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

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. First, know when your landlord is allowed to increase rates.

Rent 147

Rent Landlord Property Management Property Manager 147

Bay Property Management Group

DECEMBER 23, 2024

Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. What Is a Landlord?

Property Management 147

Property Management Property Manager Landlord Management 147

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.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Property 130

Bay Property Management Group

DECEMBER 2, 2024

If you have an unresponsive landlord who’s not responding to your complaints, you have tools you can use to solve this challenge. Read below to learn when your landlord is liable for repairs, what you can do to keep them accountable, and more. How Long Can a Landlord Ignore You? When Does an Unresponsive Landlord Break the Law?

Landlord 147

Landlord Property Management Property Manager Tenant 147

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.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Property 130

Beach Front Property Management

SEPTEMBER 26, 2024

When preparing a property for rent, you handle key tasks like painting, cleaning carpets, making minor repairs, and ensuring that plumbing, electrical, and HVAC systems are safe. A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. Decide how you prefer to collect rent.

Lease 130

Lease Landlord Lease Agreement Insurance 130

Rental Choice

NOVEMBER 28, 2024

A lease renewal is a common part of renting. It offers tenants and landlords a chance to continue the tenancy. A lease renewal is an agreement between the tenant and the landlord to renew the lease. Upon lease renewal, tenants and landlords get a chance to make adjustments. What is a Lease Renewal?

Lease 246

Lease Landlord Tenant Rent 246

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.

Rent 147

Rent Lease Tenant Lease Agreement 147

Real Property Management Evertrust

OCTOBER 7, 2024

Becoming a landlord can be a great investment, but it’s not without its challenges. New landlords often face a steep learning curve, especially when it comes to managing tenants, maintaining property, and navigating legal requirements. Here are the top five mistakes new landlords make—and how you can avoid them.

Landlord 130

Landlord Lease Agreement Tenant Lease 130

American Apartment Owners Association

OCTOBER 10, 2024

The role of a landlord has always come with its challenges, but as we move into 2025, it has arguably never been more difficult. A combination of high insurance costs, razor-thin margins, and outdated business models are pushing many landlords to the brink, forcing them to reevaluate their strategies.

Landlord 130

Landlord Insurance Property Management Real Estate Management 130

Bay Property Management Group

DECEMBER 10, 2024

As a landlord, finding ways to boost rental revenue is always a top priority. Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. These improvements increase desirability, making your rental more attractive and increasing its chances of being rented quickly.

Rental Income 130

Rental Income Rent Multi-Family Building Landlord 130

Bay Property Management Group

DECEMBER 3, 2024

Table of Contents Best Property Management Books for Beginners Best Books for Landlords for Further Reading Best Property Management Books for Beginners In this section, our property managers in Philadelphia will look into some of the best property management books for those just starting out. Griswold and Laurence C. It’s a win-win!

Property Management 147

Property Management Property Manager Landlord Management 147

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. These tips will streamline your workflow.

Rent 130

Rent Tenant Landlord Property Management 130

Beach Front Property Management

DECEMBER 18, 2024

Should you rent or own a home? Renting often comes with lower annual costs, as residents are not responsible for property maintenance or significant repairs. Here, we will learn about owning vs renting in detail. No maintenance responsibilities : Residents are usually not responsible for home repairs or maintenance.

Rent 130

Rent IT Maintenance Utilities 130

American Apartment Owners Association

DECEMBER 9, 2024

In property management, landlords often face the challenge of managing difficult tenants who refuse to leave. Each tenant situation is unique, and exploring strategies that have worked for other landlords can provide valuable insights. Consulting a landlord-tenant lawyer ensures you follow the correct legal steps.

Tenant 220

Tenant Lease Landlord Lease Agreement 220

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., This includes checking backgrounds and speaking with previous landlords to ensure reliability. Or is maintenance due? The cost of turnover adds up.

Property Manager 233

Property Manager Property Management Tenant Management 233

Real Property Management Chicago

OCTOBER 20, 2023

Even if this is your first time as a landlord, you likely already know that problems are common for proprietors of rental properties. Urgent repairs, property damage, and late rent payments are a natural occurrence. You can be better equipped to deal with problems by being aware of the five most typical ones a new landlord encounters.

