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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

In the residential leasing world, May through September are known as leasing season—with July and August typically seeing the most volume. To make the most of leasing season, property managers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

But on the other hand, their growth expectations are, again, equivalent or greater than their expectations back in 2019 and 2020. First: Leasing has become less profitable, with renters moving less often than they have in previous years. Factors Impacting Property Management Companies Profitability So, whats going on here?

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

In 2020, the IRS began requiring businesses to report non-employee compensation in a separate form, the 1099-NEC. The IRS uses the 1099-MISC to report a variety of income received that isn’t reported on standard W2 forms. The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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3 Ways Mobile Access to Real-Time Data Helps You Maintain Business Continuity

Appfolio

For instance, on AppFolio Property Manager PLUS, you can create customizable reports , such as income, cash flow, and rent roll. From which units need emergency maintenance repairs to which units have lease renewals coming up, mobile technology can make it easier to maintain transparency and efficiency. Make More Strategic Decisions.

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Rent Control - A Solution? by Gaston Reboredo CCIM CPM

Florida Property Management

The Pros and Cons of Rent Control Policies Research by the Harvard Joint Center for Housing Studies (JCHS) found that although 6.7 Units renting for less than $800 a month declined by 2%, while units renting for $2,000 or more a month increased by a whopping 97%.

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Maximizing Tenant Retention in Shasta County: Insights on Average Stay Durations for Real Estate Investors

Authority Property Management

This general figure provides a solid benchmark for investors to gauge expected tenant retention and plan for future leasing activities. Here's a breakdown of the average duration for recent years: 2020: 895 days (about 2.5 Offering benefits such as lease renewal bonuses or gradual rent increases can encourage tenants to stay longer.

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