Bay Property Management Group

NOVEMBER 25, 2024

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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American Apartment Owners Association

FEBRUARY 6, 2025

Small homes = big profits Leasing tiny homes is one of the latest trends in the rental business. On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants. Can tenants have parties or pets? All of your policies need to be incorporated into your lease.

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Bay Property Management Group

FEBRUARY 16, 2025

They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). It describes someone who leases out a property or asset to someone else.

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BetterWho

SEPTEMBER 21, 2024

Retaining good tenants goes beyond convenience—it impacts your bottom line. The cost of finding a new tenant, additional maintenance, marketing the property, etc., means that keeping your tenants happy is very important. The cost of finding a new tenant, additional maintenance, marketing the property, etc.,

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Bay Property Management Group

FEBRUARY 11, 2025

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. This will help ensure that you understand your responsibilities and rights as a tenant.

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Esquire Property Management Group

FEBRUARY 13, 2025

Triple net NNN leases seem to be all the rage for real estate investors. Real estate investors exhibit significant interest in triple net leases for several reasons. The reality is clear: triple net leases are seldom as unequivocal as they first seem. What is a Triple Net Lease and Why are they Desirable?

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Bay Property Management Group

APRIL 2, 2025

Most landlords worry about chasing late rent, getting repairs done, or dealing with difficult tenants. Sometimes, it even happens in rental units that are sitting empty between tenants. Personal items that dont belong: Finding random belongingsclothes, backpacks, food wrappersthat dont belong to you or your tenants is a huge red flag.

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MRI Software

MARCH 5, 2025

Landlords may face various liability risks, from tenant injuries to property damage claims. This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. What is landlord liability insurance? Why do landlords need liability insurance?

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Bay Property Management Group

FEBRUARY 6, 2025

Read on to learn more about pet deposits, why you might not get your refund, and your rights as a tenant. Pet deposits are basically a landlord’s safety net, a form of informal “insurance.” Once the dust settles and your lease has finished, are pet deposits refundable? What Are Pet Deposits? Congratulations!

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Beach Front Property Management

MARCH 26, 2025

Legal Issues Lease violations, lawsuits, and regulatory compliance challenges can pose serious risks for property managers. Effective Crisis Management Strategies Effective crisis management strategies help property managers respond swiftly to unexpected challenges, minimizing damage and maintaining tenant trust.

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Real Property Management Chicago

SEPTEMBER 13, 2024

Acquiring a rental property with existing tenants is not only a convenient choice, but also a great opportunity. Skipping renovations, advertising, and tenant screening is just the start of the advantages. That said, it’s vital to understand that purchasing a property with tenants already living there comes with its own challenges.

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Bay Property Management Group

JANUARY 26, 2025

After all, youre managing tenants, maintaining the property, and, of course, getting income. But generally, any money you getwhether its from monthly rent, advance payments, or even services tenants provide instead of rentmust be reported to the IRS and your local tax authorities. Read below to learn more! Is Rental Income Taxable?

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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

JANUARY 22, 2025

They do this to ensure tenants are reliable and can pay rent. Consider Short-Term Apartments (Month-to-Month Leases) Renting a short-term apartment can be a solution for how to rent with an eviction on your record. M onth-to-month leases require less of a time commitment for both parties, so the bar to entry tends to be less strict.

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American Apartment Owners Association

NOVEMBER 7, 2024

The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. Just as you are placing your faith in a new tenant to pay their rent on time and respect your property, they are placing their trust in you that you will keep them safe while providing them with a habitable home.

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American Apartment Owners Association

NOVEMBER 21, 2024

In the long run, accepting a deceitful tenant can cause you a great deal of grief and money. A comprehensive rental application can protect you from undesirable tenants and future problems, such as evictions and damage to your investment property. All applicants over the age of 18 must be on the lease and should be screened.

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Buildium

MARCH 19, 2025

Rental income includes all the payments you receive from tenants. This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Heres a quick breakdown of those definitions. What Counts as Rental Income?

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Bay Property Management Group

MARCH 2, 2025

Lets look at them both: Front-End DTI (Housing DTI) The front-end DTI focuses only on housing expensesthings like your mortgage payment, property taxes, homeowners’ insurance, and HOA fees, if applicable. Meanwhile, g roceries, utilities, insurance, phone bills, and entertainment expenses don’t typically count as debt.

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American Apartment Owners Association

DECEMBER 16, 2024

A landlord cannot let themselves into a tenants property without prior notice, except in emergencies. Generally, landlords must provide at least 24 hours notice before entering, respecting tenants privacy and adhering to specific state laws regarding entry reasons and times. Privacy Both landlords and tenants have the right to privacy.

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American Apartment Owners Association

DECEMBER 9, 2024

Implement effective tenant screening processes. Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. Implementingbest practicesfor tenant screening can greatly impact your investment’s success.

