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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

High turnover can drain your finances and disrupt your property management workflow. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., Or is maintenance due? The cost of turnover adds up.

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Tips for Managing a Profitable Holiday Rental Property

AirKeeper

Managing a holiday rental property can be a rewarding venture, offering both flexibility and the potential for significant income; however, the journey to profitability isnt always straightforward. For self-managing owners, the challenge lies in balancing these tasks efficiently to maximise returns.

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A Complete Guide to Renting Out Your House

Bay Property Management Group

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. Repair and Maintenance: Address all maintenance issues. As a rule, you should hire professionals to ensure your property is compliant with applicable safety codes.

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Tips for Managing a Profitable Holiday Rental Property

AirKeeper

Managing a holiday rental property can be a rewarding venture, offering both flexibility and the potential for significant income; however, the journey to profitability isn’t always straightforward. For self-managing owners, the challenge lies in balancing these tasks efficiently to maximise returns.

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Tired of Rental Property Maintenance? Why Not Hire A Property Manager Instead?

Real Property Management California Coast

The second and better option is to separate their physical presence from the daily operations of their investment properties by hiring a professional property manager to oversee the assets. The Upkeep Media Inc. team says hiring a property manager is about two things: freedom and sustainability.

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The NAR Lawsuit: How Property Managers Can Deal With Its Fallout

BetterWho

Integrating property management software that improves tenant communication or streamlines maintenance requests can add value to your services, justify your fees, and distinguish your business in a competitive market. Realtors might dabble in property management as a side hustle, but their inexperience can lead to mistakes.

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Renting Out Your House: Everything You Need to Know

Nest DC

Research the local real estate market to determine what similar properties are renting for in your neighborhood. Factor in your mortgage, property taxes, insurance, and maintenance costs to ensure your rental income covers all expenses and leaves you with a profit.

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