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, you should find a sweet spot to retain tenants and keep the units occupied.

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Bay Property Management Group

DECEMBER 1, 2024

While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. For instance, it depends on your lease type, state and local laws, and any rent control ordinances in your area. Your lease should have terms regarding rent increases, notice periods, and limits.

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Rent Landlord Property Management Property Manager 147

Rental Choice

AUGUST 6, 2024

However, both federal and state laws have something to say about smoking — even in private spaces like rental units. In addition, landlords may prohibit smoking under the rental agreement and an apartment smoker will face consequences should they ever break the rules. What about marijuana?

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MRI Software

MARCH 22, 2024

For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. This spring home maintenance checklist will guide you through essential interior and exterior maintenance tasks to keep your properties safe, efficient, and appealing to current and prospective tenants.

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Property Management Inc.

NOVEMBER 26, 2024

When it comes to a landlord's long-term success, there is nothing as important as property maintenance. Here are six essential maintenance practices you can implement for a winning property maintenance strategy. Having the tools and materials to do routine maintenance tasks can make things much smoother.

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American Apartment Owners Association

SEPTEMBER 13, 2022

Rent control places a limit on how much a landlord can charge their tenants in their lease and lease renewal. Many more rental units are affected by this program and are what most people think of when they consider New York City rent-controlled housing. there are rent control laws that affect some rental units.

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Nest DC

AUGUST 17, 2023

As a housing provider in Washington, DC, it’s crucial to understand the complexities of breaking a lease agreement. This article will discuss when breaking a lease is and isn’t legally justified and provide you with insights into your rights as a lessor of a rental unit.

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Real Property Management Evertrust

SEPTEMBER 19, 2024

The cost of heating can vary depending on the type of heating system in your rental unit—whether it’s oil, natural gas, or electric heating. Before signing a lease, make sure to ask about the heating system and who is responsible for paying the heating bills.

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Rental Choice

APRIL 4, 2024

An inappropriately priced rental unit can discourage tenants from renting or lead to potential losses. It’s important to strike a balance to make the most out of the rental property. There is no set rule or standard when it comes to determining a rental price. Factors to Consider: How Much Should I Charge for Rent?

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Buildium

JANUARY 22, 2025

The Importance of Digital Marketing in Property Management When property owners and renters begin their search for management or a rental unit, they usually start online. Through email campaigns, property managers can communicate important information, such as lease renewals and maintenance updates, as well as promotional content.

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Authority Property Management

APRIL 4, 2024

First and foremost, it's essential to recognize that tenants have a right to privacy within their rental unit. While landlords do have a legal right to access the property for certain purposes, such as maintenance and repairs, tenants also have the right to enjoy their home without undue intrusion.

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California Pacific Realty

SEPTEMBER 16, 2024

Did you know that regular rental property inspections can not only preserve the value of the property but also contribute to a more positive landlord-tenant relationship? A well-maintained rental unit is not just about aesthetics; it’s about making sure safety, comfort, and habitability for all occupants.

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RL Property Management

DECEMBER 23, 2024

If the propertys exterior is outdated or unkempt, tenants may assume the interior and maintenance are similarly neglected, leading them to look elsewhere. Incentives for Long-Term Leases: Offering perks is a great way to reduce turnover and ensure steady income. These simple efforts often result in long-term leases.

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Real Property Management Choice

OCTOBER 4, 2018

As a residential rental property owner, your goal is to add to your cash flow by increasing revenue and decreasing expenses. Often Los Angeles property owners feel that by allowing their tenants to have pets in their rental units, the property value will decrease and maintenance costs will increase so your cash flow is ultimately hurt.

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American Apartment Owners Association

NOVEMBER 2, 2022

You never know when your units could sit vacant for several months or if youll have to make a burdening repair that may offset your inflow. Here are a few ways you can increase your rental property cash flow. You dont want to raise rent significantly above what rental properties similar to yours in the area are charging for example.

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Rental Property Property Real Estate Tenant 130

Nest DC

MAY 9, 2023

As a landlord, it's in your best interest to be familiar with these laws during the tenancy and include them in your lease, to avoid conflict with tenants in small claims court. laws state housing providers must disclose any nonrefundable payment fees they charge their tenants before signing the lease agreements.

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American Apartment Owners Association

SEPTEMBER 2, 2022

Between looking for properties, acquiring them, marketing, property management, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! If youre not a do-it-yourselfer, you can always hire repair companies to fix damage and perform routine maintenance.

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Real Property Management Choice

MAY 3, 2018

Advertising, and maintenance work to get a unit rent-ready, plus showing costs are a few of the many hits your wallet will take when you have tenant turnover. It is important to know the market that your rental unit is in and keep your rent at the right amount for that market.

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Nest DC

JUNE 9, 2023

While charging more than a month's rent is not an option, charging less is an option that some property owners make in order to attract renters to their rental unit. As such, we recommend making the list in your lease comprehensive. there are also laws surrounding where you are allowed to store security deposits.

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Authority Property Management

AUGUST 3, 2024

Key provisions include: Extended Notice Periods: Increasing the notice period for evictions and lease terminations. Maintenance and Repair Mandates: Requiring landlords to address maintenance issues more promptly. Investing in technology and streamlining maintenance processes will be crucial to maintaining profitability.”

