article thumbnail

Renters’ Liability Insurance: What It Is and How It Works

Bay Property Management Group

If you’re wondering what renters’ liability insurance is, how it works, what it covers and costs, and most importantly, whether you truly need it, we’re here to help. This article will answer all those questions. Let’s get started. What Is Renters’ Liability Insurance? Thats on you. Lets break it down: 1.

Insurance 147
article thumbnail

Distressed Property: What It Is And How To Invest

Bay Property Management Group

In the world of property management in Philadelphia PA , we often come across properties with stories that took an unexpected turnthese are what we call distressed properties. These homes are typically under foreclosure, in pre-foreclosure, or have already been repossessed by a lender or bank. But what actually makes a property distressed?

IT 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding HOA finances: A practical guide for association managers

Buildium

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. In this guide, we give you the full HOA finances picture. What are HOA Finances? Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity.

Finance 245
article thumbnail

Rental Yield: What It Is and How It’s Calculated

Bay Property Management Group

A high yield can make it easier to secure loans or get better financing options for future investments. This tool helps investors determine how much income a property generates in relation to its cost. In turn, this offers a clear, succinct snapshot of a property’s profitability. What Is the Rental Yield (and Why Does it Matter?)

IT 130
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Taking your time and doing your due diligence when considering a particular investment property will always be a crucial step. Get started by viewing .

Property 200
article thumbnail

Best Property Management Software for 2025

American Apartment Owners Association

Property management software (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances. Handles Expenses & Finances: Accounting integrations can simplify tax season. But with so many property management tools available, how do you choose the right one?

article thumbnail

Best Landlord Accounting Software in 2025

American Apartment Owners Association

For some, this may mean working out more often or starting a new hobby, but for otherslandlords and property managersit means organizing finances and preparing for the upcoming tax season. Tedious processes like tracking, organizing, and managing your finances are automated, freeing up your time to manage other aspects of your business.

Landlord 130