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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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. A property manager is an individual or firm that takes on the day-to-day responsibilities of managing a rental business – allowing landlords to take a step back. What Is a Landlord? But that also means they take on all the stress.

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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

JANUARY 27, 2025

Rental income potential Purchasing a multifamily property often leads to a far better return onreal estate investment (ROI)than other passive forms of investing. Your rental income, operating costs and the amount of your mortgage loan are factors that influence your ROI.

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MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. It can disrupt your rental income and make finding new tenants quickly a challenge. Knowing how to handle these situations efficiently helps landlords minimize financial risks and maintain a stable rental business.

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MRI Software

MARCH 1, 2025

Lease agreements are a fundamental aspect of managing rental properties, helping to establish clear terms and protect both landlords and tenants. Whether you’re an experienced property owner or new to renting, choosing the right lease agreement is essential for maintaining a smooth and profitable rental operation.

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MRI Software

FEBRUARY 12, 2025

Residential management services focus on professionally overseeing rental properties to ease the landlords responsibilities. These services typically include tenant screening, lease management, rent collection, and property maintenance, among others. These efforts create a positive rental experience, encouraging tenants to stay longer.

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California Leasing & Management

JANUARY 2, 2025

Owning a rental property can be a rewarding investment, but maximizing its potential often requires time, expertise, and a proactive approach. At California Leasing Property Management, we understand the unique needs of property owners in Santa Clarita and the surrounding areas. However, with Full Service, we dont stop there.

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MRI Software

FEBRUARY 10, 2025

Managing tenant turnover can be one of the most challenging aspects of rental property management. For landlords and property managers, effective residential leasing management is essential to reduce vacancies, attract quality tenants, and maintain a steady rental income. What is residential leasing management?

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Real Property Management Choice

AUGUST 16, 2018

When it comes to owning rental property in Los Angeles, there are a few things that professional property managers wish property owners knew about the overall leasing process. The Price is Right When it comes to determining the price of your rental property, it should be weighted carefully against similar rental homes in the market.

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Muldoon Associates

NOVEMBER 7, 2024

You need to get a resident in place who is dependable, financially able to pay rent, and willing to follow the lease terms and take care of your property. Avoid the most common tenant screening mistakes by having a good application in place. Make sure your lease agreement is clear and consistent. Be responsive.

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Rental Choice

MAY 7, 2024

Dividing Responsibility: Rental Property Maintenance for Landlords and Tenants While rental maintenance is usually the landlord’s responsibility, some things fall under the tenant’s duties. Often, landlords outline the tenant’s maintenance responsibilities in the lease.

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American Apartment Owners Association

NOVEMBER 2, 2022

The 1 percent rule is another common one among rental property investors. The way it works is a propertys rental income should be at least 1 percent of its purchase price. For example, if you purchased a rental for $100,000, the total rent should be $1,000 minimum. Rent is a primary income source.

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American Apartment Owners Association

NOVEMBER 2, 2022

The 1 percent rule is another common one among rental property investors. The way it works is a propertys rental income should be at least 1 percent of its purchase price. For example, if you purchased a rental for $100,000, the total rent should be $1,000 minimum. Rent is a primary income source.

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RL Property Management

FEBRUARY 17, 2025

Listing the property on rental platforms, creating professional photos or videos, and promoting it to reach potential renters all come with costs. Resdient Screening Finding a high-quality residentinvolves screening applications, running credit checks, performing background checks, and verifying references.

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Real Property Management Choice

AUGUST 2, 2015

Follow strict policies and procedures from applicant screening to rent collection. We don’t just qualify an applicant to get the property rented faster. If they don’t do that now when they’re trying to be the best possible applicant, how are they going to be when they are supposed to pay their rent?

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InveServe

NOVEMBER 5, 2024

Unlike single-family homes, multifamily properties generate multiple rental incomes from a single investment, providing a stable revenue stream. Lower Vacancy Risks : A higher number of available units makes it easier to maintain high occupancy rates, ensuring a steady rental income stream.

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MRI Software

MARCH 26, 2025

These investments let you benefit from rental income and property appreciation without the headaches of active property management. How multifamily syndication returns generate passive income Passive investors in syndications earn returns in two primary ways: rental income and property appreciation.

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Real Property Management Choice

MARCH 28, 2024

The right residents pay rent on time, take care of the rental property, follow the terms of the lease agreement, and communicate openly and transparently. Also, you have to follow all fair housing laws and screen all applicants consistently and against the same criteria. Most tenants will expect an online application.

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Authority Property Management

AUGUST 9, 2024

This consistent demand is a testament to our effective property management strategies and the attractiveness of our rental offerings. Quick Turnover: We’re renting units quickly, ensuring minimal downtime and maximizing rental income for property owners. A well-prepared property is more likely to attract quality tenants quickly.

