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

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. What If You Don’t Want to Renew a Tenant’s Lease? Congratulations!

Lease 130

Lease Property Manager Property Management Landlord 130

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

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. Paid rent on time? Agreement and authorization.

Applicants 246

Applicants Applications Lease Agreement Landlord 246

Real Property Management Chicago

APRIL 4, 2024

Developing a dependable rent collection plan is imperative for rental property owners. In addition to setting the right rental price, managing rent payments stands as a key decision for property owners. We’ll look into the best practices for gathering rent from tenants and outline the tactics to avoid.

Rent 130

Rent Property Management Property Manager Lease Agreement 130

Real Property Management Evertrust

JANUARY 9, 2025

The property management industry is evolving, mostly propelled by technological advancement. Indeed, AI-based technology is transforming every facet of rental property management. Continue reading to uncover the key technologies revolutionizing rental property management and defining the industry’s future.

Property Management 147

Property Management Property Manager Management Property 147

American Apartment Owners Association

DECEMBER 9, 2024

In property management, landlords often face the challenge of managing difficult tenants who refuse to leave. Offering to help make their move easier boosts the likelihood of agreeing to a shorter lease term. Whether youre selling the property or dealing with unpaid rent, its essential for the tenant to move on.

Tenant 220

Tenant Lease Landlord Lease Agreement 220

American Apartment Owners Association

DECEMBER 16, 2024

Have you ever encountered challenges with a lease violation? Lease violations are common situations that can impact both homeowners and residents. Fortunately, with a professional approach, they are entirely manageable. In this article, you will find the most common lease violation types. What is Lease Violation?

Lease 170

Lease Lease Agreement Attorney Maintenance 170

Fourandhalf

AUGUST 22, 2024

There are many different factors at play when choosing the best property management software for your company: your growth plans, how your company is structured, and what types of properties you manage. The property management industry has changed. Generally speaking, property management software takes care of your operations.

Property Management Software 163

Property Management Software Property Management Property Manager Management 163

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. Rental arbitrage is a business approach where individuals get long-term rental leases and then sublet the rental to others for short-term intervals. This sounds simple enough, right?

Landlord 147

Landlord Lease Agreement Insurance Lease 147

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?

Property Management Software 130

Property Management Software Property Management Property Manager Management 130

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. Lets dive in! What Is a Landlord?

Property Management 147

Property Management Property Manager Landlord Management 147

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.

Rent 130

Rent Tenant Landlord Property Management 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!) The decision to use a professional property management company involves weighing the pros and cons. appeared first on Real Property Management Chicago Group.

Professional Property Management 130

Professional Property Management Property Management Property Manager Management 130

American Apartment Owners Association

AUGUST 7, 2022

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

Compliance 130

Compliance Rent Landlord Lease Agreement 130

Property Management Inc.

NOVEMBER 26, 2024

October 9, 2018 Maintaining a reliable cash flow is key to obtaining maximum profit for rental property owners and the greatest factor in reliable cash flow is the ability to consistently collect rent on time. Reliability Speed Transparency How a property manager addresses these factors is detailed below: 1.

Property Management 98

Property Management Property Manager Rent Management 98

Real Property Management Chicago

NOVEMBER 25, 2022

Part of doing so is guaranteeing certain consequences for violating specific terms in your lease. One way to encourage renters to maintain their lease agreement is to issue fines for violations. But then fines and penalties also need to be specifically detailed in your lease agreement before you can charge them.

Lease 130

Lease Lease Agreement Property Management Property Manager 130

Osprey Property Management

DECEMBER 5, 2024

There are several reasons why rental property owners may have to evict a tenant, whether for severe violations of the rental lease agreement, property damage, or a lack of rent payments. Eviction can be costly for property owners and may often require the help of an expert.

Tenant 130

Tenant Lease Agreement Rental Property Property Management 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. Managing a rental property can be rewarding, but dealing with residents’ questions and details can be overwhelming. Will you impose late fees?

Lease 130

Lease Landlord Lease Agreement Insurance 130

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.

Lease Agreement 52

Lease Agreement Lease Landlord Rent 52

Bay Property Management Group

DECEMBER 5, 2024

As such, weve mapped out what those consequences entail, how to possibly reduce them, and instances when you can break a lease without a penalty altogether. You could face penalties for breaking a lease depending on your lease agreement and applicable laws. Commonly, landlords ask for around 2 months of rent.

