Real Property Management Chicago

NOVEMBER 8, 2024

Assuming that you own a rental property, the likelihood is that you’ve considered hiring a property management company sometime in the past. However, even more than that, when you hire property management experts, you can acquire benefits and expertise that numerous do-it-yourself landlords lack. And it’s a reasonable thought.

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American Apartment Owners Association

JANUARY 13, 2025

Thousands of families displaced by the fires are struggling to find housing, and in some cases, rents are spiking alarmingly in areas affected by the destruction. A Positive Response Amid the Chaos: Ratner Property Management While some landlords have capitalized on the crisis, others are stepping up to support their communities.

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American Apartment Owners Association

NOVEMBER 6, 2024

Vice President & Branch Owner at All Solutions Insurance As property insurance costs inch up with inflation and rising maintenance costs, landlords are finding comprehensive and affordable insurance coverage increasingly difficult to secure and retain. How much dwelling coverage do you need?

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Bay Property Management Group

DECEMBER 3, 2024

If you’re looking for the best property management books around, we’re here to help. Our professional property managers have chosen our personal favorites for your viewing pleasure. Read below for some great recommendations on managing rental properties.

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Rental Choice

OCTOBER 22, 2024

Cash is a popular way to collect rent in the United States. What other rent payment methods should landlords consider? Why Offer Other Rent Payment Methods? Offering various landlord rent payment methods provides many benefits for both the landlord and tenant. They are also prone to human error.

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Genuine Property Management

OCTOBER 3, 2024

Tenants scamming landlords stem from a variety of motives, including financial difficulties, desperation, or simply an opportunistic desire to exploit loopholes in the system. While most tenants are honest and reliable, there are some who attempt to manipulate the rental process for their own gain.

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Bay Property Management Group

JANUARY 8, 2025

Landlords check it during the tenant screening process to confirm if the tenant is reliable to pay the rent. Although landlords’ criteria may vary, there are general trends you should look at when you assess the minimum credit score required to rent a house. Why Do Landlords Check Credit Scores?

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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.

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Bay Property Management Group

JANUARY 12, 2025

With rental arbitrage, tenants rent from your property in the long-term and sublet it to short-term renters through Airbnb, VRBO, and other platforms. Our property management company in Baltimore have observed that tenants often do this because it’s so effortless. This sounds simple enough, right? What Is Rental Arbitrage?

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Buildium

OCTOBER 28, 2024

Like many small property managers, you probably want to grow your business. That means staying on top of industry trends and knowing where the real opportunities lie—all covered in the 2025 Property Management Industry Report. For small property managers, finding new customers can be challenging in a competitive market.

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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.

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BetterWho

SEPTEMBER 21, 2024

High turnover can drain your finances and disrupt your property management workflow. You’re not only looking at lost rent for every month your property is empty. According to the NARPM financial performance guide , the best property management companies had a churn rate of 9.6% The cost of turnover adds up.

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Bay Property Management Group

DECEMBER 30, 2024

Considering renting out your house? Read on to understand the process of renting out your house and avoid potential hiccups. Read on to understand the process of renting out your house and avoid potential hiccups. Renting out your house can give you several benefits. There are many reasons you could be here.

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Bay Property Management Group

JANUARY 22, 2025

But dont worrythere are still ways to rent after one, even if it feels tough. Main Takeaways Knowing exactly how to rent with an eviction on your record can seem daunting. You could rebuild your rental history with short-term rentals, use honesty as the best policy with potential landlords, rent with a co-signer, and seek legal aid.

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American Apartment Owners Association

DECEMBER 20, 2024

In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. Let’s examine the specifics of these rights and obligations to assist property managers in better and more effectively navigating this complex environment.

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Genuine Property Management

NOVEMBER 29, 2024

The term landlord usually refers to an individual, company, or organization that owns property and rents it out to others in exchange for payment, usually in the form of rent. Landlords manage a […] The post What Is a Landlord? Landlords manage a […] The post What Is a Landlord?

