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?

Lease 52

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.

Lease 59

Lease Management Compliance Rent 59

MRI Software

APRIL 25, 2024

However, juggling leases can be a complex task of documents, deadlines, and specifics that often challenge even the most experienced lease managers. With the shift to ASC 842 and other global accounting standards, the demand for structured lease management has grown.

Lease 52

Lease Management Compliance Finance 52

MRI Software

NOVEMBER 11, 2024

The new lease accounting standards— ASC 842 lease accounting for U.S. The new lease accounting standards: what’s changed? The new lease accounting standard introduces major shifts in how leases are reflected on financial statements. Previously, companies could keep operating leases off their balance sheets.

Lease 52

Lease Compliance Finance Lease Agreement 52

Real Property Management Chicago

SEPTEMBER 13, 2024

Conducting Due Diligence The immediate cash flow and turnkey nature of acquiring a leased property can make it seem like a great choice for your next investment. However, don’t assume that a leased property is in good condition or that the tenants are reliable and pay rent on time.

Tenant 130

Tenant Lease Agreement Property Lease 130

American Apartment Owners Association

DECEMBER 9, 2024

Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. When making leasing decisions, it’s essential to prioritize tenant screening as 80% of landlords believe it to be the most critical factor.

Real Estate 223

Real Estate Compliance Maintenance Tenant 223

Authority Property Management

MAY 7, 2024

However, the negotiation stage before signing a lease can significantly impact your long-term success. Mastering lease negotiation strategies empowers you to strike win-win agreements that benefit both you and your tenant. Important Lease Terms : Security Deposit: Understand local regulations regarding maximum security deposit amounts.

Lease 52

Lease Rental Property Lease Agreement Property 52

MRI Software

DECEMBER 6, 2023

In the pursuit of sustainable practices and the race towards achieving net-zero targets, an instrumental tool has emerged in the real estate landscape: green leases. Primarily associated with commercial properties, green leases are a forward-thinking response to escalating environmental concerns. Why are green leases important?

Lease 52

Lease Landlord Real Estate Tenant 52

Property Management Inc.

NOVEMBER 26, 2024

Often, these pet families take good care of your home and are likely to renew their lease at the end of the initial agreement. Allowing pets in a rental unit presents risks too, but you can charge a pet deposit to cover them. Read on for guidance on managing an unauthorized pet lease violation in your rental home.

Lease 52

Lease Landlord Lease Agreement Rental Unit 52

Authority Property Management

JANUARY 5, 2018

How to Correctly Break Your Rental Lease The moving process is never fun, especially when it involves breaking a rental lease. Altering a rental lease accurately will make it easier for both you as the renter and us as the rentees. Let’s take some time to go over how to correctly break your rental lease.

Lease 52

Lease Tenant Rent Property Management 52

Rental Choice

DECEMBER 31, 2024

Common Holiday Rent Collection Challenges Collecting rent during the holidays can present several challenges and inconveniences. Lease Clauses To make things easier for landlords and tenants in the long run, landlords may include stipulations about holiday rent payments in lease agreements. Communication is key.

Landlord 130

Landlord Rent Lease Agreement Tenant 130

American Apartment Owners Association

SEPTEMBER 19, 2022

Although not frequent, relay calls do come into leasing offices. While this form of communication can be helpful, it is also time-consuming, posing a problem for a very busy leasing office. Go about your regular presentation and only offer this information if asked. Do they comply with fair housing laws?

Lease 130

Lease Compliance IT Property 130

Authority Property Management

JUNE 30, 2015

For Rent or for Lease, What’s the difference? Is that unit or property for rent or for lease? Leasing: Leasing is a long-term that is present. The provisions of a Lease may not be changed during the term without the consent of all parties involved. This question comes up often in Real Estate.

