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Tax accounting for rental property management: What landlords should know

Buildium

Rental income includes all the payments you receive from tenants. This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Knowing what constitutes rental income is the first step in effective tax accounting for your rental property.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

In the residential leasing world, May through September are known as leasing season—with July and August typically seeing the most volume. To make the most of leasing season, property managers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals.

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Questions To Ask During Your Apartment Tour

Bay Property Management Group

Understand the Lease Terms and Fees – A lease is a binding contract, so its crucial to clarify its terms. Ask about the lease duration, renewal process, rent amount, additional fees, and policies on subletting or early termination. Are repairs your responsibility, or does the management cover them?

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The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Evertrust

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.

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The Next Chapter in Property Management: Trends to Watch Out For

Real Property Management Chicago

The swift change in the rental property management industry is no surprise. All of these factors, taken together, have lastingly altered the property management landscape. What then drives property management going forward? As a professional in the industry, staying ahead of the trends is imperative.

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What Is Phrogging in Real Estate?

Bay Property Management Group

Its more common than you might think and can happen even in vacant rental units. Signs to Watch For : Look out for unexplained noises, unlocked doors or windows, personal items that dont belong, or unexpected spikes in utility bills. As our rental property management in Northern Virginia can tell you, phrogging is a real problem.

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The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Enterprises

As property managers, staying up-to-date with these innovations can assist you in keeping your competitive edge through streamlined operations and better renter satisfaction. Read on to find out some key technologies revolutionizing rental property management and affecting the industry’s future.