Bay Property Management Group

JANUARY 19, 2025

AtBay Property Management Group, we are property management professionalsfocused on customer service.Furthermore, ourgoal is to make property ownershipbotha pleasurable and profitable experience for our clients.We Today, we proudly introduce David Rosenfeld, Senior Leasing Agent for BMG. But he doesn’t stop there.

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Rental Housing Journal

DECEMBER 15, 2024

Multifamily applicant fraud is becoming a widespread challenge for the industry as fraudsters become more inventive, according to the State of Applicant Fraud Report from Snappt , an AI document-fraud-detection company for multifamily property managers.

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Applications Applicants Property Management Property Manager 98

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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Tenant Landlord Lease Applications 244

Bay Property Management Group

NOVEMBER 26, 2024

As a property management company, we understand that things come up. Whether your family is growing or you must relocate for work , you may have to break your lease early. While this is not ideal for landlords or property managers, you can do a few things to make the process easier. Generally speaking, yes.

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Bay Property Management Group

DECEMBER 5, 2024

Unfortunately, you may face penalties for breaking a lease. As such, weve mapped out what those consequences entail, how to possibly reduce them, and instances when you can break a lease without a penalty altogether. What Are the Penalties for Breaking a Lease? Read below for more information.

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Bay Property Management Group

DECEMBER 8, 2024

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. What Does It Mean to Cancel a Lease?

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Real Property Management Evertrust

JANUARY 9, 2025

The property management industry is evolving, mostly propelled by technological advancement. Indeed, AI-based technology is transforming every facet of rental property management. Continue reading to uncover the key technologies revolutionizing rental property management and defining the industry’s future.

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Appfolio

MARCH 16, 2021

It’s one of the property management industry’s most pressing pain points. . While the average turnover rate across all industries stands at 22% , the property management industry has a turnover rate of 32.7%. . I think it does allow your property manager to say, ‘I’m willing to fight another day.’”. Employee retention.

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Appfolio

AUGUST 28, 2020

As a property manager, you might be wasting lots of time and money every month manually collecting rent, preparing deposit slips, and making trips to the bank to deposit funds. Online rent payment services prevent the most common accounting errors property managers face daily with paper-based record keeping systems.

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American Apartment Owners Association

DECEMBER 16, 2024

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Offer a range of flexible lease options to cater to diverse resident needs.

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Real Property Management Chicago

DECEMBER 20, 2024

As a rental property owner, you are already familiar that renter retention is one of the critical elements to long-term success. Not only do high turnover rates increase costs, but they can also obstruct the stability of your investment property in other aspects.

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Real Property Management Evertrust

NOVEMBER 7, 2024

If you own a rental property in a region with snowy winters, you may be contemplating how to cope with the responsibility of snow removal. The regulations regarding snow removal for rental property owners are quite extensive and even intricate. For instance, multi-family property owners are often responsible for snow removal.

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Tenant Landlord Property Management Property Manager 228

Yardi Breeze

DECEMBER 6, 2024

We get a lot of questions from property managers about Yardi Breeze and Yardi Breeze Premier. To help you out, we assembled a list of common property management software FAQs below. I manage a mixed-use property with commercial & residential units. How should I set up this property? We love it!

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American Apartment Owners Association

JANUARY 9, 2025

If this sounds familiar, you might assume property management software is just another expense eating into your profits. This article will investigate the true value of property management software, including its uses and benefits for landlords of all sizes (financial and otherwise). What is Property Management Software?

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Real Property Management Chicago

SEPTEMBER 13, 2024

Acquiring a rental property with existing tenants is not only a convenient choice, but also a great opportunity. That said, it’s vital to understand that purchasing a property with tenants already living there comes with its own challenges. Skipping renovations, advertising, and tenant screening is just the start of the advantages.

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Bay Property Management Group

DECEMBER 23, 2024

Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. Lets dive in!

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American Apartment Owners Association

DECEMBER 16, 2024

A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. The answer is straightforward: yes, landlords have the legal authority to enter the rental property they own. This raises the question of whether a landlord can let themselves in without the tenants permission.

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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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Real Property Management Chicago

NOVEMBER 30, 2017

Different landlords have different application requirements, but many are expecting very similar things from applicants before they sign a lease. Almost every Chicago property management company will be checking your credit. Most Chicago property management companies and landlords will ask for these.

