Bay Property Management Group

MARCH 13, 2025

The rent-to-income ratio is a simple, yet powerful, tool that helps landlords gauge financial stability before signing a lease. In this article, well help you understand how to calculate the rent-to-income ratio, why it matters to you as a landlord, and what to do if a tenant doesnt meet the threshold. What is Rent-to-Income Ratio?

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American Apartment Owners Association

NOVEMBER 21, 2024

The importance of a thorough and accurate rental application cannot be overstated. As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. It will help landlords and property managers make informed decisions about who to rent to.It

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Bay Property Management Group

APRIL 17, 2025

Main Takeaways The Move-In Affordability Plan in Philadelphia aims to ease financial burdens by capping application fees at $20, allowing security deposits to be paid in four monthly installments, and eliminating redundant fees for multiple applications. I introduced the Move-In Affordability Plan to help renters like them.

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Bay Property Management Group

JANUARY 19, 2025

Ideally, when someone rents out a home, they’d move in the following month. Luckily, when that happens, you don’t necessarily have to pay that entire month’s rent. In other words, the tenant could pay a prorated rent, an amount that reflects the number of days you’ve lived in the rental.

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American Apartment Owners Association

MARCH 20, 2025

AB 2747 is a California rent law designed to make Rent Reporting more accessible, helping Renters build credit while setting clear guidelines for Landlords. Rent is one of the largest recurring expenses for most people, yet it has historically not been reflected in credit scores. Confirmation that Rent Reporting is optional.

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Yardi Breeze

MARCH 21, 2025

Or that they can afford to pay rent on time every month? Application fraud detection in property management is always a priority, but its an even bigger issue given that so many interactions occur now online. Cons : Matching an ID card to a face requires the applicant to have and use a smartphone or tablet.

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McKee Properties

FEBRUARY 10, 2025

This guide will walk you through actionable tips to create a compelling rental application, improve your chances of success, and make a lasting impression on property management teams for Bay Park apartment rentals and homes alike. For family-friendly homes in Bay Park, discuss your long-term plans to rent and care for the property.

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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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McKee Properties

FEBRUARY 10, 2025

Standing out among other applicants is essential, and with the righ t strategy, you can position yourself as the ideal tenant for property owners. This blog will guide you through effective strategies to distinguish your rental application while improving your chances of landing your desired home.

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Bay Property Management Group

MARCH 28, 2025

To confirm you can afford the rent Aside from everything above, landlords also have to make sure you truly meet the most basic of qualifications: that you can pay the rent. Well, heres the thingtheres no federal law that says landlords have to run background checks on apartment applicants. What Can Cause a Tenant to Be Denied?

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Appfolio

AUGUST 28, 2020

Online rent payments aren’t just convenient, they’re also mutually beneficial for your residents and your business. If you’re still collecting paper rent checks and manually entering bank data, then now is the time to implement a paperless system. 2 Eliminates Error-Pro ne, Manual Auditing & Editing.

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Buildium

MARCH 19, 2025

Why Rental Leasing Software Is Becoming a Must-Have for Landlords Many landlords start their journey by handling lease agreements, rent payments, and tenant applications manually. Instead of manually drafting leases, collecting applications, or managing renewals, landlords can complete these tasks with just a few clicks.

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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. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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Bay Property Management Group

MARCH 25, 2025

Renting to tenants who can reliably pay on time, every time. Main Takeaways The income verification process is a core part of finding qualified tenants who can pay the rent on time. A landlord’s top concern is finding tenants who they can rely on to pay the rent on time, every time. So, how do you make that happen?

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Buildium

MARCH 20, 2025

Managing rental properties comes with plenty of moving partscollecting rent, handling maintenance requests, keeping up with leases, and tracking finances, to name a few. Follow that up with the ability to collect rent online , and youll make gathering first, last, and security into one seamless workflow.

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Buildium

FEBRUARY 4, 2025

But when there is so much else to keep track ofmaintenance requests, rent collection, and the likeits easy to neglect your marketing and fall into some common marketing mistakes. Its an important part of business operations that not only brings in new owners and residents, but builds and maintains relationships with current ones.

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American Apartment Owners Association

DECEMBER 2, 2024

San Francisco and Philadelphia are leading the charge against rent-setting software, passing laws to regulate the use of algorithmic systems that leverage nonpublic data. Free Rental Application Get 20 Rental Forms for FREE, including a rental application. They’re here.”

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Fourandhalf

JANUARY 22, 2025

No one wants to turn a property when maintenance costs are higher and rents are holding or even compressing. Annual Cost of Repairs per Owner: The Magic Number On his previous appearance, Ray said that the magic number is 12 percent of rents collected. In 2022, a property manager could rent a home sight unseen. AI is not magic.

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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? And when are apartments cheapest?

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American Apartment Owners Association

MARCH 19, 2025

The Evolution of Communication in Property Management AI-powered chatbots and automated messaging systems are becoming the norm, helping property teams respond to resident inquiries, process maintenance requests, and even screen rental applications. Others may rely on government-issued checks or prefer cash payments for personal reasons.

