Bay Property Management Group

FEBRUARY 3, 2025

Have you ever felt like finding an apartment is more about paying fees than actually landing your dream place? The application fee for apartment can seem unfair, especially when it catches you by surprise. What Are Apartment Application Fees? As of January 2025, the highest application fee for renting in Washington, DC, is $53.

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Bay Property Management Group

JANUARY 29, 2025

Rent prices are always changing, and having utilities included might seem like an easy way to keep things simple. But are utilities included in rent? Main Takeaways To know if utilities are included in the rent, your answer is simple: look at your lease (and local laws). Read below to learn more.

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American Apartment Owners Association

FEBRUARY 25, 2025

Why Landlords Need to Use Property Management Software in 2025 Rental property management comes with a laundry list of responsibilities from collecting rent and screening tenants to monitoring expenses. O pt im ize s Lease Management: Property management software allows digital storage of leases and related documents.

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Bay Property Management Group

FEBRUARY 4, 2025

One of the benefits of this option is that you can rent while saving to buy the same apartment. Its a unique combination of renting and owning the property. And can a landlord break a rent-to-own contract? This guide will explain everything you need to know about rent-to-own properties.

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Rental Choice

NOVEMBER 28, 2024

A lease renewal is a common part of renting. If a tenant’s lease term will end soon, it’s important to know how the lease renewal process works. What is a Lease Renewal? A lease renewal is an agreement between the tenant and the landlord to renew the lease. Lease Renewal.

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Bay Property Management Group

JANUARY 27, 2025

Wondering, “what credit score do you need to rent an apartment?” answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with. answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with.

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Bay Property Management Group

FEBRUARY 18, 2025

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly? What Utilities Are Typically Included in the Rent? We’ll get into it below.

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Bay Property Management Group

JANUARY 30, 2025

Whether its paying overdue rent, negotiating with your landlord, or exploring legal protections, taking the right steps can make all the difference. So, can you pay rent after receiving an eviction notice? Maryland law even allows tenants to redeem their lease by paying rent and late fees before the court finalizes the eviction.

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Rental Housing Journal

MARCH 31, 2025

March saw national rents rise slightly for the second month in a row, according to Apartment Lists April report. While the last two months have seen some rent increases, overall national year-over-year growth remains negative at -0.4 At the local level, 82 of the nations 100 largest cities saw rents rise in March.

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American Apartment Owners Association

DECEMBER 16, 2024

Have you ever encountered challenges with a lease violation? Lease violations are common situations that can impact both homeowners and residents. In this article, you will find the most common lease violation types. Dive into the details of lease violations and how to resolve them smoothly and successfully!

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Bay Property Management Group

DECEMBER 9, 2024

Timing is everything when it comes to renting an apartment. Since rent prices typically rise and fall in predictable seasonal patterns, knowing the best time to find an apartment could save you money and unlock better options. So, when exactly is the best time to rent an apartment?

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Appfolio

JULY 13, 2020

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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Bay Property Management Group

APRIL 11, 2025

So, youre thinking of renting a place with someonemaybe your partner, your best friend, or even your cousin who swears theyre good with finances now. It is: A co-applicant shares full responsibility for rent and lease terms roommates, partners, or family members who apply together are equally liable for payments and property upkeep.

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American Apartment Owners Association

FEBRUARY 6, 2025

Small homes = big profits Leasing tiny homes is one of the latest trends in the rental business. They have turned carports, greenways, storage spaces and laundry rooms into entry-level apartments, sometimes in less than a year from conception to completion. They have proven to be a good venture, especially for first-time investors.

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American Apartment Owners Association

NOVEMBER 25, 2024

What would your current or prospective renters say if you asked for their thoughts on your rent prices? You’d hope that renters believe your rents match the value and lifestyle your apartment community offers and your staff agrees. 1: Following competitors’ rent prices. Mistake No. Join AAOA for Free!

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Real Property Management Evertrust

SEPTEMBER 19, 2024

But renting an apartment during this chilly season comes with its own set of challenges and considerations. If you are looking for a rental apartment in Portland, Maine, during the winter months, it’s crucial to understand how the season affects apartment hunting, living conditions, and utilities.

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Yardi Breeze

JANUARY 23, 2025

By the time we sold, we were managing over 4,000 single family homes and apartment units, plus 17,000 doors for HOAs. What truly sets our designations apart, though, is the emphasis on engagement. Looking ahead, AI could be used to analyze leases and answer questions like, When is my rent due? or What happens if Im late?

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RL Property Management

MARCH 25, 2025

Because even small screening and lease agreement mistakes can cost you thousands in lost rent, legal fees, and property damage, not to mention time, stress, and lost sleep. And all too often, it starts with a rushed screening decision or a poorly written lease. A well-written lease is your safety net. Check it out here.

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American Apartment Owners Association

JANUARY 27, 2025

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Are you taking that big step and purchasing your first multifamily property? Or are you an old pro adding another investment property to your real estate portfolio?

