Lula

MARCH 13, 2024

A lease renewal is the process of establishing a new rental agreement with the current tenants. If you’ve dotted your i’s and crossed your t’s as a landlord or property manager, and you’ve checked out the advice in our guide for improving resident retention in rental properties , you very well may have a lease renewal on your hands.

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Beach Front Property Management

SEPTEMBER 26, 2024

A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. Why Are Lease Clauses for Landlords Required Clear communication is essential in any business, and a well-written contract removes uncertainty. Numerous websites offer customizable lease templates that let you tailor clauses.

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Bay Property Management Group

NOVEMBER 18, 2024

There are all kinds of reasons why someone would need to break their lease. How can you break your lease without penalty? Here are some common ways in which someone might find a way to break their lease without penalties. Early Termination Cause Leases can vary a lot. Life gets in the way, right? Good question!

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Bay Property Management Group

DECEMBER 5, 2024

Unfortunately, you may face penalties for breaking a lease. As such, weve mapped out what those consequences entail, how to possibly reduce them, and instances when you can break a lease without a penalty altogether. Read below for more information. What Are the Penalties for Breaking a Lease?

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American Apartment Owners Association

NOVEMBER 21, 2024

It will help landlords and property managers make informed decisions about who to rent to. As a legal document, the application includes basic information as well as a series of specific questions that help you decide which applicants are a good fit for your property and which you should turn away. Credit and banking information.

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Buildium

JANUARY 10, 2025

You can follow the advice below to make an informed purchasing decision that benefits your business in the long term. Automated Processes: Tasks such as rent collection, lease renewals, and maintenance requests, which you may be handling manually, can be automated, reducing your teams workload and minimizing errors.

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American Apartment Owners Association

SEPTEMBER 16, 2024

In arent comp report, you can analyze the performance of these similar properties and use that information toprice your rental. Need a Lease Agreement? Access 150+ state-specific legal landlord forms, including a lease. A rent concession is used to incentivize renters to sign a new lease orrenew an existing lease.

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American Apartment Owners Association

DECEMBER 9, 2024

Need a Lease Agreement? Access 150+ state-specific legal landlord forms, including a lease. Include Essential Information Ensure that all essential information is included, such as rental price, security deposit, lease terms, and utility details. Different platforms attract distinct demographics and property types.

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Real Property Management Chicago

DECEMBER 20, 2024

Fortunately, a few basic, effective strategies can significantly keep residents happy and willing to renew their leases year after year. However, you can cautiously screen your applicants before signing a lease. Provide Incentives for Lease Renewal To encourage lease renewals, it is advisable to reward your current resident.

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American Apartment Owners Association

DECEMBER 16, 2024

In this blog post, we’ll explore the following: Understanding Why Tenants Leave Rising Supply, Increasing Competition for Residents 8 Tips to Minimize Tenant Turnover Understanding Why Tenants Leave Before diving into retention strategies, it’s crucial to recognize the common reasons tenants choose not to renew their leases.

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Real Property Management California Coast

JULY 27, 2024

Being informed about these rules empowers you to decide on the amount to charge and the proper use of the security deposit after the tenant moves out. Other valid reasons to keep a tenant’s security deposit are cleaning costs, unpaid bills, and in certain cases, a broken lease or nonpayment of rent.

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MRI Software

SEPTEMBER 5, 2024

Lease management software is used by real estate teams to oversee the management of their lease portfolios, from keeping on top of administration and accounting to making strategic decisions about contract renewals. Why do you need lease management software? Lease management is a high-risk area for businesses.

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American Apartment Owners Association

DECEMBER 20, 2024

This information promotes amicable relationships and reduces the likelihood of legal conflicts. However, this isn’t always the case; emergencies, scheduled maintenance visits, and regulatory inspections should all be planned after the renter has been adequately informed. They must do so impartially and by the lease conditions.

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Bay Property Management Group

JANUARY 5, 2025

We provide the information you need to assess your financial situation and find the right property management support. Prepare a Rental Agreement After getting your house in order, your next step is crafting a rental lease. It would be a good idea to work with a lawyer to ensure your lease is legally sound.

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Real Property Management Evertrust

JANUARY 9, 2025

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. Virtual Tours and Remote Leasing A while ago, the business experienced a surge in demand for virtual tours and remote leasing processes.

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American Apartment Owners Association

DECEMBER 9, 2024

Analyze rental market trends for informed decisions. Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. Staying informed aboutevolving regulationsis critical to guarantee your property maintains legal compliance.

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Real Property Management Chicago

AUGUST 30, 2024

You’ll need to have a list of documents and information ready to rent an apartment. A lease is a binding contract, and signing it commits you to everything it includes. Lastly, review the lease for any unexpected or unusual rules or clauses to make sure you’re comfortable following them.

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MRI Software

NOVEMBER 12, 2024

Capital lease accounting, also known as finance lease accounting, refers to the method by which long-term lease agreements are recorded on the balance sheet. Let’s explore the basics of capital lease accounting and its impact on financial statements, while also delving into key considerations for proper implementation.

