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What Is a Co-Applicant in a Rental?

Bay Property Management Group

But then you see the word “co-applicant” on the form, and you’re wondering… what is a co-applicant? Main Takeaways What is a co-applicant? Having a co-applicant can boost approval odds shared income and stronger credit can help secure a rental, but missing payments affects both applicants.

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AI in Property Management: What’s Hype vs. What Actually Works?

BetterWho

This article delves into the practical applications of AI in property management, highlights tools making a real impact, and debunks common myths surrounding AI in the industry. In the context of property management, AI encompasses tools and applications designed to automate tasks, analyze data, and enhance decision-making processes.

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What is Rent-to-Income Ratio and Why Should Landlords Care?

Bay Property Management Group

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.

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How to Find Someone to Take Over Your Lease

Bay Property Management Group

Whether your family is growing or you must relocate for work , you may have to break your lease early. For instance, you can give proper notice and also find someone to take over your lease. Today, we’ll go through the process of transferring your lease to a new tenant and tips for finding the right candidate.

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RentCafe websites are a property manager’s best friend

Yardi Breeze

Keep things interesting & fresh RentCafe websites offer features beyond application processing. Streamline the leasing process Full online leasing integration is available for multifamily properties, single family homes and self storage facilities. What about commercial properties?

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A Caution to AI: The Possibility of Fair Housing Violations in Communication and Payments

American Apartment Owners Association

In this article, well explore how AI is reshaping communication and payments in property managementand how to navigate the risks while leveraging the benefits. When AI is used to assess rental applications, there is a risk that it may favor certain demographic groups based on historical trends rather than making neutral, fair decisions.

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Can You Cancel a Lease? Here’s Everything You Need to Know

Bay Property Management Group

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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