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The pros and cons of a property management franchise

Buildium

In this article, well explore some things you should keep in mind if youre thinking about being a property management franchisee. The franchise will have already set up best practices for business operations, marketing, branding, tenant and owner experience, and so on. In return, you run the business under the parent companys branding.

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Deceased Owners In HOA: A Look At Different Possible Scenarios

HOA Managememt

The HOA may work with the estate or heirs to ensure compliance. Renters must comply with community rules, and the property owner (or estate) is responsible for ensuring tenant compliance. This might include levying fines or pursuing legal remedies if tenants fail to follow HOA rules. Squatters Rights In The U.S.

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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

In this article, we’ll cover the core tax tips every landlord should knowfrom what counts as rental income to how to track your expenses and deductions. After all, youre managing tenants, maintaining the property, and, of course, getting income. If your tenants give you services or goods instead of cash for rent, that counts too!

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Is Real Estate Investment Trusts a Good Career Path?

American Apartment Owners Association

”this article will walk you through everything you need to know. Here are some of the most common roles: Property Manager Salary Range : $35,000 $90,000 Handles daily operations, maintenance, and tenant relationships. These companies provide a way for individuals to invest in real estate without directly managing properties.

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4 Ways to Attract Long-Term Tenants in a Competitive Market

Bay Property Management Group

Working to successfully attract long-term tenants is often more challenging than it seems. From time to time, landlords may be plagued with tenant turnover, despite their best efforts.While its hard to predict whether a tenant will stay long-term at the outset, certain factors can help increase the chances of tenant longevity.

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Rental Yield: What It Is and How It’s Calculated

Bay Property Management Group

In this article, we’ll break down exactly why your rental yield is essential to use, how to find it, and finally, how to calculate it for your property. We can handle inspections, legal compliance, maintenance, repairs, and so many other responsibilities that are necessary for retaining tenants and your property’s value alike.

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

Rental Housing Journal

AI tools and the possibility of fair-housing violations in communication and payments with tenants and how to navigate the risks. In this article, well explore how AI is reshaping communication and payments in property managementand how to navigate the risks while leveraging the benefits.