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Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

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. From setting rental terms to handling maintenance and tenant management owners call the shots. Lets dive in!

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Do Property Managers Pay For Repairs? Here’s The Truth

Bay Property Management Group

Having a property manager as part of the equation can be great, while at the same time it isn’t always entirely clear what falls within the scope of their role, what does not, and what costs the owner still has to pay for. Maintenance is certainly one of the key expenses in which this is a question. Good question.

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A Complete Guide to Renting Out Your House

Bay Property Management Group

Heres some of the main landlord-tenant laws you need to keep in mind : Maintenance: You are legally obligated to keep your rental property habitable. Repair and Maintenance: Address all maintenance issues. As a rule, you should hire professionals to ensure your property is compliant with applicable safety codes.

Rent 147
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What is the Difference Between a Lease and a Rental Agreement?

Bay Property Management Group

In this article, we will explore the following: What is the Difference Between a Lease and a Rental Agreement? These leases often include clauses that protect both parties, such as maintenance responsibilities and rules for breaking the lease. The difference between lease vs. rental agreement is a good example of this.

Lease 147
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What Are Mid-Term Rentals? A Guide For Property Owners

Bay Property Management Group

Contents of the Article What Are Mid-Term Rentals? Mid-term rentals are rental properties that you can lease for a medium-length period. For example, during peak seasons or as demand increases, you could raise the rent to reflect the property’s market value. It can experience less wear and tear over the course of the year.

Property 147
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Selling vs. Renting: How You Can Profit from Real Estate Investment

Real Property Management Chicago

From buying and “flipping” properties to get instant cash to owning rental homes for long-term wealth building, the possible opportunities for making your Glenview real estate investments profitable are seemingly endless. Selling as an Investment Strategy An effective way to profit from rental properties is to buy with a plan to sell.

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Rules for Renting a Room in Your House You Should Know

Bay Property Management Group

By renting out a room, you can help cover your mortgage, property taxes, utility bills, and more. For instance, you could be able to forego repair, maintenance, or property taxes. However, you should consult a tax professional to make sure youre following the law.

Rent 147