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Real Property Management Chicago

AUGUST 30, 2024

When considering renting your first apartment, it’s natural to feel both excited and nervous. You can make apartment hunting easier by planning key aspects in advance. By following these basic steps now, you could soon find and rent your first apartment like a pro. Compute the exact dollar amount.

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Bay Property Management Group

FEBRUARY 16, 2025

They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). It describes someone who leases out a property or asset to someone else.

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Rental Housing Journal

JANUARY 28, 2025

Nationwide rents declined again in January for the sixth month in a row, according to the February report from Apartment List. Rents fell 0.2% in January a month that typically marks the bottom of the rental market each year, before rents start to rise in the spring. Year-over-year growth also remains negative at -0.5

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Bay Property Management Group

JANUARY 9, 2025

Are you considering moving and thinking, “What do I need to get an apartment?” What Do You Need to Get an Apartment? Before you sign your lease, youll need to show a valid ID. Income Verification Another key requirement to rent an apartment is verifying that you have a sufficient income.

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InveServe

APRIL 8, 2025

For many, owning a small apartment complex in Los Angeles comes with excitement and uncertainty. Understanding whether this decision is right for you starts with looking at the facts , the opportunities , and the challenges of owning a small apartment complex in LA. If one unit is vacant, you still collect rent from the others.

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Bay Property Management Group

NOVEMBER 18, 2024

There are all kinds of reasons why someone would need to break their lease. How can you break your lease without penalty? Here are some common ways in which someone might find a way to break their lease without penalties. Early Termination Cause Leases can vary a lot. Life gets in the way, right? Good question!

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Buildium

FEBRUARY 4, 2025

Well cover how offering custom experiences sets you apart from the crowd, ways to provide individualization without creating more work for you, and suggestions on which services can be tailored to fit each owners needs. If youre ready to showcase your value by including a personalized touch in your service list, keep reading.

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American Apartment Owners Association

DECEMBER 9, 2024

After a volatile period in commercial real estate, many multifamily borrowers that seek to increase the stability and profitability of their apartment buildings have a new take on a business basic: customer service. “What makes a tenant base want to stay in their apartment? ” Need a Lease Agreement?

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Rental Housing Journal

MARCH 17, 2025

What is your 2025 digital marketing strategy for apartments and what do you have to do to stay ahead in multifamily marketing heading into the peak leasing season? An effective marketing strategy is equally vital as the industry approaches the 2025 peak leasing season, and success requires a more diverse and sophisticated approach.

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American Apartment Owners Association

DECEMBER 16, 2024

In this blog post, we’ll explore the following: Understanding Why Tenants Leave Rising Supply, Increasing Competition for Residents 8 Tips to Minimize Tenant Turnover Understanding Why Tenants Leave Before diving into retention strategies, it’s crucial to recognize the common reasons tenants choose not to renew their leases.

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Bay Property Management Group

APRIL 9, 2025

Other times, theyre what makes that monthly rent feel worth it. Some are included in rent, while others may come with added fees. Amenities affect rental prices higher-end features often mean higher rent or extra charges, so it’s important to weigh costs against convenience and lifestyle benefits. And it makes sense.

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American Apartment Owners Association

NOVEMBER 25, 2024

An accelerating surge in apartment rents is tightening the squeeze on the most affordable segments of the U.S. Redfin attributed the decline in listings to a boom in asking rents after the pandemic, which led to rents stabilizing near their record highs soon after. rental market. is $1,634 per month. rental market.

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Bay Property Management Group

JANUARY 7, 2025

If you need extra income, renting out a spare room can be a great solution. By renting out a room, you can help cover your mortgage, property taxes, utility bills, and more. To make the right decision, establish clear rules for renting a room in your house. So, you can adjust your lease to fit tenants with different needs.

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American Apartment Owners Association

SEPTEMBER 16, 2024

Negotiating rent prices can be tough for a landlord. Whether negotiating with tenured residents or prospective renters, you should always be open to discussing rent prices. When to Consider Negotiating Rent When a renter asks to negotiate rent, its normal to have a knee-jerk reaction. Need a Lease Agreement?

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ADDA

DECEMBER 1, 2024

Moving into a new apartment is an exciting milestone, but it can also be overwhelming if you’re unprepared. To make the process smoother, having a detailed apartment move-in checklist is essential. From inspecting the apartment to setting up utilities, this guide will help ensure you don’t miss a thing.

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American Apartment Owners Association

NOVEMBER 7, 2024

The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. Just as you are placing your faith in a new tenant to pay their rent on time and respect your property, they are placing their trust in you that you will keep them safe while providing them with a habitable home.

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American Apartment Owners Association

DECEMBER 16, 2024

While the second quarter historically has the highest demand for apartments, this year the third quarter was significant enough to outperform the previous three months. Over the first three quarters of 2024, demand for rental apartments has already surpassed last years total by more than 100,000 units. Washington, D.C.,

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American Apartment Owners Association

DECEMBER 9, 2024

Its essential to remember that these approaches are designed to respect legal processes and lease terms while offering alternatives that can help avoid the costs and complications of eviction. Offering to help make their move easier boosts the likelihood of agreeing to a shorter lease term.

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