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Nest DC

OCTOBER 24, 2023

In this blog, we will dive into common concerns about rentals such as bad tenants, property damage, legal disputes, vacancy, and loss of income. Bad tenants: Worry over problematic tenants is why many homeowners decide against renting, but we’re here to reassure you: leasing to bad tenants isn’t the norm.

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American Apartment Owners Association

NOVEMBER 2, 2022

Follow HOA rules where applicable. Types of property maintenance – What you should know One way you can stay on top of rental property maintenance is by keeping a seasonal rental property maintenance checklist. Landlords should inspect their rental properties at least once a year.

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American Apartment Owners Association

NOVEMBER 2, 2022

Follow HOA rules where applicable. Types of property maintenance – What you should know One way you can stay on top of rental property maintenance is by keeping a seasonal rental property maintenance checklist. Landlords should inspect their rental properties at least once a year.

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Real Property Management Choice

AUGUST 2, 2015

LEASE AND ADDENDUMS The lease is obvious. You should always have a lease, even if the tenant is a family member or friend, and that lease, as well as the property file, should be kept for at least one year after the termination of the rental agreement.

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Real Property Management California Coast

NOVEMBER 16, 2018

The wrong monthly rate is problematic for two reasons: you might struggle with renting your property out if the rent’s too high, but if it’s too low, you’d be losing rental income each month or even possibly having prospective residents thinking that there are problems with the property.

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Authority Property Management

DECEMBER 3, 2015

How to Prepare Your Property for Rent in Redding CA If you have rental property in Redding, CA a burgeoning city and the seat of Mt Shasta in Shasta County you stand a great chance of making a good rental income. However, you will need to know how to prepare your rental property for rent in Redding CA.

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Florida Property Management

JUNE 26, 2020

We work with you to prepare your property for the market, and we might make some recommendations on what you can do in terms of updates, upgrades, and landscaping to earn more rental income and attract better tenants. Lease enforcement. There will be a thorough inspection to document the condition of your property.

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MRI Software

SEPTEMBER 7, 2024

Multifamily property insurance is your first line of defense, covering everything from physical damage to liability claims and lost rental income. Plus, it can cover loss of rental income if your property becomes uninhabitable due to a covered event. Liability 53% Fire damage 52,3% Wind-driven damage 28.5%

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Florida Property Management

SEPTEMBER 11, 2023

A thorough screening process helps identify applicants with a history of late payments, unpaid rent, or eviction records. By selecting tenants with a strong financial history and a track record of responsible tenancy, you can significantly reduce the likelihood of income disruptions and costly legal proceedings.

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Real Property Management Choice

NOVEMBER 1, 2019

In case of a vacancy, it is the job of the Inglewood property manager to market the property well and thoroughly screen applicants, meeting with them to show the house as well as managing the application process from start to finish. Any rental house has to be safe and habitable before it can be profitable.

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MRI Software

OCTOBER 23, 2023

Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Utilizing multifamily property management software with multifamily AI can significantly enhance the safety and security of your properties.

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MRI Software

MARCH 22, 2025

Whether youre leasing up a new development or working to retain long-term residents, marketing plays a crucial role in keeping your units filled. Maintaining strong multifamily occupancy rates is key to long-term financial stability, and strategic marketing efforts help minimize vacancies while ensuring steady rental income.

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MRI Software

NOVEMBER 6, 2024

While single-family mortgages are based largely on your personal credit and financials, multifamily lending revolves around the property’s ability to generate income. Lenders want to see strong financials, consistent rental income, and a solid plan for managing the property. What are the key factors lenders consider?

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Young Management

MARCH 14, 2024

For landlords, it’s a way to adjust rental income, often in response to market conditions or to cover increased property expenses. How Much Notice Should You Give It’s generally not permissible to implement a rent increase until the current lease term concludes. This holds true for all forms of rental contracts.

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InveServe

DECEMBER 10, 2024

Understanding Your Ideal Tenant Before attracting the ideal tenants and maximizing your rental income , you need to define who they are. This can influence the type of lease agreements you offer and the level of turnover you can expect. Ask for feedback and address any concerns before the lease expires.

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MRI Software

DECEMBER 16, 2024

It covers risks like damage to the building, loss of rental income, and liabilities if someone is injured on the property. Landlords residential property insurance protects not just the building but also your financial stability, ensuring youre prepared for events that could interrupt your rental income or lead to costly lawsuits.

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MRI Software

FEBRUARY 9, 2025

Percentage-based vs. flat fees Percentage-based fees are calculated as a percentage of your monthly rental income, typically ranging from 5% to 10%. This structure incentivizes management companies to maximize rental income, making it ideal for mid-range properties. These are often based on property size and complexity.

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