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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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Multifamily property lease audits: Best practices for landlords

MRI Software

They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. What is the purpose of lease audits?

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The Essential Guide to Insulating Your Rental Property

Real Property Management Chicago

Proper insulation can lower energy costs by up to 20%, , according to studies, which means that both tenants and landlords can save a lot of money. In addition, rental properties with adequate insulation contribute to the maintenance of consistent indoor temperatures, thereby ensuring that tenants receive year-round comfort.

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California Preparing for Move-In, Move-Out Documentation Law

Rental Housing Journal

California is preparing for new move-in, move-out documentation law that requires landlords take photos of rental units before and after a tenant moves in. The new documentation law requires landlords to take photos of rental units before and after a tenant moves in. Mobile maintenance apps have grown in popularity in recent years.

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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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2023 Fall Maintenance Checklist

California Leasing & Management

In this blog post, we'll provide you with a comprehensive fall maintenance checklist, tailored to the unique needs of rental properties in LA and Ventura County, served by California Leasing Property Management. The post 2023 Fall Maintenance Checklist appeared first on California Leasing Property Management.

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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). At some point, every late night, every maintenance call, and every spreadsheet had to evolve into a system.