Bay Property Management Group

DECEMBER 19, 2024

Today, we proudly introduce Timothy Johnson, Assistant Maintenance Supervisor for one of our multi-family portfolios. These include positions at Marriott, USG&G, Roland Park Condominiums, as well as Maintenance coordinator at Sunrise Senior Living, Maintenance supervisor at Shops at Kenilworth and for the State of Maryland.

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Maintenance Property Management Property Manager Condominium 147

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. In this article, you will find the most common lease violation types. Dive into the details of lease violations and how to resolve them smoothly and successfully!

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Bay Property Management Group

NOVEMBER 25, 2024

Entering into a lease is always a time to take a pause and think about what you are doing. Wait, I thought I was signing a lease? What is the difference between a lease and a rental agreement? What is the difference between a lease and a rental agreement? What is the Difference Between a Lease and a Rental Agreement?

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Lease Landlord Property Management Property Manager 147

Condo Control

JANUARY 12, 2025

While these amenities arent free (a portion of HOA dues is allocated to amenity repair/maintenance), owners dont have to pay additional money to use them. Table of contents Will owners pay to lease recreational HOA amenities? Booking an amenity vs leasing an amenity: Is there a difference? The short answer is yes.

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Bay Property Management Group

NOVEMBER 18, 2024

There are all kinds of reasons why someone would need to break their lease. How can you break your lease without penalty? Here are some common ways in which someone might find a way to break their lease without penalties. Early Termination Cause Leases can vary a lot. Life gets in the way, right? Good question!

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Lease Lease Agreement Landlord Property Management 130

Bay Property Management Group

NOVEMBER 26, 2024

Whether your family is growing or you must relocate for work , you may have to break your lease early. For instance, you can give proper notice and also find someone to take over your lease. Today, we’ll go through the process of transferring your lease to a new tenant and tips for finding the right candidate.

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Lease Lease Agreement Property Management Property Manager 130

Rental Choice

JUNE 13, 2024

For this reason, it’s essential to conduct proper maintenance whenever the seasons change. Here are the most important parts of summer maintenance for landlords. Summer Maintenance for Landlords: What to Pay Attention To What are the most essential tasks for property maintenance in the hottest season of the year?

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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. For a variety of reasons, including clarity, responsibility, and safety, lease agreements must specify tenant and landlord maintenance obligations.

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Property Maintenance Maintenance Rental Property Property 130

American Apartment Owners Association

NOVEMBER 2, 2022

Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap. Read on to learn more about how you can ensure your rental property maintenance is handled properly.

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Property Maintenance Maintenance Rental Property Property 130

Lula

MARCH 13, 2024

A lease renewal is the process of establishing a new rental agreement with the current tenants. If you’ve dotted your i’s and crossed your t’s as a landlord or property manager, and you’ve checked out the advice in our guide for improving resident retention in rental properties , you very well may have a lease renewal on your hands.

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Lease Property Manager Property Management Landlord 130

Bay Property Management Group

DECEMBER 8, 2024

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. What Does It Mean to Cancel a Lease?

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Lease Lease Agreement Landlord Tenant 130

Buildium

JANUARY 10, 2025

Managing multifamily properties comes with its own set of challenges, from dealing with multiple leases for the same property and maintaining different types of units and common areas, to managing frequent tenant turnover and tenant relationships within a property. Lets take a look at some of those benefits in detail.

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Property Management Software Property Manager Property Management Management 243

Lula

SEPTEMBER 12, 2024

.” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.

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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. Ensure legal compliance to mitigate risks.

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Real Property Management Chicago

NOVEMBER 22, 2024

Remote work actually changes how property managers operate, from overseeing property maintenance to interacting with renters. Previously, responsibilities requiring a property manager to be in person, ranging from maintenance to inspections and beyond, can now be achieved remotely.

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Real Property Management Chicago

DECEMBER 20, 2024

Fortunately, a few basic, effective strategies can significantly keep residents happy and willing to renew their leases year after year. Ensure the Property is Properly Maintained Besides cultivating a positive relationship with your renters, staying on top of your property maintenance and repairs is also essential.

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Lease Landlord Rental Property Property Management 236

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. Legal responsibilities of a landlord Warranty of Habitability: Every lease or rental agreement includes an implied warranty of habitability, which means the premises are suitable for human occupancy.

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Tenant Landlord Lease Applications 244

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. Checking compliance with lease terms, such as pet policies or smoking restrictions.

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American Apartment Owners Association

DECEMBER 16, 2024

In this blog post, we’ll explore the following: Understanding Why Tenants Leave Rising Supply, Increasing Competition for Residents 8 Tips to Minimize Tenant Turnover Understanding Why Tenants Leave Before diving into retention strategies, it’s crucial to recognize the common reasons tenants choose not to renew their leases.