Lease 52

Lease Apartment Rent Landlord 52

Real Property Management Choice

MAY 9, 2024

Lease renewals make you money. Let’s talk about why lease renewals are worth your effort, and how you can ensure you’re likely to retain your best residents. Lease Renewals: The Benefits Why does a good tenant retention plan matter? Because it ultimately leads to lease renewals. And, why do lease renewals matter?

Lease 52

Lease Tenant Lease Agreement Landlord 52

Real Property Management Chicago

FEBRUARY 26, 2021

So, to avoid frustrating your tenants, it is important to include the rules regarding vehicles and parking in your lease documents and offer solutions to the tenants as well. Always err on the side of caution and include parking clauses in your lease agreement with tenants even if your property is large enough to not have parking issues.

Tenant 130

Tenant Lease Rental Property Lease Agreement 130

MRI Software

AUGUST 3, 2024

This guide offers best practices for managing lease renewals and strategies for dealing with tenants who decide not to renew. How to ask a tenant if they will renew lease As a tenant’s lease period comes to an end, it’s your responsibility to start the renewal conversation.

Lease 52

Lease Tenant Landlord Rent 52

American Apartment Owners Association

OCTOBER 18, 2024

However, enforcing these limits while remaining compliant with fair housing laws can present challenges, particularly when requests for reasonable accommodation are involved. This involves engaging with the residents to discuss the terms of the lease and the occupancy policy. Can Occupancy Limits Be Enforced?

Compliance 132

Compliance Lease Agreement Property Management Property Manager 132

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.

Lease 52

Lease Lease Agreement Rental Unit Tenant 52

Buildium

NOVEMBER 12, 2024

For example, data analytics can help pinpoint what you should charge for services, the most effective leasing strategies, or what market to invest in next. Some other areas that property managers have found these assistants helpful for beyond accounting include leasing coordination, marketing, collections, and tech support.

Property Management 243

Property Management Property Manager Management Property 243

American Apartment Owners Association

AUGUST 30, 2024

Tasks like tour scheduling, applicant vetting, lease renewals, rent collection, and maintenance requests are prime candidates for automation. Smart Leasing: Platforms like Apartment List and its GenAI sales assistant Lea Pro can revolutionize the leasing process byautomating lead management, scheduling tours, and collecting applications.

Lease 132

Lease Property Management Property Manager Maintenance 132

Real Property Management Evertrust

OCTOBER 7, 2024

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Resolution Tip: Have a lawyer review your lease agreement to ensure it complies with state and local laws.

Tenant 130

Tenant Lease Agreement Landlord Lease 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. The landlord provides this notice, which includes written reasons for the eviction, such as repeated late payments or other serious breaches of the lease agreement.

Tenant 147

Tenant Landlord Lease Agreement Property Management 147

Appfolio

DECEMBER 4, 2020

Technology has automated many of the tedious, manual tasks for property management businesses, and helped them to significantly improve a range of processes from onboarding and training to leasing and maintenance. It can be difficult when employees are technically working together, but are in different states.

Property Management 273

Property Management Property Manager Management Property 273

Real Property Management Chicago

JUNE 29, 2023

Investing in multifamily rental properties as opposed to single-family rental properties can expand a portfolio and present new financial opportunities. It’s crucial to first understand any potential difficulties with multifamily leases.

Multi-Family Building 130

Multi-Family Building Commercial Property Single-Family Home Finance 130

Esquire Property Management Group

JANUARY 9, 2024

Weighted Average Lease Term for Commercial Real Estate Weighted Average Lease Term, commonly referred to as WALT, is an important metric that commercial real estate investors and commercial property managers are well-versed in, or at least they better be.

Lease 52

Lease Real Estate Commercial Property Management Commercial Property 52

American Apartment Owners Association

DECEMBER 2, 2024

Tell your present landlord; start compiling moving bids; start packing things you won’t need right away. This entails looking at possible relocation dates, starting to go through your stuff, and progressively gathering required packing materials. Your responsibilities will grow more concrete and pressing as the moving date approaches.