Lease 130

Lease Lease Agreement Landlord Applications 130

American Apartment Owners Association

DECEMBER 16, 2024

Some key elements to consider include: The lease agreement This legally binding document outlines the terms and conditions of the rental agreement, including rental payment, lease duration, and any specific rules or restrictions. Privacy Both landlords and tenants have the right to privacy. Key Points: 1.

Landlord 246

Landlord Lease Agreement Tenant Rental Property 246

Bay Property Management Group

DECEMBER 11, 2024

Managing multi-family rentals is a huge task. So, how can you manage these rental properties like a well-oiled machine? This article shares practical property management tips to help you streamline operations and boost efficiency. So, what are some of the common obstacles you should prepare for?

Management 130

Management Regulation Property Management Property Manager 130

Beach Front Property Management

NOVEMBER 6, 2024

Have you ever encountered challenges with a lease violation? Lease violations are common situations that can impact both homeowners and residents. Fortunately, with a professional approach, they are entirely manageable. In this article, you will find the most common lease violation types. What is Lease Violation?

Lease 130

Lease Lease Agreement Attorney Maintenance 130

Real Property Management Chicago

SEPTEMBER 13, 2024

However, don’t assume that a leased property is in good condition or that the tenants are reliable and pay rent on time. Rather, take the time to perform due diligence and ensure the leased property is a worthwhile investment. Most of the time, it’s important to know which existing agreements will govern your new investment.

Tenant 130

Tenant Lease Agreement Property Lease 130

American Apartment Owners Association

DECEMBER 9, 2024

Manage maintenance costs proactively. Analyzing rental trends, vacancy rates, and comparable rents can provide valuable insights into the property’sincome potentialand overall market stability. To ensure a successful tenancy, consider tenant screening as an integral part of yourproperty management strategy.

Real Estate 223

Real Estate Compliance Maintenance Tenant 223

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

American Apartment Owners Association

SEPTEMBER 16, 2024

Negotiating rent prices can be tough for a landlord. Whether negotiating with tenured residents or prospective renters, you should always be open to discussing rent prices. When to Consider Negotiating Rent When a renter asks to negotiate rent, its normal to have a knee-jerk reaction. Need a Lease Agreement?

Lease 231

Lease Rent Landlord Rental Income 231

Bay Property Management Group

JANUARY 14, 2025

Luckily, property managers in DC report that you can use certain methods to check if you have an eviction on your record: Court Records Court records are one of the fastest ways to find out if you have an eviction on your record. When landlords or property managers check your credit report, they might not see an eviction listed directly.

Tenant 147

Tenant Landlord Property Management Property Manager 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 Landlord 130

Real Property Management Evertrust

OCTOBER 7, 2024

Becoming a landlord is often seen as a great investment opportunity, but managing tenants , especially difficult ones, can quickly turn your dream into a nightmare. It’s tempting to rent to the first person who shows interest in your property, especially when your rental is sitting vacant. Common Mistakes New Landlords Make 1.

Tenant 130

Tenant Lease Agreement Landlord Lease 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. Oftentimes it means the tenant is required to pay a few months’ worth of rent. You won’t be living there, but it saves you money by carrying out your lease to the end. Good question!

Lease 130

Lease Lease Agreement Landlord Property Management 130

Bay Property Management Group

DECEMBER 24, 2024

Top Reasons for Eviction Include Non-Payment and Lease Violations – Late rent, property misuse, and disruptive behavior are common causes. Proactive communication and management can often prevent escalation. If the tenant obliges and pays the rent, then the eviction process is canceled.

Tenant 147

Tenant Landlord Lease Agreement Property Management 147

Florida Property Management

JANUARY 15, 2021

When you rent out your Boca Raton property, you expect your tenants to follow the terms of their lease agreement. This includes staying in place until the lease period ends. If your resident has to break the lease and move out earlier than expected, it creates a financial hardship for you, and a lot of stress.

Lease Agreement 52

Lease Agreement Lease Tenant Rent 52

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

American Apartment Owners Association

DECEMBER 9, 2024

The initiative provides borrowers with a free year of the on-time rent payment service and has since been expanded to include six additional credit-building vendors. Freddie Mac’s goal is to make on-time rent reporting and credit building an industry standard. . ” Need a Lease Agreement?

Lease 174

Lease Lease Agreement Apartment Rent 174

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. There are different types of net leases, with the most common being the triple net lease (NNN).

Lease 147

Lease Insurance Commercial Property Utilities 147