When it comes to the concepts of Homeowners Associations (HOA) vs. property managers/management companies, there can be a great deal of confusion out there as to what the differences are between the two. After all, both entities are typically tasked with managing housing communities, so in this article we will present a brief description of both to see how they are different, and how they are also alike.
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With property management – as it is with any business venture – solid accounting practices are one of the mainstays to achieving success. But when you’re running a business with so many variables, how can you keep up with them all effectively while ensuring that you, your employees, and your tenants keep up to date with all of your budgets and payments? Here are five of the most important recommendations.
As a landlord, it can be a vitally important to hire a property management company to oversee your properties. Many landlords will manage properties that they own personally – often with the assistance of employees – but sometimes the process can be overwhelmin, and in those instances the services of an experienced and reputable property management company can come in very handy.