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How to find the best rental property accounting software for landlords

Buildium

This can become overwhelming, especially for landlords who own multiple properties or those without a background in accounting. Rental property accounting software offers landlords a practical way to handle these financial tasks. Simplified Tax Preparation: Filing taxes as a landlord can be time-consuming and complex.

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What Is Phrogging in Real Estate?

Bay Property Management Group

Most landlords worry about chasing late rent, getting repairs done, or dealing with difficult tenants. Its more common than you might think and can happen even in vacant rental units. Sometimes, it even happens in rental units that are sitting empty between tenants. What Legal Headaches Can Landlords Face?

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What Is Vacancy Loss & How to Calculate It

Bay Property Management Group

Vacancy loss is themoney a landlord loses when rental units remain unoccupied. While its often seen in a negative light, experienced property managers in Baltimore view it as more than just lost incomeit also represents potential earnings you could gain once the units are occupied. Table of Contents What is Vacancy Loss?

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6 Apartment Advertising Ideas to Help Landlords and Investors

Bay Property Management Group

1 – Become Social Media Savvy 2 – Learn How to Run Ads 3 – Post and Improve Rental Listings 4 – Learn SEO 5 – Utilize Video and Youtube 6 – Setup Google My Business Or Just Hire a Property Management Company! A good rental listing will get you nowhere if no one can find it.

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Top 5 Mistakes New Landlords Make and How to Avoid Them

Real Property Management Evertrust

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.

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. Let’s explore actionable tips to minimize tenant turnover and boost your retention rates.

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What to Do If You’re Facing a Rent Increase

Bay Property Management Group

While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. First, know when your landlord is allowed to increase rates. Contents of This Article: How Often Can Your Landlord Increase Rent? Rent increases are pretty much unavoidable.

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