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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 Keep Your Tenants Safe

American Apartment Owners Association

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.

Tenant 246
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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.

Tenant 246
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What Can Void a Notice to Quit in PA?

Bay Property Management Group

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. Tenant Action or Payment If the tenant fixes the issue within the notice period or the landlord accepts partial payment, the eviction notice may become invalid.

Landlord 130
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Ask Landlord Hank: If Heater Goes Out in My Rental, Should I Give Tenants Credit While Awaiting Repair?

Rental Housing Journal

If the heater goes out in my rental should I give tenants credit while awaiting the repair is the question this week for Ask Landlord Hank. If you provided or if the tenants had space heaters and could remain comfortable that way then I wouldn’t do anything, unless they complain or ask, and then I would consider their request.

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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. T here could also be issues with management, tenant retention, or pricing.

Landlord 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