If there’s one type of document in property management that simply has to reviewed (and updated) on a regular basis, it’s your lease agreements. This  is, after all, the document that will ultimately determine your rights and protect...
Do you think your day was stressful? Let’s stop for a moment to consider those extreme situations some property managers find themselves in. It’s often hard to personalize truly disastrous situations but when you think about it, there were...
Most landlords will agree that a vacant unit ranks right up there as one of their least favorite things. The bottom line is simple: A vacant unit is money down the drain. There are, of course, times of...
Juggling and staying on top of the frequently changing federal, state, and local laws that apply to rental housing is one of the trickiest tasks you’ll have to master as a property manager. At the top of the...
In previous blog posts we’ve discussed the pros and cons of renting to specific sectors, such as that requires specific consideration is tenants with children. First of all, be aware that in most states refusing to rent to...
It goes without saying that no landlord wants to see illegal activity occur on their premises. Unfortunately, this doesn’t mean that it never happens. No matter how mundane a tenant’s behavior may seem, as a landlord, it is...
As we’ve stressed several times throughout the course of this blog, here at Buildium we’re huge proponents of tenant screening. While some situations can’t be avoided and there’s always an exception to every rule, tenant screening is certainly...
Download our latest report, Opportunities for Property Managers in Renters’ Evolving Preferences, and get an exclusive look into the issues that matter most to single-family and multifamily renters.
No matter how meticulously you look after your property, there are certain long-term maintenance items and repairs that are inevitable. Sure, by staying on top of things you may be able to stave some of them off for a...
Managing architectural changes in an HOA or COA requires a lot of organization. Association boards need to ensure that any proposed changes meet safety guidelines and comply with the bylaws of the association. As an association manager, much...
The property management industry is highly fragmented. Some companies have only a few employees, some operate independently, and others have massive portfolios. No matter your business size or plans to scale, however, it’s important to stay on top...
When a resident moves into an HOA or community association, they agree to follow a certain set of rules created by the board of directors. Those rules can cover anything from noise restrictions to the types of flowers...
Well-organized HOA documents stand the test of time, enabling your board to make meaningful decisions with confidence, speed, and clarity. Knowing what documents you need and learning how to effectively manage them will prevent governing rules from becoming...
Download our latest report, Opportunities for Property Managers in Renters’ Evolving Preferences, and get an exclusive look into the issues that matter most to single-family and multifamily renters.
One of the most important accounting practices in any business is setting up and keeping a property management chart of accounts. As a property manager, your chart of accounts will help you keep tabs on every transaction for...
