Buildium

FEBRUARY 14, 2025

But their definition of what qualifies as significant versus slight growth has changed. What we saw was a change in how much those companies plan to expand. Just as many companies told us that they plan to grow by a significant amount over the next two years.

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Buildium

MARCH 19, 2025

Heres a quick breakdown of those definitions. This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. What Counts as Rental Income? Rental income includes all the payments you receive from tenants.

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Bay Property Management Group

APRIL 2, 2025

In that case, it’s definitely important to check out the attics, basements, and even empty units. They might be secretly living there, even between leases. And yes, its definitely illegal. If you do regular inspections, you can also identify any maintenance issues early and prevent small problems from escalating.

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Bay Property Management Group

FEBRUARY 18, 2025

So, always check whats included both in the listing ad and your lease agreement to avoid any surprises! Disadvantages of Utilities-Included Rentals Having utilities bundled with rent is definitely convenient. Before signing the lease, you can consider these potential drawbacks to make sure its the right fit for you.

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Bay Property Management Group

DECEMBER 23, 2024

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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American Apartment Owners Association

FEBRUARY 6, 2025

Small homes = big profits Leasing tiny homes is one of the latest trends in the rental business. Whichever dcor you choose, tiny homes by definition are less expensive to build and decorate, making it easier to afford higher quality furnishings and hardware. All of your policies need to be incorporated into your lease.

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Real Property Management Chicago

JUNE 4, 2021

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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Bay Property Management Group

MARCH 18, 2025

Your Personal Financial Profile: While the economy definitely affects mortgage rates, your finances matter, too. We can maximize your returns with in-house accounting, inspections, maintenance, lease enforcement, legal compliance, and more. Lenders look at: Your Credit Score Having a high score (740+) gets you the best rates.

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Esquire Property Management Group

OCTOBER 9, 2024

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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Authority Property Management

MAY 3, 2022

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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Real Property Management DC Metro

NOVEMBER 21, 2024

Thankfully, a handful of easy, proven strategies can be highly relevant in keeping residents gratified and quite happy to renew their leases regularly every year. Keep the Property Well-Maintained Besides cultivating a positive relationship with your renters, staying on top of your property maintenance and repairs is as well important.

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MRI Software

NOVEMBER 28, 2023

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?

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Real Property Management Chicago

AUGUST 27, 2021

Then again, if you say that the definition of an asset is a means of generating cash flow, it might be that your most valued asset isn’t your property but your tenant. A good tenant will not only respect and follow the terms of their lease but will do so with vigilance and common sense.

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Real Property Management DC Metro

MAY 13, 2022

As a Georgetown property owner, it is very important to grasp well who is responsible for what in the matter of basic rental property maintenance. To keep your rental property in tip-top condition and profitable, it’s significant to have a proactive property maintenance system in place.

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Real Property Management California Coast

JANUARY 10, 2025

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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Bay Property Management Group

DECEMBER 2, 2024

Main Takeaways If your home’s maintenance problem impacts your safety and health, your landlord is legally required to fix it. To be clear, tenants are on the hook for bringing any maintenance concerns to the landlord’s attention. When Aren’t Landlords Liable for Maintenance Issues?

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Real Property Management DC Metro

SEPTEMBER 27, 2024

Conceding that some of these reasons may be personal, there are definitely a few many people who prefer to rent their homes share. Normally, tenants do not have to pay for maintenance and repairs, property taxes, or come up with a down payment to buy a house. These include: No additional costs. Offer attractive terms.

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Real Property Management Choice

APRIL 25, 2024

Assembling a list of essential maintenance tips is a good idea because as most landlords know, a well-maintained home attracts high-quality residents, brings in higher rents, contributes to tenant retention, and leads to a more profitable investment experience. Even better…preventative maintenance can be a money saver.

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American Apartment Owners Association

JANUARY 27, 2025

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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Real Property Management Choice

MAY 23, 2024

Let’s get started so you know how to structure your lease, your marketing, your screening , and your entire rental management plan in a way that keeps you in compliance. Unlike Costa-Hawkins, AB 1482 does not set a definite date after which you are exempt. A breach of a material term of the lease. Time will tell.

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Real Property Management Choice

MARCH 23, 2018

And although at some points you feel nervous, after finishing the ride you know it was definitely worth the wait. As you find your first tenant and progress through the leasing process, your ride begins. As the ride zips off, taking you through twists and turns and ups and downs, you feel exhilarated.