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Bay Property Management Group

JANUARY 27, 2025

Although the landlord may check your credit, they may be more flexible about your score since an established tenant is already taking on some of the rental responsibilities. Typically, they’ll sign the lease with you, even though they wont be living in the apartment.

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Rental Choice

AUGUST 6, 2024

Smoking in apartments is a contentious issue that has caused many disputes between landlords and tenants. Smoking in Apartments and Tenants’ Rights Can I smoke in my apartment? Smoking in Apartments and Tenants’ Rights Can I smoke in my apartment? Using it even privately may expose tenants to federal offense charges.

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Bay Property Management Group

JANUARY 12, 2025

With rental arbitrage, tenants rent from your property in the long-term and sublet it to short-term renters through Airbnb, VRBO, and other platforms. Rental arbitrage is a business approach where individuals get long-term rental leases and then sublet the rental to others for short-term intervals. This sounds simple enough, right?

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California Leasing & Management

FEBRUARY 10, 2025

At California Leasing Property Management , we take full responsibility for handling maintenance issues , so you dont have to. 24/7 Maintenance Support We Handle All Tenant Requests We provide 24/7 support for maintenance emergencies , ensuring your tenants always have a reliable point of contact.

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Bay Property Management Group

JANUARY 5, 2025

Tips on Renting Out Your First Home Once youve decided to rent out your first home, there are several important steps you need to take to make sure the property is ready for tenants. These steps can help you attract good tenants, keep your property in top shape, and avoid any future issues. As such, it must leave no stone unturned.

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American Apartment Owners Association

NOVEMBER 11, 2024

Revelas platform uses AI to analyze everything from maintenance histories to leasing data, helping landlords and property managers optimize their portfolios. We use operational data to help customers secure better loan rates or insurance policies. This is an area where AI can really shine.

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MRI Software

DECEMBER 12, 2024

This guide will walk you through everything you need to know about tenant default insurance. From how it works and why its crucial, to tips on choosing the best policy, youll gain the insights needed to protect your rental income and stay ahead of unexpected tenant defaults. What is tenant default insurance?

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Authority Property Management

MARCH 28, 2025

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

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Property Management Inc.

MARCH 13, 2025

Commercial property managers must juggle tasks like lease negotiations, property maintenance, and ensuring compliance with zoning laws. The primary goal in commercial property management is to maintain property performance while supporting tenants' business needs. Residential tenants typically pay a fixed monthly amount.

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InveServe

MARCH 3, 2025

What are all the recurring operating expenses (property taxes Proposition 13 considerations, insurance earthquake coverage is essential, utilities, maintenance, management fees)? tenant relocation costs)? The Art of Property Management: Thriving in the LA Tenant Market Managing LA multifamily properties demands expertise.

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Esquire Property Management Group

DECEMBER 11, 2023

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective. All landlords and commercial property managers should require tenants to have various forms of insurance depending on the type of business operations occupying the relevant space.

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Bay Property Management Group

MARCH 21, 2025

If you make upgrades, you can attract higher-paying tenants or buyers. Make sure you factor in the following: Purchase price Estimated renovation expenses Property taxes Insurance Potential legal fees Contingency fund for unexpected costs All these factors will come into play throughout your process.

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Bay Property Management Group

JANUARY 7, 2025

There are several things you need to consider before moving forward, especially since the tenant will be sharing your home. Shared Responsibilities When you have a tenant, you can share responsibilities around the house. Essentially, they often cost less to rent, and as such, can be more affordable for potential tenants.

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Rental Housing Journal

JANUARY 16, 2025

The Federal Trade Commission and the state of Colorado have sued Greystar, the largest multifamily operator in the United States, for deceiving tenants about monthly rent costs by tacking on numerous mandatory hidden fees on top of advertised prices, according to a release. Greystar advertises its available apartments widely.

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MRI Software

OCTOBER 9, 2024

A triple net lease (NNN) is one of the most popular types of commercial real estate leases in the U.S. With a triple net lease, tenants are responsible for more than just their base rent—they also cover property taxes, building insurance, and common area maintenance (CAM).

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MRI Software

SEPTEMBER 7, 2024

Did you know that over 30% of insurance claims for multifamily properties involve some form of property damage? Multifamily property insurance is your first line of defense, covering everything from physical damage to liability claims and lost rental income. What is multifamily property insurance?

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Real Property Management Choice

FEBRUARY 6, 2025

Perhaps they imagine the worst; scratched up floors, shredded paint on walls, and odors that are not only unpleasant but nearly impossible to eliminate before new tenants move in. Pet-friendly properties tend to have an easier time attracting tenants. After all, a majority of tenants in Torrance are pet owners.

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