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Renters’ Liability Insurance: What It Is and How It Works

Bay Property Management Group

Main Takeaways Renters’ liability insurance gives you coverage for personal liability and medical expenses if someone gets injured in your rental. While its not legally required, many experienced and tenant-focused property management companies in Philadelphia may require it for their rentals. Let’s get started.

Insurance 147
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How to Become a Tiny House Landlord

American Apartment Owners Association

AvalonBay has added about 50 ADUs into some of its California communities.The average 425-square-foot studios and junior one-bedroom units generate rent between $4 and $8 per square foot. On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants.

Landlord 255
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What Can Void a Notice to Quit in PA?

Bay Property Management Group

You may have missed a rent payment or violated your lease, and now the issue has escalated. Main Takeaways Here’s what can void a notice to quit in PA: Improper Delivery or Notice Errors A notice must be personally delivered or posted at the rental unit.

Landlord 130
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How To Calculate A Vacancy Rate? A Guide for Landlords

Bay Property Management Group

Keep reading to get the insights you need to maximize your rental income. Several Factors Influence Vacancy Rates – Population growth, rental pricing, and the local job market play key roles in determining how easily a property can attract tenants. Direct Impact on Revenue As we mentioned, your rentals are your business.

Landlord 147
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Oregon Considers Rent Control Expansion To Newer Projects

Rental Housing Journal

Oregon lawmakers are considering rent control expansion, called rent stabilization, to include some newer buildings, according to reports. The current law applies only to residential rental units 15 years and older and limits rent increases to 10% a year. The bill is likely to face amendments going forward.

Rent 58
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What Is a Co-Applicant in a Rental?

Bay Property Management Group

So, youre thinking of renting a place with someonemaybe your partner, your best friend, or even your cousin who swears theyre good with finances now. It is: A co-applicant shares full responsibility for rent and lease terms roommates, partners, or family members who apply together are equally liable for payments and property upkeep.

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How to find the best rental property accounting software for landlords

Buildium

Managing rental properties involves more than just collecting rent and maintaining the property. Rental property accounting software offers landlords a practical way to handle these financial tasks. This can become overwhelming, especially for landlords who own multiple properties or those without a background in accounting.