Apartment 201

Apartment Insurance Utilities License 201

Bay Property Management Group

JANUARY 1, 2025

For instance, if you were evicted because of unpaid rent, you could present paystubs of steady income you’ve received in the past year. Contact us today to speak to one of our dedicated leasing agents. They might as well discover it on your terms. Also, you could show financial obligations that you’ve consistently met.

Applications 147

Applications Applicants Landlord Property Management 147

American Apartment Owners Association

DECEMBER 9, 2024

Present Creative Options Offering a range of creative solutions is key in negotiation. This strategy often leads to suboptimal outcomes, with potential value left unexplored. Instead, successful negotiation involves proposing various win-win scenarios, where both parties feel they are achieving most of their objectives.

Real Estate 235

Real Estate Rental Income IT Lease 235

Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Look for features that allow you to easily track tenant information, lease agreements, rent payments, and communication history. Maintenance requests can be easily tracked and managed.

Property Management Software 163

Property Management Software Property Management Property Manager Management 163

Real Property Management Enterprises

AUGUST 29, 2024

Some renters also appreciate not having someone present to ask intrusive questions or make them feel like they need to make a hasty decision. Self-showings are best suited for leasing rental properties that are already vacant. A landlord or leasing agent should be able to share this information with you when you view the property.

Property 80

Property Property Management Property Manager Landlord 80

Multifamily Insiders

DECEMBER 3, 2024

This is the fourth in a 9-part series of “quick hit” blogs on the quickest way to uncover hidden revenue from leasing based on the presentation Bryan Pierce, Carol Enoch and Donald Davidoff gave at NAA’s 2024 Apartmentalize conference. Just enter those as “$0 amenities.”

Lease 64

Lease Rent Management IT 64

Multifamily Insiders

DECEMBER 18, 2024

This is the last in a 9-part series of quick hit blogs on the quickest way to uncover hidden revenue from leasing based on the presentation Bryan Pierce, Carol Enoch and Donald Davidoff gave at NAAs 2024 Apartmentalize conference. We lease a variety of apartments with a variety of amenities, so. So how do we do that?

Lease 59

Lease Apartment IT 59

Multifamily Insiders

DECEMBER 9, 2024

This is the fourth in a 9-part series of quick hit blogs on the quickest way to uncover hidden revenue from leasing based on the presentation Bryan Pierce, Carol Enoch and Donald Davidoff gave at NAAs 2024 Apartmentalize conference. This is because those reports only audit the base rent as they assume amenity pricing is correct.

Lease 59

Lease Rent Management IT 59

Real Property Management DC Metro

SEPTEMBER 27, 2024

Most renters like leasing their homes owing to the fact that it gives more flexibility and freedom than buying their own. Appealing to Long-Term Renters Leasing to people who want to rent instead of buy may cause you to shift your standard approach to renting your property. Many renters like to know they can choose to move if needed.

Rent 89

Rent Property Management Property Manager Lease 89

Sunstar Realty

JANUARY 15, 2025

Lease term: minimum one year lease. This property is not offered on a first come first serve basis; all applications will be carefully screened before presentation to owners for selection. - Move-in/out fees: as per strata bylaws. Pets: sorry not this one. Absolutely no smoking please.

Applications 52

Applications Applicants Lease Rent 52

American Apartment Owners Association

NOVEMBER 27, 2024

Risk-Sharing Through Syndication Real estate syndication presents a strategic opportunity for investors to pool resources and collectively share risks in multifamily property investments. Building strong tenant relationships not only fosters a positive living environment but also leads to higher lease renewal rates.

Real Estate 130

Real Estate Compliance Property Management Property Manager 130

Real Property Management Chicago

JUNE 4, 2021

At Real Property Management Chicago Group, we make sure due diligence is present in every aspect of how we function. On top of that, we will help you get suitable landlord insurance and provide high-quality, detailed lease documents that clearly outline the terms of your agreement with your tenant.

Property Management 130

Property Management Property Manager Apartment Management 130