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BetterWho

OCTOBER 4, 2024

As a property management business owner, the recent lawsuit between the Federal Trade Commission (FTC) and Invitation Homes has raised concerns across the industry. If you’re a property manager, this lawsuit serves as a stark reminder of the growing scrutiny on how property management companies handle tenants and fees.

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Bay Property Management Group

DECEMBER 30, 2024

Furthermore, it allows you to retain ownership of the property while building equity over time. You must stay on top of the house repairs, keep an open line of communication with tenants, and ensure the property meets all legal and safety requirements. Also, you must conduct regular inspections on the property.

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American Apartment Owners Association

SEPTEMBER 19, 2024

Will they continue to damage the property in which they live as they did in their last place? To facilitate the process, be sure to use the AAOA Application to Rent-Comprehensive found in our free forms library. The answers should reveal the type of tenant your applicant will be should you decide to rent to them.

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Fourandhalf

AUGUST 22, 2024

There are many different factors at play when choosing the best property management software for your company: your growth plans, how your company is structured, and what types of properties you manage. The property management industry has changed. Generally speaking, property management software takes care of your operations.

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Bay Property Management Group

JANUARY 1, 2025

Your landlord or property manager could take notice.So, the big question is, how long does an eviction stay on your record? In turn, that damaged credit score can impact your rental application. At Bay Property Management Group, we value transparency and professionalism. Tenants dread evictionsand for a good reason.

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Bay Property Management Group

DECEMBER 12, 2024

It ensures the prospective renter has the capacity to protect your property and fulfill their rental obligations. Therefore, a comprehensive screening procedure can contribute to a successful and stress-free tenancy by reducing risks like non-payment of rent, property damage, and legal problems.

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Bay Property Management Group

DECEMBER 9, 2024

Key Takeaways Seasonal Trends Affect Rental Prices and Availability – Renting during the slow season (OctoberMarch) often offers better deals, such as lower rent, move-in specials, and flexible lease terms, while the busy season (AprilSeptember) provides more options but comes with higher competition and increased prices.

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Apartment Rent Regulation Lease 147

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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Real Property Management Enterprises

JANUARY 9, 2025

The property management industry is evolving, with technology serving a pivotal function in this development. In fact, AI-based technology is fluctuating in almost every way that rental properties are supervised. If you haven’t yet updated your rental properties with smart home technology, this is worth taking into account.

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Authority Property Management

NOVEMBER 29, 2024

This is a subtitle for your new post The property management industry is evolving rapidly, thanks in large part to the development of new technologies. Today’s property managers are no longer relying on outdated methods like paper records or manual tenant tracking. This not only saves time but also ensures consistency.

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Rental Choice

MAY 7, 2024

Landlords have numerous responsibilities when it comes to running a rental property. One of the most important is rental property maintenance. Why Is Rental Property Maintenance Important? Property maintenance for rentals is crucial for several reasons. Finally, rental property maintenance is often required by the law.

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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. All of these are great in improving the value and profitability of rental properties.

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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

JANUARY 14, 2025

Luckily, property managers in DC report that you can use certain methods to check if you have an eviction on your record: Court Records Court records are one of the fastest ways to find out if you have an eviction on your record. When landlords or property managers check your credit report, they might not see an eviction listed directly.

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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. A lease is a binding contract, and signing it commits you to everything it includes.

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Real Property Management Chicago

JUNE 4, 2021

You have made a valuable investment for your future by being a rental property owner in Arlington Heights. Through due diligence, managing your properties is doable while still protecting and growing that investment. This can be applied in a lot of ways when it comes to rental properties. It is done to minimize risk.

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Real Property Management Evertrust

OCTOBER 7, 2024

New landlords often face a steep learning curve, especially when it comes to managing tenants, maintaining property, and navigating legal requirements. While trusting your instincts is important, not screening tenants thoroughly can lead to issues like late rent payments, property damage, or even legal disputes.

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Bay Property Management Group

JANUARY 19, 2025

Experienced property management companies in Baltimore and elsewhere offer this as an option when tenants move in/out midway through the month. With it, if a tenant vacates a property before the end of the month, they only have to pay for the days they were there, and vice versa. Is prorated rent applicable for short-term leases?

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