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Buying a Second Home and Renting Out the First: A Guide

Bay Property Management Group

Are you considering renting out your first home and buying a second one to live in? Buying a second home while renting out the first has been a popular option for many homeowners looking to build wealth. We provide the information you need to assess your financial situation and find the right property management support.

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up.

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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

Retaining good tenants goes beyond convenience—it impacts your bottom line. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., means that keeping your tenants happy is very important.

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Understanding Tenant Rights and Responsibilities: A Guide for Property Managers

American Apartment Owners Association

In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. This information promotes amicable relationships and reduces the likelihood of legal conflicts. Fundamentals of Tenant’s Rights An essential tenant-right is privacy.

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What Is The Minimum Credit Score To Rent A House?

Bay Property Management Group

Landlords check it during the tenant screening process to confirm if the tenant is reliable to pay the rent. Although landlords’ criteria may vary, there are general trends you should look at when you assess the minimum credit score required to rent a house. Your credit score plays a huge role in rental approval.

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The Importance of an Accurate Rental Application

American Apartment Owners Association

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. In the long run, accepting a deceitful tenant can cause you a great deal of grief and money. Current and previous addresses and landlord contact information. Date of Birth.

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How To Check If You Have An Eviction: A Guide For Tenants

Bay Property Management Group

For instance, you could use background check services that give you a full report of your background information. For example, websites like TurboTenant offer tenant screening online, which saves you time and gives you a more thorough feel for your records. This will show that you’re a great and reliable tenant.

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