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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Property Management Software Property Management Property Manager Management 130

Lula

MARCH 13, 2024

A lease renewal is the process of establishing a new rental agreement with the current tenants. 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. Congratulations!

Lease 130

Lease Property Manager Property Management Landlord 130

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. With effective communication, tenant satisfaction, and cost management, it helps to know who is in charge of maintaining rental properties.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Property 130

Rental Choice

MAY 7, 2024

Landlords have numerous responsibilities when it comes to running a rental property. One of the most important is rental property maintenance. Why Is Rental Property Maintenance Important? Property maintenance for rentals is crucial for several reasons. Let’s find out.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Landlord 130

Real Property Management Chicago

JUNE 2, 2015

Is a professional property manager the right choice for your rental property? Professional property management can make owning (and profiting from!) rental properties a hassle-free experience for you. The decision to use a professional property management company involves weighing the pros and cons.

Professional Property Management 130

Professional Property Management Property Management Property Manager Management 130

Buildium

JANUARY 22, 2025

Implementing marketing strategies can require time and resources that you might not have as a busy property manager. Thats where property management marketing tools come in. Property Management Marketing Tools: What Are They?

Property Management 130

Property Management Property Manager Management Media 130

BetterWho

OCTOBER 4, 2024

As a property management business owner, the recent lawsuit between the Federal Trade Commission (FTC) and Invitation Homes has raised concerns across the industry. If you’re a property manager, this lawsuit serves as a stark reminder of the growing scrutiny on how property management companies handle tenants and fees.

Property Management 130

Property Management Property Manager Management IT 130

Bay Property Management Group

DECEMBER 30, 2024

Moreover, you will have to handle this all yourself unless you hire a property management company to support you. Heres some of the main landlord-tenant laws you need to keep in mind : Maintenance: You are legally obligated to keep your rental property habitable. Lease Agreement: You also should create a lease agreement.

Rent 147

Rent Lease Agreement Lease Landlord 147

Rental Choice

JUNE 13, 2024

For this reason, it’s essential to conduct proper maintenance whenever the seasons change. What parts of the property should you maintain when the weather gets warmer? Here are the most important parts of summer maintenance for landlords. Also, check if the gutters are properly attached to the property.

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Maintenance Landlord Property Maintenance Tenant 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. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.

Real Estate 223

Real Estate Compliance Maintenance Tenant 223

American Apartment Owners Association

DECEMBER 16, 2024

Late payments can disrupt the property owners cash flow. Authorized Pets and Occupants : Lease agreements usually specify the number of occupants allowed and whether pets are permitted. Following these rules helps prevent noise, property damage, and potential liability if a pet or guest causes harm.

Lease 170

Lease Lease Agreement Attorney Maintenance 170

Real Property Management Enterprises

JANUARY 9, 2025

The property management industry is evolving, with technology serving a pivotal function in this development. In fact, AI-based technology is fluctuating in almost every way that rental properties are supervised. Tenant portals, in particular, allow renters to pay rent with just a few clicks at any time and from any location.

Property Management 87

Property Management Property Manager Management Property 87

American Apartment Owners Association

DECEMBER 9, 2024

In property management, landlords often face the challenge of managing difficult tenants who refuse to leave. Share the lease violation notices and explain their consequences. Strengthen your position by consistently enforcing the lease agreement. That said, evictions can be costly and time-consuming.

Tenant 220

Tenant Lease Landlord Lease Agreement 220

Beach Front Property Management

SEPTEMBER 26, 2024

Managing a rental property can be rewarding, but dealing with residents’ questions and details can be overwhelming. A clear and comprehensive landlord-resident lease agreement is the best way to prevent misunderstandings. It outlines details like pet policies, guest allowances, parking, and maintenance procedures.

Lease 130

Lease Landlord Lease Agreement Insurance 130

American Apartment Owners Association

DECEMBER 16, 2024

Landlord-Tenant Relationships Key Elements In A Landlord-Tenant Relationship When entering into a rental agreement, both landlords and tenants should have a clear understanding of the key elements that shape their relationship. Exploring Valid Reasons For Landlord Entry Landlords may have several valid reasons to enter a rental property.

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Landlord Lease Agreement Tenant Lease 246

Florida Property Management

DECEMBER 18, 2020

A strong lease agreement is a landlord’s best tool when it comes to managing your tenant, your property, and your expectations. It’s important that you have a good lease, and it starts with a template that’s legally compliant and specific to Florida. Include any Legal Disclosures

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Lease Agreement Lease Landlord Rent 52

Beach Front Property Management

NOVEMBER 20, 2024

Finding the perfect commercial property for your business is an exciting milestone, but lease negotiations can sometimes feel overwhelming. Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities.

Commercial Property 147

Commercial Property Lease Management Lease Agreement 147

Bay Property Management Group

NOVEMBER 26, 2024

As a property management company, we understand that things come up. Whether your family is growing or you must relocate for work , you may have to break your lease early. While this is not ideal for landlords or property managers, you can do a few things to make the process easier.

Lease 130

Lease Lease Agreement Property Management Property Manager 130

Beach Front Property Management

NOVEMBER 6, 2024

Late payments can disrupt the property owner’s cash flow. Authorized Pets and Occupants : Lease agreements usually specify the number of occupants allowed and whether pets are permitted. Following these rules helps prevent noise, property damage, and potential liability if a pet or guest causes harm.

Lease 130

Lease Lease Agreement Attorney Maintenance 130

Bay Property Management Group

NOVEMBER 18, 2024

How can you break your lease without penalty? As the premiere property managers in Philadelphia , we get this question often. You might just have legal grounds to get out of a lease if you’re dealing with things like electrical problems, insufficient bathroom ventilation, pest infestations, or other hazards.