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Bay Property Management Group

JANUARY 8, 2025

Landlords check it during the tenant screening process to confirm if the tenant is reliable to pay the rent. Although landlords’ criteria may vary, there are general trends you should look at when you assess the minimum credit score required to rent a house. What Is Considered the Minimum Credit Score to Rent a House?

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Bay Property Management Group

MARCH 2, 2025

In turn, that could make lenders hesitant to approve your application. Lets look at them both: Front-End DTI (Housing DTI) The front-end DTI focuses only on housing expensesthings like your mortgage payment, property taxes, homeowners’ insurance, and HOA fees, if applicable.

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Bay Property Management Group

DECEMBER 30, 2024

Considering renting out your house? Read on to understand the process of renting out your house and avoid potential hiccups. Read on to understand the process of renting out your house and avoid potential hiccups. Renting out your house can give you several benefits. There are many reasons you could be here.

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Appfolio

JULY 13, 2020

After rent price and apartment features, 54% of renters said the community’s appearance played a role in their decision to visit a community, according to the NMHC / Kingsley Associates Renter Preference Report. Check Up On Your Application Process. Put Your Property’s Best Foot Forward.

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Lease Applications Applicants Property Management 264

BetterWho

MARCH 7, 2025

Document Standard Operating Procedures (SOPs) For a remote team to succeed, every property manager should follow a standardized approach to: Tenant Onboarding Application process, background checks, lease signing. Rent Collection Automated reminders, handling late payments.

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Beach Front Property Management

SEPTEMBER 25, 2024

Timely rent payments and an efficient collection system are essential to a successful rental property. With advancements in rental technology, offering online rent collection has become easier than ever. Discover the benefits and resources available for setting up an efficient online rent collection system.

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Buildium

JANUARY 30, 2025

Think of how much simpler it would be if routine activities such as rent collection, lease renewals, and maintenance requests were handled automatically. Keep your accounts organized and efficient with features that let you set up distinct accounts, automate rent collection and expense tracking, and generate and share reports easily.

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Buildium

OCTOBER 28, 2024

Fact #3: Tenant Quality Is Property Managers’ Top Concern Finding financially stable tenants is getting harder as rent growth outpaces wages, causing property management companies to prioritize tenant screening. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. This comes as U.S.

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Bay Property Management Group

JANUARY 9, 2025

You Need the Following… Proof of Identity Income Verification Credit History and Score Rental History Security Deposit First and Last Months Rent Application Fees Personal References Background and Credit Checks Proof of Identity Property managers in Philadelphia typically require tenants to go through an approval process.

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American Apartment Owners Association

NOVEMBER 7, 2024

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. The applicant should also investigate the neighborhoods crime statistics.

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Tenant Landlord Lease Applications 246

American Apartment Owners Association

SEPTEMBER 19, 2024

If they did not pay their rent on time at the last place they lived, does that mean they will not pay their rent for their next home? To facilitate the process, be sure to use the AAOA Application to Rent-Comprehensive found in our free forms library. How much rent did they pay? Would you rent to them again?

Applications 130

Applications Applicants Landlord Tenant 130

American Apartment Owners Association

SEPTEMBER 19, 2024

If they did not pay their rent on time at the last place they lived, does that mean they will not pay their rent for their next home? To facilitate the process, be sure to use the AAOA Application to Rent-Comprehensive found in our free forms library. How much rent did they pay? Would you rent to them again?

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Applications Applicants Landlord Tenant 130

Real Property Management Evertrust

JANUARY 9, 2025

If your rent collection practices are still obsolete, it’s time for a refresh. Tenant portals, specifically, allow renters to pay rent with just a few taps, anytime and from anywhere. Virtual tours and remote leasing help streamline the management of applicants who are distant, out of town, or otherwise preoccupied.

Property Manager 241

Property Manager Property Management Management Property 241

American Apartment Owners Association

OCTOBER 14, 2024

Department of Housing and Urban Development (HUD), the Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. How does the Fair Housing Act work? Need Legal Help? Chat with a real estate lawyer near you.

Applications 130

Applications Applicants Landlord Single-Family Home 130

American Apartment Owners Association

OCTOBER 14, 2024

Department of Housing and Urban Development (HUD), the Fair Housing Act protects people from discrimination when they are renting or buying a home, getting a mortgage, seeking housing assistance, or engaging in other housing-related activities. How does the Fair Housing Act work? Need Legal Help? Chat with a real estate lawyer near you.

Applications 130

Applications Applicants Landlord Single-Family Home 130

Bay Property Management Group

MARCH 3, 2025

For example, when most people hear “rental income,” they immediately conjure up rent payments in their heads, but it’s so much more than that. Income Sources Rent Payments The obvious one is money collected from tenants. Then, we can market to tenants in your area and narrow down qualified applicants for you.

Real Estate 130

Real Estate Rental Income Property Manager Property Management 130

American Apartment Owners Association

DECEMBER 16, 2024

Free Rental Application Get 20 Rental Forms for FREE, including a rental application. Optimize Pricing and Lease Flexibility In today’s“rent rollercoaster” market, implementing data-driven pricing strategies is crucial. Offer a range of flexible lease options to cater to diverse resident needs.

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