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Rental Scams: What Property Managers Must Do To Prevent Listing Fraud

Property Management Inc.

For a property manager, fraud not only costs you time and money, it also damages your reputation, which can result in poor word of mouth that takes a bite out of your revenue later on, even years down the line.

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How to handle difficult tenants

MRI Software

Effective strategies to encourage timely payments and maintain a positive landlord-tenant relationship include: Late fee policy: Clearly communicating a late fee policy in the lease agreement can help deter late payments. Property damages Dealing with property damage can be trickier than other lease violations.

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What Does a Property Manager Do?

California Pacific Realty

Once they receive applications, property managers conduct a detailed screening process, which includes background checks, credit reports, and rental history verification, to ensure the tenants are trustworthy and have sound financial standing. Industrial Property Managers. Legal and Regulatory Complexity.

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Fair Housing Compliance for Landlords: Mitigating Risks and Protecting Your Business

RL Property Management

Operational Disruptions Non-compliance doesnt just impact your financesit can also disrupt your ability to manage properties effectively. For landlords managing properties on their own, these challenges can be daunting. This can lead to delayed maintenance, tenant dissatisfaction, and, ultimately, higher vacancy rates.

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How to Become a Property Manager: 8 Steps to Kickstart Your Career

Tokeet

Steps on How to Become a Property Manager In this article, we’ll guide you through the steps to kickstart your career in property management. Step 2: Get Educated To succeed in property management, getting the right education is important. Focuses on residential property management practices.

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US Short-Term Rental Tax FAQs

Hospitable

"You own the property in an LLC, that LLC will more than likely either be disregarded tax-wise, meaning it doesn't file any taxes, which is nice because it doesn't add to your tax return burden at the end of the tax year, or the beginning of the following year. Or it will be taxed as a partnership," Jeff explains.

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How to Handle Rent Increases in Colorado Spring’s Rental Market

Muldoon Associates

Your tenants will feel comfortable that they’re still getting value by renewing the lease agreement. Timing Your Rental Increase and Documenting the Amount Check your lease agreement before you increase the rent. Be sure to document everything related to the rent increase and the renewal of the lease.

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