Lease 130

Lease Lease Agreement Landlord Property Management 130

California Leasing & Management

JANUARY 2, 2025

Owning a rental property can be a rewarding investment, but maximizing its potential often requires time, expertise, and a proactive approach. At California Leasing Property Management, we understand the unique needs of property owners in Santa Clarita and the surrounding areas.

Lease Agreement 103

Lease Agreement Lease Property Management Property Manager 103

Real Property Management Chicago

FEBRUARY 17, 2023

As long as you get permission from your Arlington Heights property manager first, it’s a win-win situation for both parties involved! Subletters who take on long-term leases may also be available to help with any maintenance issues that arise during their stay. You also need to consider renter’s insurance.

Lease Agreement 130

Lease Agreement Insurance Apartment Lease 130

Bay Property Management Group

NOVEMBER 25, 2024

Examples of these are gross lease vs. net lease vs. triple net lease, which all sound very technical and full of jargon. As dedicated property managers in Baltimore and surrounding areas, we deal with a lot of leases. Property owners use net leases to shift the burden of these fees to the tenant.

Lease 147

Lease Insurance Commercial Property Utilities 147

Real Property Management Evertrust

OCTOBER 7, 2024

Online property management platforms like Buildium or TenantCloud make tenant screening easy, providing tools to streamline credit and background checks. Underestimating the Costs of Maintenance The Mistake: Some new landlords think the rent they collect is pure profit, forgetting to budget for inevitable repairs and maintenance.

Landlord 130

Landlord Lease Agreement Tenant Lease 130

Muldoon Associates

NOVEMBER 7, 2024

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. The worst mistake you can make as a rental property owner, however, is delaying or ignoring maintenance needs. Be responsive. Respond promptly.

Lease Agreement 98

Lease Agreement Property Property Management Property Manager 98

American Apartment Owners Association

DECEMBER 2, 2024

Diversification: Owning multiple units in one property diversifies your investment portfolio, reducing the risk associated with single-family homes. Economies of Scale: Managing numerous units in one location can be more efficient, reducing maintenance and management costs per unit. Considering a 1031 Exchange?

Real Estate 130

Real Estate Single-Family Home Property Management Property Manager 130

Bay Property Management Group

DECEMBER 11, 2024

Managing multi-family rentals is a huge task. Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. So, how can you manage these rental properties like a well-oiled machine? So, what are some of the common obstacles you should prepare for?

Management 130

Management Regulation Property Management Property Manager 130

Bay Property Management Group

NOVEMBER 25, 2024

What is the difference between a lease and a rental agreement? It is important to be transparent with the entire lease signing process. When we oversee Washington DC property management we are conscious of the questions tenants (and sometimes landlords) may have with the jargon that is used. Good question.

Lease 147

Lease Landlord Property Management Property Manager 147

Rental Choice

AUGUST 6, 2024

However, if the landlord has included the no-smoking policy in the lease agreement, tenants can be evicted for smoking. Landlords can do this if the lease agreement has an “illegal activity” clause since smoking marijuana is a crime under federal law. What about marijuana?

Apartment 130

Apartment Tenant Lease Agreement 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.

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Tenant Landlord Lease Applications 244

Bay Property Management Group

DECEMBER 8, 2024

In this article, we walk you through everything you need to know about lease cancellation, as well as how to avoid potential pitfalls. Key Takeaways Lease Cancellation Requires Proper Procedures : Canceling a lease involves legal steps and clear communication. Otherwise, it could be seen as an illegal eviction.

Lease 130

Lease Lease Agreement Landlord Tenant 130

Real Property Management Chicago

OCTOBER 20, 2023

Your lease agreement must specify late fees, but it might be difficult to charge and collect them. Your rental property may soon become a major cash drain due to the loss of income caused by late or missed rent payments. This is because regular routine duties and individualized repairs are included in property maintenance.

Landlord 130

Landlord Property Maintenance Property Management Property Manager 130

Real Property Management Evertrust

OCTOBER 7, 2024

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Resolution Tip: Have a lawyer review your lease agreement to ensure it complies with state and local laws.

Tenant 130

Tenant Lease Agreement Landlord Lease 130

Bay Property Management Group

DECEMBER 2, 2024

Main Takeaways If your home’s maintenance problem impacts your safety and health, your landlord is legally required to fix it. According to our Baltimore property management company , your landlord will typically have 24 hours to address critical issues. When Aren’t Landlords Liable for Maintenance Issues?

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Landlord Property Management Property Manager Tenant 147

Bay Property Management Group

JANUARY 7, 2025

The top property management companies in Northern Virginia will guide you through it. For instance, you could be able to forego repair, maintenance, or property taxes. Decide whether late fees will apply, and make sure to include the consequences of non-payment in your rental agreement.

Rent 147

Rent Lease Tenant Lease Agreement 147

California Pacific Realty

NOVEMBER 21, 2024

If managing tenants, late payments, or maintenance calls has become overwhelming, a property manager can help. From securing top tenants to ensuring timely rent payments, property managers handle daily demands, freeing you to focus on your investment’s success.

Property Management 52

Property Management Property Manager Management Property 52

American Apartment Owners Association

NOVEMBER 27, 2024

Use data-driven decisions to manage risks effectively. Implement efficient property management to minimize operational risks. Practice proactive risk management strategies like robust tenant screening and maintenance plans. Prioritize tenant relationships for enhanced property performance.

Real Estate 130

Real Estate Compliance Property Management Property Manager 130