American Apartment Owners Association

NOVEMBER 2, 2022

Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap. Read on to learn more about how you can ensure your rental property maintenance is handled properly.

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Property Maintenance Maintenance Rental Property Property 130

Bay Property Management Group

JANUARY 19, 2025

Ideally, when someone rents out a home, they’d move in the following month. Luckily, when that happens, you don’t necessarily have to pay that entire month’s rent. In other words, the tenant could pay a prorated rent, an amount that reflects the number of days you’ve lived in the rental.

Rent 130

Rent Landlord Tenant Lease 130

Bay Property Management Group

JANUARY 7, 2025

If you need extra income, renting out a spare room can be a great solution. By renting out a room, you can help cover your mortgage, property taxes, utility bills, and more. To make the right decision, establish clear rules for renting a room in your house. However, its not as simple as it looks. Lets explore the pros and cons.

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Rent Lease Tenant Lease Agreement 147

Bay Property Management Group

DECEMBER 1, 2024

Rent increases are pretty much unavoidable. While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. So, if you’re facing a rent increase, there are a few things to remember. Contents of This Article: How Often Can Your Landlord Increase Rent?

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Rent Landlord Property Management Property Manager 147

Lula

SEPTEMBER 12, 2024

.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.

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Maintenance Rental Property Single-Family Home Property 130

American Apartment Owners Association

JANUARY 13, 2025

Thousands of families displaced by the fires are struggling to find housing, and in some cases, rents are spiking alarmingly in areas affected by the destruction. Ratner Property Management and Maintenance, an AAOA member, is one such example. California Attorney General Rob Bonta urged residents to report suspected price gouging.

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Attorney Property Management Property Manager Landlord 281

Real Property Management Chicago

JULY 27, 2023

In the world of rental properties, numerous maintenance responsibilities fall under the purview of either the landlord or the tenant. For a variety of reasons, including clarity, responsibility, and safety, lease agreements must specify tenant and landlord maintenance obligations.

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Property Maintenance Maintenance Rental Property Property 130

BetterWho

SEPTEMBER 21, 2024

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., Maintenance Matters: Keep up with regular property maintenance and embrace smart technology to monitor systems. Or is maintenance due?

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Property Manager Property Management Tenant Management 233

Real Property Management Chicago

SEPTEMBER 16, 2022

In general, this can include tasks such as marketing the property, screening and approving tenants, collecting rent, handling maintenance and repair requests, and more. Property management companies typically charge a percentage of the monthly rent as their fee. Do you keep a single-family rental property?

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Professional Property Management Property Management Property Manager IT 130

American Apartment Owners Association

DECEMBER 9, 2024

Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Manage maintenance costs proactively. Analyzing rental trends, vacancy rates, and comparable rents can provide valuable insights into the property’sincome potentialand overall market stability.

Real Estate 223

Real Estate Compliance Maintenance Tenant 223

Bay Property Management Group

DECEMBER 10, 2024

Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply raising rent.

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Rental Income Rent Multi-Family Building Landlord 130

Buildium

JANUARY 10, 2025

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. Maintenance Management: Look for tools that track and manage maintenance requests, work orders, and vendor communications.

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Property Management Software Property Manager Property Management Management 243

American Apartment Owners Association

SEPTEMBER 5, 2024

One of the biggest headaches landlords face is making sure rent is collected on time, every time. An efficient rent collection process helps ensure the money comes in while maintaining a positive relationship with your tenants, reducing stress and saving you time and money. Popular options include Cozy, Rentec Direct, and Buildium.

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Rent Tenant Landlord Property Management 130

Beach Front Property Management

OCTOBER 23, 2024

Two popular options are flipping houses and renting out properties. What is Renting? Renting, or the buy-and-hold strategy involves leasing a property to residents in exchange for monthly payments. With a structured approach, renting remains a viable long-term investment strategy. What is House Flipping?

Real Estate 130

Real Estate Rent Contractors Property Management 130

American Apartment Owners Association

SEPTEMBER 13, 2022

As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. Each location has its own different requirements and details regarding rent control.

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Rent Rental Unit Landlord Regulation 130

American Apartment Owners Association

DECEMBER 2, 2024

Rent costs have long weighed on lower-income households — now it’s coming for the middle class. Burdened by rents The percentage of middle-class renters burdened by costs has increased rapidly since 2019. A cost-burdened household is defined as one paying 30% or more of pretax income on rent and housing costs.

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Rent Landlord Property Maintenance IT 130

Beach Front Property Management

SEPTEMBER 25, 2024

Timely rent payments and an efficient collection system are essential to a successful rental property. With advancements in rental technology, offering online rent collection has become easier than ever. Discover the benefits and resources available for setting up an efficient online rent collection system.

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Rent Property Management Property Manager Property Management Software 130

American Apartment Owners Association

DECEMBER 16, 2024

Security deposit Tenants typically provide a security deposit upfront, which serves as a form of financial security for the landlord in case of unpaid rent or damages. Rental payment Tenants are responsible for paying rent on time and in full, while landlords are responsible for providing a habitable living space in return.

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Landlord Lease Agreement Tenant Rental Property 246

Buildium

OCTOBER 28, 2024

Fact #3: Tenant Quality Is Property Managers’ Top Concern Finding financially stable tenants is getting harder as rent growth outpaces wages, causing property management companies to prioritize tenant screening. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. This comes as U.S.