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Tenant Lease Property Management Property Manager 234

BetterWho

SEPTEMBER 21, 2024

The cost of finding a new tenant, additional maintenance, marketing the property, etc., Maintenance Matters: Keep up with regular property maintenance and embrace smart technology to monitor systems. Or is maintenance due? High turnover can drain your finances and disrupt your property management workflow.

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Property Manager Property Management Tenant Management 233

Real Property Management Evertrust

NOVEMBER 7, 2024

These conditions can be applicable in various scenarios, particularly if your tenant already handles yard maintenance and other simple activities. Lease Documents Most single-family rental property owners require their tenants to handle snow removal.

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Tenant Landlord Property Management Property Manager 228

American Apartment Owners Association

DECEMBER 9, 2024

Its essential to remember that these approaches are designed to respect legal processes and lease terms while offering alternatives that can help avoid the costs and complications of eviction. Offering to help make their move easier boosts the likelihood of agreeing to a shorter lease term.

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Real Property Management Evertrust

JANUARY 9, 2025

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. Virtual Tours and Remote Leasing A while ago, the business experienced a surge in demand for virtual tours and remote leasing processes.

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Property Management Property Manager Management Property 147

American Apartment Owners Association

DECEMBER 20, 2024

However, this isn’t always the case; emergencies, scheduled maintenance visits, and regulatory inspections should all be planned after the renter has been adequately informed. Despite these rights, property managers may legally need to initiate eviction proceedings if a tenant continually violates their lease agreement.

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Property Management Property Manager Tenant Management 214

Bay Property Management Group

JANUARY 5, 2025

Prepare a Rental Agreement After getting your house in order, your next step is crafting a rental lease. This document should clearly, thoroughly outline the terms of the rental, like rent amount and their due date, lease duration, tenants responsibilities, house rules, and more. This is a legal contract between you and your tenants.

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Rent Rental Income Property Management Property Manager 262

Bay Property Management Group

DECEMBER 30, 2024

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. Repair and Maintenance: Address all maintenance issues. Lease period: Outline the duration of the lease.

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Rent Lease Agreement Lease Landlord 147

MRI Software

NOVEMBER 10, 2024

Making the right decision between capital and operating leases is essential for businesses to manage finances effectively. These two lease types differ in their accounting treatment, financial implications, and operational considerations. What is a Capital Lease? What is an Operating Lease?

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Lease Finance Maintenance Insurance 52

MRI Software

SEPTEMBER 5, 2024

Lease management software is used by real estate teams to oversee the management of their lease portfolios, from keeping on top of administration and accounting to making strategic decisions about contract renewals. Why do you need lease management software? Lease management is a high-risk area for businesses.

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Lease Management Compliance Rent 59

American Apartment Owners Association

NOVEMBER 21, 2024

Multifamily revenue management is more than setting rent prices; it’s aligning your apartment community’s whole operation—leasing, marketing, management, and pricing—toward achieving your desired financial outcome. Leasing has a crucial role in revenue management. Are you allowing leases to expire simultaneously?

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Management Lease Apartment Rent 130

Real Property Management Evertrust

OCTOBER 7, 2024

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. The Fix: Budget for ongoing and unexpected maintenance. Preventative maintenance can also save you money in the long run.

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Buildium

JANUARY 13, 2025

Experience in handling tasks such as tenant communications, lease agreements, and maintenance coordination is particularly valuable. Their VAs are experienced in handling various property management tasks, such as tenant communications, lease administration, and maintenance coordination.

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Property Management Property Manager Management Property 246

Buildium

JANUARY 21, 2025

First: Leasing has become less profitable, with renters moving less often than they have in previous years. This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. 41% will expand the services they provide. 41% will expand the services they provide.

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Property Management Property Manager Management Broker 130

American Apartment Owners Association

JANUARY 9, 2025

Maintenance management Understanding of the scope of various maintenance requests, their timelines and costs, and how to facilitate communication with contractors and tenants. Leasing A sufficient understanding of state and local laws regarding lease agreements. What can property management software do?

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MRI Software

OCTOBER 9, 2024

A triple net lease (NNN) is one of the most popular types of commercial real estate leases in the U.S. With a triple net lease, tenants are responsible for more than just their base rent—they also cover property taxes, building insurance, and common area maintenance (CAM).

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Bay Property Management Group

JANUARY 7, 2025

For instance, you could be able to forego repair, maintenance, or property taxes. Individualized Leases The advantage of individualized leases is that they let you customize the rental agreement terms based on the tenants unique situation. So, you can adjust your lease to fit tenants with different needs.

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Rent Lease Tenant Lease Agreement 147

Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Core features are essential for the daily management of your properties and might include tenant management, maintenance management, and financial accounting.

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Property Management Software Property Management Property Manager Management 163

Florida Property Management

SEPTEMBER 13, 2024

This is a subtitle for your new post As a landlord, one of the most critical decisions you’ll face is whether to lease out a property that is currently occupied or one that is vacant and ready for new tenants. Leasing Occupied Properties Advantages : Reduced Vacancy Time: Leasing an occupied property can minimize the downtime between tenants.

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