Tue.Oct 01, 2024

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How a Month-to-Month Lease Agreement Works in Norfolk, VA

Osprey Property Management

Originally published September 2021. Updated October 1, 2024. Rental property owners in Norfolk, VA, know it's important to understand how month-to-month lease agreements work. Unlike a long-term lease, a month-to-month agreement is automatically renewed unless either the tenant or landlord provides notice of non-renewal. Many property investors incorporate a monthly option into their leasing process, but how does this work when thinking about your long-term real estate investment goals and navi

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ADDA Community Times – September Edition

ADDA

Let’s dive into this edition of ADDA Community Times! Breaking News: Residents move away from data-hungry management apps!! Times Property Reports: “ Many Community Apps are misusing this space, spamming residents, using residents’ personal information without their explicit consent for selling products like insurance”. Read More at: [link] From Times Property – “ Many Community Apps are misusing this space, spamming residents, using residents’ personal information without their explicit c

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The 15 Best Places to Buy a Condo for Investment in the US

Mashvisor

No one can deny that investing in real estate is a great way to make money.

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How to Reach FIRE Based on Your Income ($45K – $100K/Year)

BiggerPockets

What does it mean to “win” financially in your income bracket?

IT 59
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Tip of the Week: Document Property Condition Before Tenants Move In

California Leasing & Management

As a landlord or property owner, ensuring the protection of your rental property is one of your top priorities. One of the best ways to protect your investment is by thoroughly documenting the condition of your property before tenants move in. At California Leasing Property Management, we strongly recommend taking detailed photos and notes as part of your move-in process to avoid any disputes and safeguard your property.

Tenant 59
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Property Management Outsourcing Services: Benefits and Cost

Second Nature

Property management services have changed by leaps and bounds over the past 5-10 years. And property management outsourcing services have grown along with it. While the traditional approach to property management simply provided the basics – maintenance, rent collection, etc. – entrepreneurial PMs saw a massive gap in that value proposition and have transformed the real estate industry.

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REIT vs real estate crowdfunding: An investor’s perspective

MRI Software

As an investor, the idea of earning a steady monthly income from rental properties can be very appealing. However, real estate investing comes with challenges. You’ll need to manage maintenance costs, deal with tenants, pay taxes, and handle other financial responsibilities. The initial investment can also be high, especially in commercial real estate, making it difficult to gather the necessary funds.

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Ecotourism in the Short Term Rental Industry: Top 11 Destinations

Avantio

Key Takeaways The ecotourism market is projected to reach $428.97 billion by 2028, offering property managers a lucrative opportunity to attract eco-conscious guests through sustainable practices. Ecotourism supports conservation and local communities, and property managers can enhance community well-being by adopting eco-friendly practices and promoting local culture.

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Why is facilities management important in the hospitality industry?

MRI Software

Facilities management plays a critical role in the hospitality industry, ensuring that properties run smoothly, guests are satisfied, and operations remain cost-effective. From maintaining essential systems to managing guest services, the functions of facilities management are key to a hotel or resort’s success. MRI Software offers innovative facilities management software solutions designed to streamline these operations, allowing you to effectively manage maintenance, safety, and compliance.

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Levels of service in asset management

MRI Software

Understanding the intricacies of asset management is crucial for maintaining and enhancing the value of your assets. A pivotal aspect of effective asset management is the concept of levels of service, which serve as a cornerstone for strategic planning and decision-making. In this post, we explore the significance of levels of service within asset management planning, highlighting their critical role in ensuring organizational success, not only for optimizing fixed asset performance but also for