Property managers are hired to take care of a property's daily operations. That includes maintenance, bookings, cleanings, marketing, and even accounting. So why should property managers care about compliance?
Because it is part of the job description to ensure all rules, laws, and guidelines associated with real estate ownership are followed: are the properties up to code? Do they follow the basic compliance rules established by the FHAA?
This directly impacts the owner's legal standing and the owner-property manager relationship, as the first deposits their trust in the second to take care of their assets and ensure everything is done correctly.
The Fair Housing Amendment Act (FHAA) has seven rules that all and any real estate property must follow. They are:
Beyond the basics determined by FHAA, there are many other topics related to long-term rentals, such as lease agreements, tax payments, and tenant screenings. On top of those are other items, such as:
Besides those, all properties have their own specific needs, as well as their property managers. Some might manage a personalized background check process for all vendors, while others may require a specific process for document signing. This might be overwhelming.
Well, not if you have software to help.
One of our goals at TIDY is to make your life easier. So of course we have ways for you to keep track of compliance. They include:
This means that you can personalize the app to your compliance needs. For example, if you require a minimum insurance requirement from service pros, TIDY can track that. We can collect the insurance certificates and ensure they qualify.
You can also ensure that all service pros have the minimum training to work with you through the app. Even though we don't provide the training directly, we recommend several certifications and ratings and help you track them.
On top of all that, we also offer background checks compliance, document signing, and multiple safety options. If you want to implement this, talk to us. We're here to help.
TIDY'S Property Management Software Guide
Stay on top of tools to help you manage rental properties.
This eBook gathers the most useful software for property managers!
Get a Free 1-on-1 Turnover Cleaning Improvement Plan.
Airbnb hosts: want free personalized tips to make your turnovers reliable? Book your free "Perfect Turnover Session".Book a Free Call
Learn How TIDY Helps Offer Cleaning as a Benefit
A widely-loved and unique pre-tax benefit.LEARN MORE