Associations, Payments, Q&A, Renters, Residents
Condominium and Homeowner Associations are never anxious to take on properties abandoned by owners. Yet with the mortgage crisis many properties were left vacant for years. In the interim, unpaid assessments continued to accrue and the properties were ripe for...
Associations, Budget, Community, Meetings, Payments
Q: What must be done with a condominium association’s operating surplus at the end of the year? Is it true that it must be returned to the owners in the form of payment or a credit to next year’s budget or assessment? (J.S. via e-mail) A: Condominium...
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...
Community Manager, Payments, Property Managers
Once you see the light and begin processing payments with an online payment provider, you start to realize that receiving less physical checks and money orders means less manual work for you and your staff. You wonder how you can get more tenants or homeowners to...
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...
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,...