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Florida Property Management

APRIL 2, 2022

This means landlords will evaluate selling their properties to owner occupants in some cases diminishing the number of available rental units in a given market. 5- Bad tenants are incentivized to renew their leases as well as good tenants. 5- Bad tenants are incentivized to renew their leases as well as good tenants.

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Young Management

JULY 7, 2024

It also encourages tenants to stay longer in your rental unit. Keep reading this article to learn the common mistakes DIY landlords make when managing their property: Confining the Agreement to Verbal A lease contract is binding and protects both landlord and renter. It will be hard to prove what terms have been agreed upon.

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InveServe

OCTOBER 28, 2024

As we look ahead to 2025, several key trends are shaping the future of the multifamily rental market in this vibrant region. This trend is expected to continue in 2025 , as the region’s population growth and economic vitality fuel the need for quality rental units. Why Choose InveServe Corp.

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Florida Property Management

DECEMBER 16, 2023

Understand Your Lease Agreement: Before implementing any preventive measures, carefully review your lease agreement. Regularly Check for Leaks: One of the most effective ways to prevent water damage is to regularly inspect your rental unit for leaks. Check faucets, pipes, and appliances for any signs of water leakage.

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MRI Software

SEPTEMBER 10, 2024

Multifamily operating expenses are the regular costs that come with running and maintaining a rental property. These can range from maintenance and repairs to utilities, insurance, and payroll. Multifamily operating expenses per unit One way to keep track of your expenses is by looking at the cost per unit.

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MRI Software

AUGUST 3, 2024

Occupancy Rate Indicates the percentage of rental units occupied by tenants. A 100% occupancy rate means all units are leased, while 0% means none are. Tracking this KPI helps evaluate leasing strategies and tenant demand trends, informing pricing and marketing decisions and aiding in maximizing rental occupancy rates.

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Real Property Management Choice

JULY 22, 2015

Appliances California law considers appliances, such as refrigerators and dishwashers, as amenities, and their absence in a rental does not make the property uninhabitable. Therefore, landlords can customize their lease agreements with regard to the responsibilities of repairing or replacing appliances.

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Real Property Management California Coast

SEPTEMBER 2, 2022

Things to Consider Before Buying Now that you comprehend the various benefits of buying an occupied rental property, there are a few things you need to consider when making an offer. You’ll be responsible for any repairs or maintenance issues during their tenancy.

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Rental Property Tenant Property Property Management 52

Real Property Management DC Metro

SEPTEMBER 2, 2022

Things to Consider Before Buying Now that you understand several benefits of buying an occupied rental property, there are a few things you need to consider before making an offer. You’ll be responsible for any repairs or maintenance issues during their tenancy.

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Rental Property Tenant Property Property Management 52

MRI Software

AUGUST 4, 2024

A multifamily property is more than just a building with multiple rental units. It’s essential to incorporate the maintenance of these amenities into your management plan. These strategies include clear communication, regular maintenance, conflict resolution, amenity management, and organizing community events.

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Authority Property Management

DECEMBER 3, 2015

Hiring a property management service helps landlords screen and acquire good tenants, coordinate maintenance and repairs, collect and deposit fees, and perform monthly accounting. Property managers inspect previously leased units and issue tenant deposits once rentals pass move-out inspections.

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MRI Software

SEPTEMBER 5, 2024

Steady rental income Occupancy rates are crucial because they directly link to your income and profitability. High occupancy rates ensure a steady rental income, which is essential for covering operational costs and generating profit. This steady income helps you manage maintenance, utilities, and staff salaries effectively.

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Real Property Management Choice

SEPTEMBER 27, 2018

In the case of rental tenants, it’s perhaps even more true. So whether by email, phone, or carrier pigeon, staying in contact with your tenants makes everything else with managing your rental unit easier. With regular inspections and maintenance needs, your tenants need to always know what is going on around their home.

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Authority Property Management

SEPTEMBER 12, 2017

These are tenants who will pay on time, stay in the rentals for longer, handle the rental unit responsibly and not be a nuisance. Tenants are always on the lookout for better and more improved housing units. Property management services play a critical role in ensuring that your rental units are full all year long.

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Real Property Management Choice

JULY 21, 2015

This law applies to any lease executed, renewed or extended on or after 1st July 2015. and it is also their responsibility to pay for all expenses prior to installation and costs that may arise from damage, maintenance, repair, removal and replacement of the charging stations. Terminating Lease Agreement According to senate bill No.612,

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Authority Property Management

JUNE 16, 2024

Unfurnished Matters One significant flaw in Zillow's Rent Zestimates® is the failure to differentiate between furnished and unfurnished rental units. In Redding, furnished rentals typically command an additional $500 to $1,000 per month compared to unfurnished units.

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MRI Software

JANUARY 2, 2024

Codes and standards governing fire extinguishers The National Fire Protection Association (NFPA) sets guidelines for fire extinguisher types, placement, and maintenance. Fire extinguisher maintenance NFPA standards also outline specific maintenance guidelines for fire extinguishers to ensure they remain functional and effective.

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