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Multifamily property lease audits: Best practices for landlords

MRI Software

Lease audits play a crucial role in ensuring accuracy and efficiency in multifamily property management. They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. What is the purpose of lease audits?

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What Is a Service Contract in Real Estate?

Bay Property Management Group

Theres a lot that goes into being a successful landlord. One key piece is the service contract. The term might sound a little vague, and you may be wondering: What exactly is a service contract in real estate? Main Takeaways What are service contracts in real estate? Why Do Landlords and Investors Need Service Contracts?

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12 Years of RL Property Management: Lessons, Milestones, & What It Took to Get Here

RL Property Management

Whether youre a seasoned investor, an accidental landlord, or just curious about what it really takes to run a property management company in Columbus, we hope this offers value (and maybe a few insights to shortcut your own journey). Just reliable, professional service and clear communication. What principles helped us scale?

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business. 1099 Requirements for Property Owners If you own the property you are managing (a private landlord), you do not need to file a 1099 for any work related to that property.

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Capitol Hill Landlords: How to Raise Rent Without Raising Concern

Real Property Management DC Metro

When it’s your very first time investing in rental property or have completed it for decades, many homeowners report that they are most stressed when they must tell their tenants that rent prices will increase with their new lease. However, not all the lease alterations need to be a dreadful thing, even if the price does go up.

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Current Rental Market Conditions for Single Family Homes in South Florida

Florida Property Management

Understanding these trends is crucial for investors, landlords, and tenants alike. Contract Rents: Actual contract rents, which are the rents agreed upon in lease agreements, have also risen, averaging about $3,000 per month. For investors and landlords, understanding these trends and statistics is vital for making informed decisions.

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2023 Fall Maintenance Checklist

California Leasing & Management

As the leaves begin to change and the temperatures cool down in LA and Ventura County, it's time for California Leasing Property Management to help you prepare your rental property for fall. HVAC Maintenance: - Have the heating system professionally serviced to ensure it's in optimal condition for the cooler months in LA and Ventura County.