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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

First: Leasing has become less profitable, with renters moving less often than they have in previous years. This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. 41% will expand the services they provide.

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Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

Key Takeaways from this Article Role Definitions and Responsibilities : A landlord owns the property and is responsible for key tasks like setting rental terms, maintaining the property, and adhering to legal regulations. A landlord is a person who owns property that they lease to another party in exchange for rent. Lets dive in!

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Due Diligence: How Real Property Management Chicago Group Sets Ourselves Apart

Real Property Management Chicago

This may include getting insurance for your property as well as doing routine maintenance and repairs. In order for your property to meet the legal definition of “habitable” , due diligence is carefully done to make sure that you have all you need to keep liability at its lowest.

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New California Commercial Lease Requirements – SB 1103

Esquire Property Management Group

This new law mandates that landlords and their representatives—across all commercial sectors, including office, industrial, and retail—adapt their leasing practices when engaging with a newly classified category of tenants known as “qualified commercial tenants.”

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Data-Driven Decisions: How Analytics Can Enhance Property Management

Real Property Management California Coast

With the use of data analytics, managers and homeowners can discover beneficial insights from rental prices and tenant behavior to maintenance efficiency and marketing effectiveness. Efficient Maintenance and Repairs Property maintenance and repair are prevalent pain points for rental property owners and managers.

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Modified Gross Lease: What You Need to Know

Authority Property Management

Getting into a lease agreement without paying attention to detail can potentially put you in a position where you’d be held over a barrel. It is important to ask questions, seek professional counsel, or educate yourself before you opt-in on a lease agreement. Worth noting is the fact that modified gross leases are not always identical.

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What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? What is Common Area Maintenance (CAM)? How does Common Area Maintenance work?