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What Is a Ground Lease? What You Need To Know

Bay Property Management Group

Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Main Takeaways What is a ground lease?

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Fire insurance 101: What landlords & property managers need to know

Buildium

That’s why having the right insurance in place is so important. Staying on top of the insurance policies for the properties you managemaking sure they have the right coverage and keeping those policies up to dateis just another way you can provide value to your owners. What Is Dwelling Fire Insurance for Rental Properties?

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Gross Lease vs. Net Lease vs. Triple Net Lease: A Guide

Bay Property Management Group

There are so many types of leases. Examples of these are gross lease vs. net lease vs. triple net lease, which all sound very technical and full of jargon. As dedicated property managers in Baltimore and surrounding areas, we deal with a lot of leases. Table of Contents What is a Gross Lease? Good question.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Take out landlord insurance A landlord insurance policy is meant to protect you as an investment property owner while safeguarding your rental properties.

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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

In the meantime, your tenant’s renter’s insurance can help cover the costs. Get ready for insurance claims If anyone gets hurt because of something you did or didn’t do with the property, they might file an insurance claim against you. What Happens if Someone Gets Hurt on Your Rental Property? so much more.

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Questions To Ask During Your Apartment Tour

Bay Property Management Group

Understand the Lease Terms and Fees – A lease is a binding contract, so its crucial to clarify its terms. Ask about the lease duration, renewal process, rent amount, additional fees, and policies on subletting or early termination. Here are the key things to ask about the lease: 1. What Is the Lease Duration?

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Why Your Evanston Tenants Need Renter’s Insurance

Real Property Management Chicago

As a real estate investor in Evanston , you understand the crucial role of renter’s insurance. Knowing about renter’s insurance and why you should require it for your tenants is crucial for your security and theirs. What is landlord insurance? When damage is extensive, tenants might need to relocate temporarily.

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