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If you’ve ever asked, “What is KPI in property management?” KPI stands for Key Performance Indicator , and in the property management business, its your north star. These metrics are how successful property managers track progress, identify weaknesses, and make data-driven decisions.
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The AAOA Rental Housing Conference is just days away on October 16 , offering a powerhouse lineup of expert speakers ready to share vital knowledge for property owners and managers. Learn whats driving the rising costs and how you can protect your properties while mitigating premium hikes.
As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. there are rent control laws that affect some rentalunits.
The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. Just as you are placing your faith in a new tenant to pay their rent on time and respect your property, they are placing their trust in you that you will keep them safe while providing them with a habitable home.
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Part of being a rentalproperty owner or manager is understanding the local and state rent increase laws. Below are the top reasons a landlord or property manager may choose to increase rent: Staying competitive with the local market. Property renovations or improvements. Property renovations or improvements.
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in a rentalunit. Violating community health and safety standards: Letting a rentalproperty get so dirty it attracts rodents or insects, which may make other tenants feel unsafe. Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property.
in a rentalunit. Violating community health and safety standards: Letting a rentalproperty get so dirty it attracts rodents or insects, which may make other tenants feel unsafe. Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property.
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We all agree, tenants, property managers and landlords, that housing affordability is a problem that affects all of us one way or another, but for many of us rent control is not the answer, due to its many disadvantages. 6- Rent control policies negatively impact property values and therefore property taxes and City and County revenue.
The process of moving in and out of a rentalproperty can be challenging for both tenants and landlords, but it doesn’t have to be. As Gardena property managers , we have some systems in place that allow for both the move-in and the move-out to be automated, efficient, and easy.
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For our valued small landlords, particularly those who own no more than two residential properties with up to four rentalunits, there's a bit of leeway. Remember, this applies only if the property is owned by an individual, a personal LLC, or a family trust. For landlords, the landscape is becoming more complex.
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State the reason for termination explicitly, using legally recognized grounds like non-payment of rent, lease violation, or property damage. Consulting with a local housing attorney can help you anticipate and avoid these roadblocks. The property should also be free from serious hazards. At Property Management Inc.,
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You buy an investment property, find tenants and collect the rent. And when your property is located in another city or state far from where you live, the job becomes even harder. Being an absentee landlord for a property outside your immediate area adds even more time-consuming responsibilities. They call it passive investing.
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