When a condo or HOA unit burns down, is hit by a vicious windstorm, or anything else occurs resulting in a covered insurance loss, there are obviously some expenses to consider. One of them is the price of a new building or condo unit that meets updated building code requirements. Although older buildings can be […]
If you own a multifamily building, there are a number of things to worry about, ranging from finding tenants to collecting rent on time. Duties like caring for the building, performing routine maintenance, and making sure that all of the utilities are running properly are also items on your list. Dealing with flood damage? That’s […]
The holidays are filled with everything that’s “merry and bright” as the saying goes, but there’s always trouble around the corner in the form of holiday package theft. Whether you have a locked room near your complex’s office to hold the packages or allow mail carriers to leave them in the lobbies of buildings, you […]
The holiday season is known for two things: people going out of town and colder weather. What do they have in common? Frozen pipes. When tenants are away for the holidays, they tend to leave their heat turned low or off altogether. This, combined with an absence of people turning the water on and a […]
Owning an apartment building comes with risks, and having something disastrous happen to your property is one of them. While you have insurance in place in order to get the building rebuilt, restored, and ready for residence again, your tenants need somewhere to live in the interim. This is where renters insurance comes into play. […]
Apartment complexes come with their own sets of issues. Yes, they are a good addition to your real estate portfolio, but they also require a lot of work, diligence, and care. You need to manage the teams that find renters and process information, those that clean and maintain the premises, and more. And on top […]
Joining an HOA, also known as a homeowner’s association, is exciting. You get to participate in creating bylaws and ensuring that the residents follow them. You’re also in charge of events for the development and numerous other activities. Since you now partially represent the people who live in your condo, housing development, or timeshare complex, […]
Owning a large rental property, like a multi-unit, multi-floor apartment building comes with a number of responsibilities. You need to manage the employees who clean and maintain the building, as well as those who are in charge of finding and vetting new renters. On top of this, you also need to protect your company from […]
Landlords often require their renters to have a rental insurance policy. These policies protect the property that belongs to the renter. But what about the rest of the building? As the landlord, you need to have a number of policies in place to protect yourself and your investment. These policies go beyond the scope of […]
Owners of apartment complexes have a lot on their minds. They need to keep their apartments filled with tenants, manage the employees who maintain and clean the complex, and ensure that all of the bills get paid. The last thing that they need is to deal with additional bills from storm damage-related repairs. Thankfully, there […]
