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Laurie Mega
| 8 min. read
5 housing regulations for 2020: What property managers need to know
Now that New Year’s Eve has come and gone, we find ourselves in a whole new decade that presents property managers with an ever-growing amount of complex regulations to grasp and navigate. In 2020, we’ll surely see a...
Emily Long
| 3 min. read
Tenant safety: What’s required of property managers by law?
Property managers and landlords have a general duty to make their rentals safe for tenants. However, what you are legally responsible for depends on state and local statutes, as well as applicable building, housing, and health codes. Most...
Amanda Maher
| 9 min. read
Understanding tenant estoppel certificates in residential real estate: Frequently asked questions
Say that you’re the owner of a 100,000 square foot retail center. You decide that you want to refinance the property. As you shop around for financing, you show your lender copies of the rent roll that notes...
Amanda Maher
| 7 min. read
NYC management company facing blowback after demanding residents prove U.S. citizenship
Can you ask tenants if they’re U.S. citizens? On June 12, residents living in an apartment building at the corner of 42nd Avenue and Junction Boulevard in Queens, NY came home to the following notice posted on their...
Jason Van Steenwyk
| 9 min. read
Fire insurance 101: What landlords & property managers need to know
Fire insurance is critical—but it’s also dangerously easy to neglect. Residential fires are as costly as they are common. In 2015, a structure fire occurred every 63 seconds. 500,000 structure fires occur every year, and the vast majority—77%...
Amanda Maher
| 6 min. read
What to expect if your tenant files for bankruptcy
One of a landlord’s biggest worries is having a tenant who stops paying rent. When that happens, if the tenant doesn’t voluntarily move out, a landlord usually has to go through the eviction process to reclaim possession of...
Jason Van Steenwyk
| 6 min. read
Why standard terrorism risk insurance may not be enough
If you own or are considering buying an apartment building or multi-family structure of any size, chances are that you’ll need to buy terrorism risk insurance. Standard individual homeowners and auto insurance policies don’t contain terrorism exclusions, but...
Amanda Maher
| 7 min. read
Benign lease provisions lead to 6-year battle, $1M class-action lawsuit against Iowa City landlord
“Tenants are responsible for the cost of all damages/repairs to windows, screens, doors, carpet, and walls, regardless of whether such damage is caused by residents, guests, or others.” At the outset, this seems like very standard lease language....
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Daniel Craig
| 5 min. read
The PM forecasting mindset
No one can deny that 2020 has been a year of change, and as entrepreneurs, agility is what we thrive on. With every new obstacle has come new opportunities—and this year has been filled to the brim with...
Laurie Mega
| 8 min. read
How to run flawless, virtual HOA board meetings: Tips from a pro
Since the beginning of lockdown, property managers have had to come up with innovative ways to keep their residents safe while still providing the best service possible. One big change has been the way they run virtual HOA...
Amanda Maher
| 5 min. read
How does a 1031 exchange work? What property managers should know
Established real estate investors and property managers are likely already familiar with 1031 exchanges. The concept itself is simple: Reinvest the proceeds from the sale of a business or investment property into a like-kind investment in order to...
Tony Maiella
| 35 min. read
Forecasting 2020, Planning 2021 [Interview]
Knowing where you stand and forecasting the future: These are both simple ideas in business, but trickier than ever these days for property management companies. In order to do both, sound accounting practices and a simple forecasting framework...
Tony Maiella
| 13 min. read
The ins and outs of HOA reserve fund accounting
If you talk to an association and ask them about their hoa reserve fund accounting, you may hear some pretty unfortunate stories that happened before you arrived; reserve funds that were too low to cover repairs, treasurers who...
Laurie Mega
| 14 min. read
Property maintenance services: Everything you need to know from trends to seasonal checklists
Property maintenance services are a big part of what you do as a property management firm. Done right, regular property maintenance does more than just keep up the place. It provides value and safety for both your residents...
Tony Maiella
| 28 min. read
First 90 Days with Buildium: Essential Property Management
“Hitting the ground running” sometimes isn’t fast enough in property management. These days, property managers are sprinting as they have overhauled their businesses and adapted to the COVID-19 crisis. That’s particularly why it was so rewarding to talk...
Deb Newell
| 5 min. read
Why change up your business model now?: A property management consultant’s perspective
How many times have you heard that this is now your “new normal?” How many times have you pondered what COVID-19 will mean for the long term of your business? It’s no secret that your world—our industry—has changed...

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