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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Real Property Management Chicago

DECEMBER 20, 2024

Fortunately, a few basic, effective strategies can significantly keep residents happy and willing to renew their leases year after year. However, you can cautiously screen your applicants before signing a lease. Provide Incentives for Lease Renewal To encourage lease renewals, it is advisable to reward your current resident.

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Real Property Management Evertrust

JANUARY 9, 2025

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. Virtual Tours and Remote Leasing A while ago, the business experienced a surge in demand for virtual tours and remote leasing processes.

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American Apartment Owners Association

JANUARY 16, 2025

They provide a clear framework for staff to understand their responsibilities and adhere to fair housing laws, ensuring consistent application of these principles across the board. All leasing professionals should be equipped with standardized language to address these situations, ensuring a uniform and compliant approach.

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American Apartment Owners Association

SEPTEMBER 19, 2024

To facilitate the process, be sure to use the AAOA Application to Rent-Comprehensive found in our free forms library. This application contains spaces for three past landlords and their contact information, dates of occupancy, monthly rent and reason for moving. Were there people living there who were not on the lease?

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Bay Property Management Group

JANUARY 1, 2025

Content for the Article Where Can Landlords Find Your Eviction Information? Tips for Finding Housing After an Eviction Where Can Landlords Find Your Eviction Information? In turn, that damaged credit score can impact your rental application. Contact us today to speak to one of our dedicated leasing agents.

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American Apartment Owners Association

OCTOBER 14, 2024

it is illegal to refuse to rent to an applicant who is receiving assistance through the Section 8 program. When the voucher holder finds a unit that it wishes to occupy and reaches an agreement with the landlord over the lease terms, the PHA must inspect the dwelling and determine that the rent requested is reasonable. Need Legal Help?

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Bay Property Management Group

DECEMBER 12, 2024

Note that you must follow Fair Housing Laws through every step of this process: Draft a comprehensive rental application: In this step, you can gather important information about a prospective tenant. For self-employed applicants, ask for recent tax returns or financial statements.

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Real Property Management Chicago

AUGUST 30, 2024

Prepare for the application process Once your finances are settled, you can move on to searching and applying for your first apartment. Having your application materials ready in advance will enable you to act quickly when you find a place you like. You’ll need to have a list of documents and information ready to rent an apartment.

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Real Property Management Enterprises

FEBRUARY 8, 2024

It can be difficult to apply for a single-family rental, and the best rental homes frequently draw a large number of applicants. It can be difficult to make your application stand out from the others because of the high demand, which frequently makes the application process very competitive.

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Yardi Breeze

DECEMBER 6, 2024

Check out the Bill Pay brochure for more information. Breeze and Breeze Premier is our all-in-one property management software platform with built-in marketing, leasing, accounting and operations functionality. Unlike the RentCafe resident portal for residential clients, marketing and leasing functionality is not included.

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BetterWho

OCTOBER 4, 2024

Impact on business practices: Property managers must reassess their leasing processes to avoid potential litigation. Property managers should ensure that all fees are transparently communicated to prospective tenants upfront—before lease agreements or application fees are signed.

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Appfolio

AUGUST 28, 2020

4 Allows You to Make More Informed Decisions. In addition, many are probably already accustomed to using automatic bill pay systems that enable them to pay all of their bills without having to manually enter the same information each month. . Accurate records are essential for operating a successful business.

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Real Property Management Chicago

SEPTEMBER 13, 2024

Conducting Due Diligence The immediate cash flow and turnkey nature of acquiring a leased property can make it seem like a great choice for your next investment. However, don’t assume that a leased property is in good condition or that the tenants are reliable and pay rent on time.

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Bay Property Management Group

JANUARY 14, 2025

For instance, you could use background check services that give you a full report of your background information. Oftentimes, credit reports include eviction-related information as part of your financial history. Strengthen Your Rental Application Many times, people get evicted because they haven’t paid the rent.

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BetterWho

DECEMBER 6, 2024

The lawsuit revealed that SafeRents algorithm disproportionately scored low-income applicants and people of color, particularly those using housing vouchers. These scores led to unjust denials of housing applications, a clear violation of the Fair Housing Act. million class-action lawsuit after allegations of discriminatory practices.

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American Apartment Owners Association

AUGUST 30, 2024

Tasks like tour scheduling, applicant vetting, lease renewals, rent collection, and maintenance requests are prime candidates for automation. Free Rental Application Get 20 Rental Forms for FREE, including a rental application. AI and machine learning can further enhance automation capabilities.

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Fourandhalf

AUGUST 22, 2024

We will explore the key features to look for, evaluate some of the best property management software options, and provide tips to help you make an informed decision. These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication.

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Real Property Management Evertrust

OCTOBER 7, 2024

Pro Tip: Create a rental application form that collects all necessary information in one go. This will help you compare applicants side by side and choose the best fit for your property. The Fix: Set clear boundaries from the beginning by creating a detailed lease agreement. It’s important to be firm but fair.

