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What is residential property management? Roles and responsibilities explained

MRI Software

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

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Unoccupied residential property insurance: Essential factors landlords should consider

MRI Software

Thats where unoccupied residential property insurance comes inits designed to protect your investment when your property isnt actively in use. This guide breaks down everything you need to know about unoccupied residential property insurance and how to choose the right policy. What is unoccupied property insurance?

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Scaling Up: Transitioning from Single-Family to Multi-Family Rentals

Real Property Management Chicago

Choose a Property Type Perhaps the first thing to understand about multi-family rental houses is that there are two main categories. Residential properties are multifamily structures with four or fewer units, while properties with more than four units are typically commercial properties.

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Landlord’s guide to residential insurance: Key elements for protecting your residential properties

MRI Software

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. If youre renting out a residential property, protecting your investment isnt just smartits essential. This type of insurance also covers accidental property damage caused by your rental.

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Three Thoughts when Financing

Homes Management

The below article from Realtor.com discusses three basic things you should know when looking into financing a home. link] Homes Management is a fully licensed/insured California Real Estate Brokerage providing property management services to the Escondido/San Marcos area since 1978. Hello and thank you for checking out our website.

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New 2025 condo and HOA laws for U.S. states

Condo Control

If there are insufficient funds in the reserve to cover the cost of repairs, the bill authorizes an association to obtain competitive financing to commence repairs or replacements without a vote, and to levy an emergency assessment to repay the loan if certain conditions are met.

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Is multifamily considered residential or commercial?

MRI Software

Despite their primary function as residential spaces, multifamily properties are classified as either residential or commercial based on specific criteria. In this comprehensive guide, we examine the factors that determine their classification as residential or commercial.