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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?

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Landlord Property Management Property Manager Tenant 147

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.

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Bay Property Management Group

NOVEMBER 19, 2024

There is a big demographic that many people come across when renting housing: college students. As a landlord or owner, what are the considerations when renting to college students, lease agreement addendums and terms to consider, and general ramifications of renting to this group? There are a lot of considerations.

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Genuine Property Management

DECEMBER 15, 2024

Becoming a landlord can be an exciting yet challenging venture. Whether renting out a single-family home or managing multiple properties, understanding the fundamentals of property management is crucial for long-term success. Here are some beneficial tips to help you navigate your new role as a first-time landlord.

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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.

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Bay Property Management Group

DECEMBER 9, 2024

Timing is everything when it comes to renting an apartment. Since rent prices typically rise and fall in predictable seasonal patterns, knowing the best time to find an apartment could save you money and unlock better options. So, when exactly is the best time to rent an apartment? And when are apartments cheapest?

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Rental Housing Journal

JANUARY 9, 2025

The Justice Department, together with 10 state co-plaintiffs, has filed an amended complaint in its antitrust lawsuit against RealPage to sue six of the nations largest landlords for participating in algorithmic pricing schemes that harmed renters, according to a release. Atlanta-based Cortland manages more than 80,000 rentals in 13 states.

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Genuine Property Management

FEBRUARY 2, 2024

You may not know that California landlords cannot discriminate against an applicant just because they have a housing voucher (aka: Section 8). The pro is that many landlords appreciate because it’s a guaranteed source of income. As always there are pros and cons to Section 8 applications.

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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?

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Buildium

NOVEMBER 12, 2024

As a large property management company, you know how important it is to establish standard processes and leverage technology. It’s no secret that finding new units to manage can be tough right now. In our Industry Report , 36% of property management professionals said that’s how they plan to grow in the next two years.

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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.

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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. Managing a rental property can be rewarding, but dealing with residents’ questions and details can be overwhelming. Decide how you prefer to collect rent.

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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.

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American Apartment Owners Association

JANUARY 9, 2025

If this sounds familiar, you might assume property management software is just another expense eating into your profits. This article will investigate the true value of property management software, including its uses and benefits for landlords of all sizes (financial and otherwise). What is Property Management Software?

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American Apartment Owners Association

NOVEMBER 21, 2024

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members. Current and previous addresses and landlord contact information.

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American Apartment Owners Association

SEPTEMBER 5, 2024

This article was contributed by DoorSpot property management software. Manage your entire portfolio with one simple tool. Managing rental properties can be both rewarding and challenging. One of the biggest headaches landlords face is making sure rent is collected on time, every time.

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Genuine Property Management

FEBRUARY 1, 2024

The City of Santa Ana just enacted the Rent Stabilization and Just Cause Eviction Ordinance to regulate rent increases and evictions for nearly all rental properties and mobile home spaces.

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Rentec Direct

NOVEMBER 8, 2024

Automatically email customized rent receipts to tenants using Rentec Direct property management software to streamline the payment process, ensure tenants receive confirmation of payment, and help property managers and landlords stay in compliance.

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Genuine Property Management

FEBRUARY 2, 2024

Here are the five most important rent control laws that come into effect at various times in 2024. Security deposits Tenants will no longer have to pay two months’ rent as a security deposit. A new bill caps the amount a landlord can charge to just one month’s rent.

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Buildium

NOVEMBER 5, 2024

Property managers are going to be busy in 2025. According to our 2025 Property Management Industry Report , 91% of property managers we surveyed plan to expand their portfolios in the next two years. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.

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Rental Choice

MAY 7, 2024

Landlords have numerous responsibilities when it comes to running a rental property. Why is it essential, and how can landlords deal with it? After all, you can’t rent out a dilapidated and unlivable property. Landlords are legally obligated to keep the property clean and habitable. Let’s find out.

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