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7 DOCUMENTS EVERY LANDLORD SHOULD HAVE ON FILE

Real Property Management Choice

As a landlord, if you haven’t given much thought to the documents you keep—and those you discard—you risk being unable to defend your position in a dispute or pursue the tenant to collect damages in the event that becomes necessary. If you decide to keep these applications, Please be sure to store them securely. When did he or she pay?

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Understanding Milwaukee Short-Term Rental Laws for Hosts

Host Tools

Getting your property licensed To operate legally, you need to obtain a short-term rental license from the City of Milwaukee. The licensing process typically involves providing proof of ownership (or landlord permission), meeting safety requirements, and paying the application fees. These fees must be renewed annually.

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How to Set Up Your Property for Airbnb

AirKeeper

Obtain Necessary Permits and Licences: Many regions require specific permits or licences for short-term rentals. Make sure you apply for and obtain all the necessary documentation before listing your property. Maintain Detailed Financial Records: Keep accurate records of your rental income and expenses.

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HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

High tenant turnover can be expensive, not only because of the vacancy but also because of the costs associated with finding new tenants, preparing the property for move-in, and potential lost rental income. Have them change the air filter and note what size it is if you don’t already have that documented.

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How a Property Management Company Helps in Eliminating the Mistakes Made by Landlords?

Real Property Management Choice

Failure to create a solid rental agreement If a landlord is renting out their property without any solid agreement, it will lead to much more serious legal trouble. Landlords don’t have to worry about any legal documents if they hire a property management company in Redondo Beach.

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Commercial Real Estate – Binding Letter of Intent, Or Not?

Esquire Property Management Group

A Commercial Real Estate Letter of Intent (LOI) is a document that is designed to outline the terms and conditions of a “potential” commercial real estate transaction between a buyer and a seller. Trust, 631 F. 3d 1058 – CA Court of Appeals, 9th Circuit 2011 ; Copeland v. Baskin Robbins USA, 117 Cal.

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Why Working with a Westside Property Management Firm is the Best Way to Boost Financial Success

Real Property Management Choice

While the end product is rental income, there is a lot involved. When it comes to keeping track of your rental property financial information, you can trust them to be accurate, timely, and compliant with all regulations. You get an array of services in exchange for a small percentage of your monthly rental income.