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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

In the residential leasing world, May through September are known as leasing season—with July and August typically seeing the most volume. To make the most of leasing season, property managers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals.

Lease 264
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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. AAOA recommends you consult with a financial advisor, tax specialist, attorney or other specialist who is able to properly advise you.

Property 200
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Important Lease Clauses For Landlords

Beach Front Property Management

A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. Why Are Lease Clauses for Landlords Required Clear communication is essential in any business, and a well-written contract removes uncertainty. Numerous websites offer customizable lease templates that let you tailor clauses.

Lease 130
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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. When making leasing decisions, it’s essential to prioritize tenant screening as 80% of landlords believe it to be the most critical factor. Need Legal Help?

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Understanding HOA finances: A practical guide for association managers

Buildium

Utilities and Services Any utilities that aren’t billed directly to individual members will need to be accounted for in the budget. However, if your association includes utility costs in the membership dues, you’ll need to consider the usage rates for the entire community. You’ll also need to budget for attorney fees.

Finance 245
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What to Do If You’re Facing a Rent Increase

Bay Property Management Group

While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. For instance, it depends on your lease type, state and local laws, and any rent control ordinances in your area. Your lease should have terms regarding rent increases, notice periods, and limits.

Rent 147
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Don’t Get Scammed: Know About the Fair Housing Act 

American Apartment Owners Association

CHAT WITH AN ATTORNEY What is a Section 8 voucher? 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? Chat with a real estate lawyer near you.