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Nest DC

JUNE 9, 2023

As such, we recommend making the list in your lease comprehensive. Common reasons for security deposit deductions included in Washington DC leases include: Unpaid rent, utilities, or late payment fees Cost of repairing damages exceeding standard wear and tear Cleaning costs In Washington D.C., But with practice, it gets easier.

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American Apartment Owners Association

SEPTEMBER 2, 2022

Passive by definition is, not active. Between looking for properties, acquiring them, marketing, property management, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! Youll be plenty active as a real estate investor.

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American Apartment Owners Association

SEPTEMBER 2, 2022

Passive by definition is, not active. Between looking for properties, acquiring them, marketing, property management, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! Youll be plenty active as a real estate investor.

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Real Property Management DC Metro

SEPTEMBER 2, 2022

This can be a definite time-saver for you as the new owner because you won’t need to spend time and money marketing the property and screening potential tenants. You’ll be responsible for any repairs or maintenance issues during their tenancy.

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Real Property Management DC Metro

FEBRUARY 17, 2022

Usually when many beginning Michigan Park investors think about buying a single-family rental property, what mostly comes to mind are the operational aspects of the investment: finding tenants, managing property maintenance, and collecting rent. These transfers frequently arise when the heirs of a deceased property owner inherit the property.

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Real Property Management DC Metro

JUNE 24, 2022

You can at once send attachments with your email, which is useful if you want to send your tenants a copy of their lease agreement or other important documents. Texting can be appropriate for sending quick reminders with regards to things such as rent due dates and maintenance appointments.

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Authority Property Management

NOVEMBER 30, 2022

Wrap Up Major and Minor Maintenance Issues One thing we've definitely learned over the years is that tenants don't want to live in a rental property where they are always having to call their landlord about one maintenance problem after another. Rather than having your phone ringing at 3 a.m.

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Bay Property Management Group

FEBRUARY 2, 2025

You might know them by the more common term “tenants” They enter into a lease agreement with the landlord, which is basically a contract that spells out both parties’ rights and responsibilities. Now, leases can be sensitive. This means regular cleaning and maintenance.

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SparkRental

NOVEMBER 14, 2024

As terms in real estate investing go, the blanket mortgage definition is pretty simple. Some investors refer to blanket mortgages as portfolio loans, but portfolio loans have another definition: loans held privately on a lender’s portfolio. Enter: blanket mortgages. What Is a Blanket Mortgage? Your business plan is also useful.

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Real Property Management California Coast

FEBRUARY 14, 2025

All of this will let you attract and keep the high-quality renters you decide to lease to. You can actually ask satisfied tenants to leave reviews at pleasant times, as for example after youve completed a maintenance, upgrade, or repair request. This will definitely backfire and cause you to lose credibility.

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Authority Property Management

JUNE 27, 2021

As a landlord, you can definitely have perfect tenants, and it can be great; however, the possibility for this to happen lies in the ability to properly screen your tenants and market your properties. A lease agreement should be the first point to establish and set expectations. You’re violating our lease.”

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Second Nature

DECEMBER 2, 2024

It forces you to consider industry trends that you may not feel the impact of immediately but will definitely affect the viability of your business in the future. This could be anything from rent collection and lease renewals to maintenance requests and property inspections. Short-term goals should ladder up to long-term goals.

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Authority Property Management

JULY 12, 2022

If you ever feel like you’ve had enough of a particular place, it’s a lot easier to break a lease, and move across the country than it is to sell a house. This is definitely better than the regret that comes from buying a house you wish you didn’t buy. Renting gives you the freedom to choose where you would want to live.

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Rent Single-Family Home Utilities Lease Agreement 52

Authority Property Management

JUNE 21, 2019

One of the biggest advantages of living in a rental property is that there are very few maintenance responsibilities if any. Even though you’re a renter with a lease, you’ll still treat your rental like it’s your own home. Your lease might even require you to maintain the filters. What Should Renters Worry About HVAC Filters?

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Our Little Lifestyle: Airbnb

AUGUST 18, 2024

On the other hand, when you are filing your income taxes, the IRS has different definitions and rules for rental income earned from the two. Decide if you want to have the option to use the property for personal use or seasonal maintenance during those slower months. Long-term guests may mean less frequent cleaning and maintenance.

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Airbnb Tenant Rental Income Regulation 57

Renjoy

MAY 31, 2023

From a host’s perspective, managing short term rentals can be time-consuming and stressful, requiring constant communication with guests, coordinating cleaning and maintenance, and dealing with unexpected issues that may arise. What kind of properties qualify as a short-term rental? It depends on what your city allows.

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