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How a Month-to-Month Lease Agreement Works in Norfolk, VA

Osprey Property Management

Updated October 1, 2024. Rental property owners in Norfolk, VA, know it's important to understand how month-to-month lease agreements work. Unlike a long-term lease, a month-to-month agreement is automatically renewed unless either the tenant or landlord provides notice of non-renewal.

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

Buildium

For 2024, the form looks like this: What Is a 1099-NEC form? To give you an idea of what to expect, the form for 2024 looks like this: 1099 Exemptions for Property Managers There are a few scenarios in which property managers are exempt from filing a 1099. The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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Rental Property Maintenance Guide For Landlords

Rental Choice

Landlords have numerous responsibilities when it comes to running a rental property. Why is it essential, and how can landlords deal with it? Landlords are legally obligated to keep the property clean and habitable. Often, landlords outline the tenant’s maintenance responsibilities in the lease.

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The Return of the Accidental Landlord in 2024

Authority Property Management

Accidental Landlords are back The housing market in Redding, CA , and across the U.S. All of this means one thing: the accidental landlord is making a comeback. If you’re unfamiliar, an "accidental landlord" describes property owners who rent out their homes because of life changes rather than a planned investment strategy.

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Indianapolis Property Management Update: Rental Statistics Q4 2024

T&H Realty

We expected two out of those three trendsbut rental rates actually increased in Q4 2024. Are landlords holding firm on pricing, or is this just a tougher-than-usual seasonal slump? For property managers and landlords, this trend serves as a reminder of the importance of proactive marketing and pricing strategies during slower quarters.

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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

This guide will show you practical strategies to keep tenants satisfied and loyal in 2024. This includes checking backgrounds and speaking with previous landlords to ensure reliability. Call previous landlords to get insights into their behavior and reliability. Start talking about renewing leases 90 to 120 days before they end.

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6 must-know trends for efficiency-minded property managers with large portfolios

Buildium

For example, data analytics can help pinpoint what you should charge for services, the most effective leasing strategies, or what market to invest in next. In fact, as of 2024, 24% of property management companies are using virtual assistants. Yet, 79% of landlords also own their property primarily for the rental income it provides.