The All-In-One or Best-of-Breed Dilemma: Which Technology is Best for Your Property Management Company?

Associations, Budget, Community Manager, Payments, Property Managers, Renters

In the property management industry, there is a technology to solve almost every problem.  From paying rent online to managing packages, the industry is bursting with solutions that tackle all the tedious aspects of being a property manager. But first, you have to...

Let Them Pay For Their Own Long Hot Showers: How Property Manager’s are Lowering Their Property’s Utility Expenses

Associations, Budget, Communication, Payments, Property Managers, Renters

Do you include utilities in your rent? Whether you do or you don’t, the million dollar question is why? Why not include it? The answer is rent growth. To elaborate, operators are realizing that with rapid rent growth comes a growth in supply. However, coupled with...

Infographic: Fun Facts about Recouping Rent, HOA Dues and Utilities

Associations, Budget, Payments, Property Managers, Renters

We’re so excited about the upcoming release of our annual Market Survey, that we couldn’t keep quiet about the results. This year, 1,300 HOA, multifamily and single family firms participated in our survey, answering questions about resident payments, utility billing,...

Utility Meters 101: How Your Property Management Company Can Recoup Utility Expenses

Budget, Community Manager, Payments, Property Managers, Renters

One of the top questions a prospective resident wants to know when they are interested in your property is, “Will I have to put any utilities in my name?” The answer is largely determined by how your property is metered, and ultimately, how you can recoup those...

Condominium Association Must Repair Air Conditioning Lightning Damage

Associations, Board of Directors, Budget, Communication, Community, Community Manager, Property Managers, Q&A, Residents

Question: Recently, the outdoor air conditioning unit servicing my condominium unit was struck by lightning. I turned the claim into my insurance policy. My insurance carrier denied the claim stating that it does not insure the air conditioning unit, and that the air...

HOA Reserve Accounts: What Are You Missing?

Board of Directors, Budget, Community, Residents

Maintenance, repair and upgrade of the common areas of a community can be costly, and reserve accounts can be a great planning tool for large projects. In 2007, Section 720.303(6) of the Florida Statutes was added to the Florida HOA Act establishing procedures and...