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Property Management Property Manager Management Property 246

Rental Choice

NOVEMBER 28, 2024

A lease renewal is a common part of renting. Common adjustments include rent increases, payment schedule changes, and amendments to the rules. In this case, the terms and conditions of the original lease remain the same, including the rent and duration. It offers tenants and landlords a chance to continue the tenancy.

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Lease Landlord Tenant Rent 246

American Apartment Owners Association

DECEMBER 16, 2024

Optimize Pricing and Lease Flexibility In today’s“rent rollercoaster” market, implementing data-driven pricing strategies is crucial. With renting being 40% cheaper than owning on average, ensure your pricing remains attractive. Offer a range of flexible lease options to cater to diverse resident needs.

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Tenant Lease Property Management Property Manager 234

Real Property Management Chicago

NOVEMBER 22, 2024

Remote work actually changes how property managers operate, from overseeing property maintenance to interacting with renters. Previously, responsibilities requiring a property manager to be in person, ranging from maintenance to inspections and beyond, can now be achieved remotely.

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Property Management Property Manager Management Property 241

Real Property Management Evertrust

SEPTEMBER 19, 2024

But renting an apartment during this chilly season comes with its own set of challenges and considerations. Some rentals might include heat in the rent, but many do not. If you don’t own a car, you’ll want to rent in a location close to public transportation or your workplace.

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Apartment Rent Transportation Lease 130

Buildium

DECEMBER 26, 2024

Community managers should look toward utilizing software that allows for online rent collection , conveying the ease and reliability these kinds of tools can offer to HOA boards. Reliable vendor relationships lead to reliable maintenance and repair work and happier boards.

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Management Insurance Maintenance Property Management 241

Real Property Management Chicago

NOVEMBER 8, 2024

Lower Maintenance and Repair Costs Maintenance and repairs can be a problematic part of rental property ownership, particularly if you are new to being a landlord or don’t have much time to do the work yourself. But beyond that, it can be hard to tell who to call when disaster strikes. Property Management Pays for Itself!

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Professional Property Management Property Management Property Manager Management 243

American Apartment Owners Association

DECEMBER 9, 2024

Whether youre selling the property or dealing with unpaid rent, its essential for the tenant to move on. Consider Adjusting the Rent Raising the rent can be a strategic way to encourage problematic tenants to move out. Remember to check local regulations regarding rent increases and communicate openly with tenants.

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Tenant Lease Landlord Lease Agreement 220

Real Property Management DC Metro

SEPTEMBER 27, 2024

The fact of the matter is that numerous people are making a choice to rent over buying a home, typicaly because it better fits their personal or financial situation. To profit from the number of renters in the market at the moment, it’s key to take into account why so many people find it wiser to rent instead of buy.

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Rent Property Management Property Manager Lease 89

Rental Choice

SEPTEMBER 25, 2024

Landlords often screen potential tenants before they rent out property. While high credit scores are preferable for most landlords, tenants do not need an unreasonably high score just to rent a property. Debts might hinder the tenant’s ability to pay rent every month, resulting in late or delinquent payments.

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Landlord Tenant Rental Property Rental Property Management 246

Bay Property Management Group

NOVEMBER 25, 2024

Net lease is the type in which the lessee pays a portion or all of the taxes, maintenance, insurance, and other costs in addition to rent. So when it comes to gross lease vs. net lease, the net lease is the one in which the tenant pays for costs outside of the basic rent. There are so many types of leases.

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Lease Insurance Commercial Property Utilities 147

American Apartment Owners Association

DECEMBER 20, 2024

Landlords and property managers must follow this rule to avoid making unnecessary or excessive admissions into the rented space. 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.

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Property Management Property Manager Tenant Management 214

Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Core features are essential for the daily management of your properties and might include tenant management, maintenance management, and financial accounting. The property management industry has changed.

Property Management Software 163

Property Management Software Property Management Property Manager Management 163

Beach Front Property Management

NOVEMBER 20, 2024

Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities. In exchange, the lessee pays rent to use the property for business purposes over a specific period.

Commercial Property 147

Commercial Property Lease Management Lease Agreement 147

Buildium

JANUARY 21, 2025

This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. But rents can only be raised so high to cover increased costs when renters wage growth isnt keeping up. 41% will expand the services they provide.

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Property Management Property Manager Management Broker 130

American Apartment Owners Association

JANUARY 9, 2025

Compared to traditional methods like cash or checks, online rent collection is undoubtedly the more reliable option. Theres immense value to the ability to schedule recurring payments, automatically apply late fees to tenants accounts, and connect both parties banks to streamline each months rent payments.

Property Management Software 130

Property Management Software Property Management Property Manager Management 130

Appfolio

JULY 13, 2020

Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Invest in a property-wide deep cleaning, and address any maintenance issues that have been put off. Protect your human assets.

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Lease Applications Applicants Property Management 264

Real Property Management Evertrust

JANUARY 9, 2025

If your rent collection practices are still obsolete, it’s time for a refresh. Tenant portals, specifically, allow renters to pay rent with just a few taps, anytime and from anywhere. Tenant portals, specifically, allow renters to pay rent with just a few taps, anytime and from anywhere. At least, they should be!

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Property Management Property Manager Management Property 147

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. Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. or Is the leak constant or occasional? Curious about Revela?

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Landlord Property Management Maintenance Property Manager 136