BetterWho

SEPTEMBER 21, 2024

High turnover can drain your finances and disrupt your property management workflow. The cost of finding a new tenant, additional maintenance, marketing the property, etc., The cost of finding a new tenant, additional maintenance, marketing the property, etc., Or is maintenance due? The cost of turnover adds up.

Property Manager 233

Property Manager Property Management Tenant Management 233

Buildium

JANUARY 13, 2025

Property management is a people-focused business. In this post, well cover what you need to know about property management virtual assistants, when they make sense over traditional staffing, and how to introduce them in a way that enhancesrather than disruptsthe way you do business. What Are Virtual Assistants?

Property Management 246

Property Management Property Manager Management Property 246

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

American Apartment Owners Association

DECEMBER 20, 2024

In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. Let’s examine the specifics of these rights and obligations to assist property managers in better and more effectively navigating this complex environment.

Property Management 214

Property Management Property Manager Tenant Management 214

Buildium

JANUARY 13, 2025

As a property manager, there are plenty of measures you can take to prevent fires at your owners propertiesregular inspection and maintenance of smoke detectors and fire extinguishers, tenant education on fire hazards, updating electrical systems and appliances, to name a few. What Is Dwelling Fire Insurance for Rental Properties?

Insurance 246

Insurance Property Manager Property Management Landlord 246

Bay Property Management Group

DECEMBER 19, 2024

At Bay Property Management Group, we are Baltimore property management professionals focused on customer service. We know that our success is due to our awesome team members and how they each contribute something special to our property management company. BMG prioritizes addressing resident concerns quickly and effectively.

Maintenance 147

Maintenance Property Management Property Manager Condominium 147

Appfolio

MARCH 16, 2021

It’s one of the property management industry’s most pressing pain points. . While the average turnover rate across all industries stands at 22% , the property management industry has a turnover rate of 32.7%. . So what can be leaders and managers do to improve retention? How can their manager help facilitate their growth?”.

Property Management 289

Property Management Property Manager Management Property 289

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?

Lease 147

Lease Landlord Property Management Property Manager 147

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

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

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? Whats in it for the HOA?

Lease 130

Lease Applications Applicants Management 130

Buildium

NOVEMBER 12, 2024

As a large property management company, you know how important it is to establish standard processes and leverage technology. It’s no secret that finding new units to manage can be tough right now. In our Industry Report , 36% of property management professionals said that’s how they plan to grow in the next two years.

Property Management 243

Property Management Property Manager Management Property 243

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

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? As the premiere property managers in Philadelphia , we get this question often. Here are some common ways in which someone might find a way to break their lease without penalties. Good question!

Lease 130

Lease Lease Agreement Landlord Property Management 130

Rental Choice

MAY 7, 2024

One of the most important is rental property maintenance. Why Is Rental Property Maintenance Important? Property maintenance for rentals is crucial for several reasons. Firstly, proper maintenance is vital for finding good tenants. Secondly, maintenance is crucial to maintain your property’s value.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Landlord 130

Appfolio

AUGUST 28, 2020

As a property manager, you might be wasting lots of time and money every month manually collecting rent, preparing deposit slips, and making trips to the bank to deposit funds. This saves management a ton of paperwork and cuts rent week workload by at least 50% compared to the days when online rental payments were not available.”. #2

Property Manager 286

Property Manager Property Management Rent Management 286

Buildium

DECEMBER 5, 2024

Buying property management software can be a big investment and—like any big investment—you want to be sure you’re making an informed purchasing decision, one backed by advice you can trust. Where do you find property management reviews in the first place? For example, one user might mention certain features that another user doesn’t.

Property Management Software 230

Property Management Software Property Manager Property Management Management 230

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. Generally speaking, yes.

Lease 130

Lease Lease Agreement Property Management Landlord 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

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

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

Buildium

OCTOBER 21, 2024

One of the biggest responsibilities you’ll have as an association manager is keeping your HOA’s finances in good shape. Finances are the backbone of any association, and managing them well is a large part of protecting a community’s longevity. How do you ensure the budget stays on track? What are HOA Finances?

Finance 245

Finance Management Attorney Consulting 245

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?

Lease 130

Lease Lease Agreement Landlord Tenant 130

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.

Maintenance 130

Maintenance Rental Property Single-Family Home Property 130

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.

Lease 236

Lease Landlord Rental Property Property Management 236

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!

Property Management 147

Property Management Property Manager Landlord Management 147

Buildium

JANUARY 21, 2025

Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. Property Management Companies Rate of Revenue Growth In Buildiums most recent survey of thousands of property management professionals, 91% said they expected their companys revenue to increase over the next two years.

Property Management 130

Property Management Property Manager Management Broker 130

Buildium

NOVEMBER 5, 2024

Property managers are going to be busy in 2025. According to our 2025 Property Management Industry Report , 91% of property managers we surveyed plan to expand their portfolios in the next two years. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.

Property Management 227

Property Management Property Manager Management Property Management Software 227

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?

Maintenance 130

Maintenance Landlord Property Maintenance Tenant 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.

Property Maintenance 130

Property Maintenance Maintenance Rental Property Property 130

American Apartment Owners Association

DECEMBER 16, 2024

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. For property management companies and landlords, focusing on tenant retention is not just a smart business move it’s essential for long-term success.

Tenant 234

Tenant Lease Property Management Property Manager 234

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.

Tenant 228

Tenant Landlord Property Management Property Manager 228

Genuine Property Management

SEPTEMBER 19, 2024

When you rent a home, it’s common to wonder who handles repairs and maintenance. The answer usually depends on the terms of your lease agreement and the type of repair in question. While every situation is different, property managers often play a key role in managing repairs.

Property Management 130

Property Management Property Manager Lease Agreement Management 130

Bay Property Management Group

JANUARY 5, 2025

We provide the information you need to assess your financial situation and find the right property management support. If you’re considering hiring help to manage your rental property, looking into Baltimore property management companies can be a good first step. But where do you even begin? Keep reading to find out more.

Rent 262

Rent Rental Income Property Management Property Manager 262

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

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.

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Management Lease Apartment Rent 130