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American Apartment Owners Association

SEPTEMBER 19, 2022

Although not frequent, relay calls do come into leasing offices. While this form of communication can be helpful, it is also time-consuming, posing a problem for a very busy leasing office. Another pitfall that proper training can help you avoid is over-explaining or offering information without it being requested.

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American Apartment Owners Association

JANUARY 16, 2025

All leasing professionals should be equipped with standardized language to address these situations, ensuring a uniform and compliant approach. Gather feedback from staff on the challenges they face when applying policies or crafting responses, and use this input to inform updates and training programs.

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Bay Property Management Group

DECEMBER 12, 2024

Note that you must follow Fair Housing Laws through every step of this process: Draft a comprehensive rental application: In this step, you can gather important information about a prospective tenant. To really get a fuller picture, consider contacting previous landlords for more information. Typically, 2 check-ups a year is enough.

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Buildium

DECEMBER 5, 2024

Buying property management software can be a big investment and—like any big investment—you want to be sure you’re making an informed purchasing decision, one backed by advice you can trust. They work to identify fake reviews, as well, to ensure consumers are getting the most honest information possible.

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American Apartment Owners Association

AUGUST 7, 2022

The ins and outs of a rent increase notice Generally, a landlord can raise a units rent price with a new lease agreement, if they give proper notice. You must provide tenants with a written notice to inform them that their monthly payments will be increased. Interested in more information? Excited to get started?

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Florida Property Management

SEPTEMBER 13, 2024

This is a subtitle for your new post As a landlord, one of the most critical decisions you’ll face is whether to lease out a property that is currently occupied or one that is vacant and ready for new tenants. Leasing Occupied Properties Advantages : Reduced Vacancy Time: Leasing an occupied property can minimize the downtime between tenants.

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BetterWho

SEPTEMBER 21, 2024

This informal chat can reveal a lot about how they might fit into your rental community. #2 Keeping them updated : Keep tenants informed about what’s happening. Automated systems: You can automate reminders for rent payments, lease renewals, and maintenance schedules. Learn what works best for each tenant and stick to it.

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Real Property Management Chicago

JUNE 14, 2024

Pros and Cons of a Short-Term Rental A short-term rental involves a lease agreement of six months or fewer. For renters needing flexibility, a short-term lease might be perfect. Yet, short-term leases have a few drawbacks. With frequent renewals, landlords can raise rent and update policies or lease terms more often.

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Real Property Management Evertrust

OCTOBER 7, 2024

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Resolution Tip: Have a lawyer review your lease agreement to ensure it complies with state and local laws.

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Fourandhalf

AUGUST 22, 2024

We will explore the key features to look for, evaluate some of the best property management software options, and provide tips to help you make an informed decision. These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication.

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Real Property Management Chicago

JULY 26, 2024

Why it’s essential to encourage tenants to have insurance One of the best measures you can take for your and your tenant’s well-being is to require them to obtain and maintain renter’s insurance while leasing your rental home. Want more information on how to encourage tenants to obtain renter’s insurance policies?

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Real Property Management Chicago

SEPTEMBER 13, 2024

Conducting Due Diligence The immediate cash flow and turnkey nature of acquiring a leased property can make it seem like a great choice for your next investment. However, don’t assume that a leased property is in good condition or that the tenants are reliable and pay rent on time.

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MRI Software

NOVEMBER 11, 2024

The new lease accounting standards— ASC 842 lease accounting for U.S. The new lease accounting standards: what’s changed? The new lease accounting standard introduces major shifts in how leases are reflected on financial statements. Previously, companies could keep operating leases off their balance sheets.

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BetterWho

OCTOBER 4, 2024

Impact on business practices: Property managers must reassess their leasing processes to avoid potential litigation. Property managers should ensure that all fees are transparently communicated to prospective tenants upfront—before lease agreements or application fees are signed.

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Property Management Inc.

NOVEMBER 26, 2024

Often, these pet families take good care of your home and are likely to renew their lease at the end of the initial agreement. Read on for guidance on managing an unauthorized pet lease violation in your rental home. If you decide to allow pets on your rental property, you must detail every aspect involving these animals in the lease.

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Appfolio

AUGUST 28, 2020

4 Allows You to Make More Informed Decisions. In addition, many are probably already accustomed to using automatic bill pay systems that enable them to pay all of their bills without having to manually enter the same information each month. . Accurate records are essential for operating a successful business.

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Buildium

JANUARY 22, 2025

SEO-Focused Content Creation Creating high-quality, informative content is essential for SEO. Additionally, create posts that provide valuable information, such as “How to Choose the Perfect Apartment” or “5 Reasons to Live in [Your City].”

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Real Property Management Chicago

FEBRUARY 17, 2023

So, whether you’re on the fence about subletting or just looking for more information, read on! Subletters who take on long-term leases may also be available to help with any maintenance issues that arise during their stay. In this blog post, we’ll look at both the good and the bad of subletting.

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Yardi Breeze

NOVEMBER 14, 2024

We want to make our Yardi Breeze pricing as simple, accessible and easy to find as possible, because one, it’s better for everyone, and two, we consistently see misleading or outdated information being spread on the internet. We are happy to discuss with you, just contact us for more information. Please contact us for more information.

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