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Guide to Rental Bookkeeping

ADDA

This includes rent collection, expenses like maintenance and repairs, utility bills, mortgage payments, and any other costs related to the management of rental properties. By maintaining accurate records, landlords can easily monitor the profitability of their properties, plan for future expenses, and ensure compliance with local regulations.

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Property Management KPIs You Should Track

MRI Software

Effective KPI monitoring provides valuable insights that enable property managers to make informed decisions, streamline processes, and ultimately, improve overall performance. Rental Arrears Refers to tenants who have missed rent payments or paid late. Operational KPIs for Property Management 1. Risk Management KPIs 1.

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What is residential property management? Roles and responsibilities explained

MRI Software

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

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New Jersey Laws for Rent Increases: When to Do it and How Much

Property Management Inc.

New Jersey rent control regulations vary by municipality, and failing to adhere to these local rent control laws can lead to disputes with tenants or even legal penalties. Work with a Property Management Company – A professional property management firm can ensure compliance with jersey rent control laws.

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Active vs. passive property management

MRI Software

Choosing the right property management approach can significantly impact the success of your real estate investments. In this blog, we’ll explore the key differences between Active and Passive Property Management, helping you determine which method aligns best with your investment goals.

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How DC Multi-family Real Estate Investors Benefit from Hiring Property Management Experts in 2023

Nest DC

Enter an experienced property management company to protect your investment and peace of mind. In this blog post, we'll explore the benefits of hiring a property manager for a multi-family investment property in Washington, DC.

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How to Become a Property Manager: 8 Steps to Kickstart Your Career

Tokeet

These licenses often require additional coursework and exams focused on property management. Business License : In some areas, property managers must obtain a business license to operate legally. This ensures compliance with local business regulations and tax requirements. Read here how to get a real estate license in 8 steps.