Landlord 130

Landlord Property Maintenance Property Management Property Manager 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. In 2019, both California and Oregon signed statewide rent control laws.

Rent 130

Rent Rental Unit Landlord Regulation 130

American Apartment Owners Association

NOVEMBER 27, 2024

A Seattle landlord has sued the City of Seattle alleging a number of laws passed in the name of tenant protections in the last few years have financially strapped his affordable housing units, according to the Seattle Times. The suit claims this is a “taking” of the landlord’s property.

Landlord 130

Landlord Tenant Government Regulation 130

American Apartment Owners Association

NOVEMBER 7, 2024

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 244

Tenant Landlord Lease Applications 244

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.

Maintenance 130

Maintenance Rental Property Single-Family Home Property 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.

Rent 130

Rent Landlord Property Maintenance 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

Real Property Management Chicago

NOVEMBER 8, 2024

However, even more than that, when you hire property management experts, you can acquire benefits and expertise that numerous do-it-yourself landlords lack. On the other hand, property managers can help you perform preventive maintenance and fixes that will help avoid expensive emergencies. Property Management Pays for Itself!

Professional Property Management 243

Professional Property Management Property Management Property Manager Management 243

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.

Property Management 246

Property Management Property Manager Management Property 246

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. Landlords should be able to provide an estimate of average heating costs for the unit, which can help you budget for these expenses.

Apartment 130

Apartment Rent Transportation Lease 130

Lula

MARCH 13, 2024

If the landlord or property manager is happy with the tenants and the tenants are happy with the home, it makes sense to re-up and keep the relationship going. So how do you ensure a smooth lease renewal process when a tenant does decide to continue renting your property? Congratulations! Read on to find out.

Lease 130

Lease Property Manager Property Management Landlord 130

American Apartment Owners Association

DECEMBER 16, 2024

For property management companies and landlords, focusing on tenant retention is not just a smart business move it’s essential for long-term success. Optimize Pricing and Lease Flexibility In today’s“rent rollercoaster” market, implementing data-driven pricing strategies is crucial.

Tenant 234

Tenant Lease Property Management Property Manager 234

Bay Property Management Group

DECEMBER 4, 2024

In addition, it’s not just about getting viewed, but it’s also converting that visibility into rented apartments. We offer comprehensive rental management services, including tenant screening, maintenance, marketing, and so much more. That means making your apartments as attractive as possible when people are viewing them.

Apartment 147

Apartment Landlord Media Engineering 147

Rental Housing Journal

NOVEMBER 20, 2024

The lawsuit alleges the tenant protection laws have forced the building to accept tenants who caused safety issues, added new maintenance and security costs, increased tenant and staff turnover, limited evictions and discouraged rent increases that might help cover the increased costs.

Landlord 97

Landlord Apartment Real Estate Tenant 97

American Apartment Owners Association

JANUARY 9, 2025

This article will investigate the true value of property management software, including its uses and benefits for landlords of all sizes (financial and otherwise). Rental property management software is specialized software designed to help landlords and the people who work for them manage rental properties.

Property Management Software 130

Property Management Software Property Management Property Manager Management 130

American Apartment Owners Association

NOVEMBER 11, 2024

The big question for landlords is no longer whether or not to use AI, but HOW to use it. At Revela, we are using AI to help landlords and property managers streamline their day-to-day operations and make smarter decisions. Revela is partnering with AI-powered maintenance triage companies to streamline this process.

Landlord 136

Landlord Maintenance Property Management Property Manager 136

Real Property Management Chicago

JULY 2, 2021

The question of how to maximize profits, for the majority of investors, boils down to two key options: selling versus renting. Selling as an investment strategy allows the focus to shift from buying properties to hold and rent to buying properties that you plan to sell within a shorter amount of time.

Real Estate 130

Real Estate Rent Property Management Property Manager 130

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.

Lease 147

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.

Property Management 214

Property Management Property Manager Tenant Management 214

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.

Rent 89

Rent Property Management Property Manager Lease 89