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Run better HOA board meetings: Tips and tools for association managers

Buildium

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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1099 forms for property management: Everything you need to know (2024 update)

Buildium

If the rental property owner is established as a corporation, you do not need to file a 1099-MISC form for payments made to that company. You’ll still need to file a 1099-MISC if the property owner is a limited liability company, or LLC, however. Again, this exemption does not apply to LLCs.

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Understanding HOA finances: A practical guide for association managers

Buildium

The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. Insurance and Legal Fees When it comes to insurance, your association’s governing documents likely outline the required policies and minimum coverage limits.

Finance 245
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Property management trends: What to prepare for in 2025

Condo Control

Top goals for 2025 If you care for a governed community, the chances are high that these things are ranked high on your list of goals. #1. Residents Modest portfolio growth Most property management businesses plan to expand their portfolios in the next two years. Efficiency #3. Listen to concerns and answer questions.

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Navigating the Landscape: Discover Multifamily Property for Sale with Expert Insights

American Apartment Owners Association

Financing Options Explore diverse financing avenues, including insights on how to buy a multifamily property with no money down, to kickstart your investment journey. Evaluate traditional financing methods, government-backed loans, and private lending options.

Property 130
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Investing in affordable multifamily housing: Key benefits and risks to consider

MRI Software

On top of that, some local governments offer property tax reductions or grants to encourage affordable housing development. For example, if you choose to participate in Section 8 , you may also benefit from rent subsidies paid directly by the government. This is where property management tools come in handy.

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Roles and responsibilities of condo boards vs. property managers: Key differences

MRI Software

The world of multifamily property management can be challenging without understanding the responsibilities of a condo board vs property manager. households living in communities governed by condo associations, their efficiency directly impacts resident satisfaction and property value​. With over 70% of U.S.