoid common team-building pitfalls with tips on improving communication, documenting processes, fostering leadership, and inspiring collaboration.

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Authority Property Management

NOVEMBER 22, 2024

Expanded Documentation Options In the past, landlords could ask for pretty specific documentation to verify a lock-change request. SB 1051 simplifies things by expanding what’s considered “acceptable documentation.” The goal is to make sure all occupants feel safe under the same roof.

Landlord 105

Landlord Tenant Lease Compliance 105

Updater

DECEMBER 16, 2024

This technology allows for efficient document collection, utility setup, and communication between the leasing team and new residents. With the use of Updater Pro | Onboarding, a move management technology, the Vantage team ensures a smooth transition for residents.

Utilities 100

Utilities Lease Management Property Management 100

BiggerPockets

FEBRUARY 7, 2024

But going the cheap route on your lease documents might actually cost you more than getting it right from the start. A free lease template on a subreddit somewhere sounds like an appealing, low-cost option. Here's how to do that.

Lease 92

Lease IT Landlord Property Management 92

American Apartment Owners Association

SEPTEMBER 16, 2024

Last but not least, make sure to document all negotiations in writing, either as part of the lease or as an addendum. Keeping this documentation will do you well in the long run, especially if there are more disputes regarding rent prices down the line.

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Lease Rent Landlord Rental Income 231