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Should I Use a Professional Property Manager?

Real Property Management Chicago

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. However, managing a rental property on your own can be like taking on a second full time job!

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A Complete Guide to Renting Out Your House

Bay Property Management Group

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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Rules for Renting a Room in Your House You Should Know

Bay Property Management Group

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.

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What Is A Rental Arbitrage? A Guide For Landlords

Bay Property Management Group

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. The process involves: Securing a Lease Agreement: As we stated before, tenants start the rental arbitration process by signing a long-term lease.

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What are the Penalties for Breaking a Lease: A Primer

Bay Property Management Group

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.

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What is the Difference Between a Lease and a Rental Agreement?

Bay Property Management Group

What is the Difference Between a Lease and a Rental Agreement? Both a lease and a rental agreement are contracts that are between a landlord or owner and a tenant that covers the renting of a property. A normal lease is going to provide a long-termer stability and predictability. Or hire the experts!

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Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

Key Takeaways from this Article Role Definitions and Responsibilities : A landlord owns the property and is responsible for key tasks like setting rental terms, maintaining the property, and adhering to legal regulations. A landlord is a person who owns property that they lease to another party in exchange for rent.