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Multifamily property lease audits: Best practices for landlords

MRI Software

Lease audits play a crucial role in ensuring accuracy and efficiency in multifamily property management. They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. What is the purpose of lease audits?

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

Buildium

You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business. 1099 Requirements for Property Owners If you own the property you are managing (a private landlord), you do not need to file a 1099 for any work related to that property.

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California Preparing for Move-In, Move-Out Documentation Law

Rental Housing Journal

California is preparing for new move-in, move-out documentation law that requires landlords take photos of rental units before and after a tenant moves in. Digital photography and storage through property management software could help.

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Commercial Tenant Risk Mitigation, Insurance, Tracking, and Best Practices

Esquire Property Management Group

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective. Typically, landlords mandate tenants to maintain various forms of insurance coverage as a prerequisite or addendum to commercial lease agreements.