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Esquire Property Management Group

OCTOBER 9, 2024

This new law mandates that landlords and their representatives—across all commercial sectors, including office, industrial, and retail—adapt their leasing practices when engaging with a newly classified category of tenants known as “qualified commercial tenants.”

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MRI Software

NOVEMBER 12, 2024

Capital lease accounting, also known as finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. Let’s explore the basics of capital lease accounting and its impact on financial statements, while also delving into key considerations for proper implementation.

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Rental Choice

DECEMBER 31, 2024

Some applications offer scheduling features tenants can set up and authorize in advance. Lease Clauses To make things easier for landlords and tenants in the long run, landlords may include stipulations about holiday rent payments in lease agreements. They ensure quick, reliable, and secure payments. Communication is key.

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Bay Property Management Group

DECEMBER 23, 2024

A landlord is a person who owns property that they lease to another party in exchange for rent. They help you with tenant retention – Signing a lease isn’t the end of the journey because eventually, tenants move out, leaving you to find replacements. What Is a Landlord? But that also means they take on all the stress.

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American Apartment Owners Association

AUGUST 7, 2022

Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property. Prepare for your court hearing: You (or your attorney) might have to bring a number of documents to court which may include: The original signed lease agreement. Otherwise, your new tenant(s) cant move in.

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Real Property Management Choice

JULY 3, 2015

As the nationwide leader in local property management for Westside and South Bay Los Angeles, Real Property Management Choice has developed a leasing process that has proved to shorten vacancies and increase rental income by finding reliable tenants more quickly. Below is a step by step process of the leasing process.

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Nest DC

MARCH 28, 2023

It’s a property owner’s worst nightmare: you’ve signed a lease with a tenant, but they aren’t who they say are, may not be paying rent, and you can’t get them out without going through DC’s incredibly rigid eviction process. You should always give an applicant time to provide additional information when needed.

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Real Property Management DC Metro

JANUARY 9, 2025

Data analytics has become a powerful tool for rental property managers and owners intently looking to make informed decisions in today’s evolving rental market. But, however, tracking essential data can develop this information and allow you to thoroughly optimizie your time, energy, and resources.

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Real Property Management Enterprises

JANUARY 9, 2025

Tenant portals authorize residents to access important documents like lease agreements, send maintenance requests, and talk directly with the administration. Virtual Tours and Remote Leasing Lately, the use of virtual tours and remote leasing processes has increased the reputation in the sector.

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Bay Property Management Group

JANUARY 16, 2025

It is within reach if you have the right information and willpower. Its worth reviewing your lease agreement and local laws to determine if you have a case for these violations. Inform them quickly if you’re having trouble making rent. Get to Know Your Lease As they say, ignorance is not a defense.

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MRI Software

NOVEMBER 11, 2024

The new lease accounting standards— ASC 842 lease accounting for U.S. The new lease accounting standards: what’s changed? The new lease accounting standard introduces major shifts in how leases are reflected on financial statements. Previously, companies could keep operating leases off their balance sheets.

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Appfolio

DECEMBER 4, 2020

Technology has automated many of the tedious, manual tasks for property management businesses, and helped them to significantly improve a range of processes from onboarding and training to leasing and maintenance. In Massachusetts, getting the business is not difficult, but sometimes serving the business can be,” he says.

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Property Management Inc.

NOVEMBER 26, 2024

Often, these pet families take good care of your home and are likely to renew their lease at the end of the initial agreement. Read on for guidance on managing an unauthorized pet lease violation in your rental home. If you decide to allow pets on your rental property, you must detail every aspect involving these animals in the lease.

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Real Property Management Enterprises

MAY 31, 2024

Indeed, creating a leasing office helps you stay organized and manage properties with more ease. It can be as straightforward as making folders for each property and placing important documents, like lease agreements and rental applications, in them.

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Authority Property Management

NOVEMBER 29, 2024

These platforms allow property managers to handle a variety of tasks—rent collection, tenant screening, lease management, maintenance requests, and even financial reporting—all in one place. They can answer questions about rent, lease terms, and maintenance requests 24/7, providing quick responses that improve tenant satisfaction.

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Real Property Management California Coast

JANUARY 10, 2025

Data analytics has become a powerful tool for rental property managers and owners committed to make informed decisions in today’s evolving rental market. Predictive analytics can, in fact, help you spot potential turnover risks before they become a reality, enabling you to prepare or even ward off an impending lease termination.

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MRI Software

SEPTEMBER 3, 2024

Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Understanding lease renewal fees is essential for maximizing your rental income and ensuring tenant satisfaction.

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American Apartment Owners Association

DECEMBER 5, 2024

In the ever-evolving world of real estate investing, staying informed about tax strategies that can enhance your returns is crucial. Stay Informed on Legislative Changes:  As tax laws evolve, staying informed will allow you to adapt your investment strategy and take advantage of available benefits.

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