5 Maintenance Areas to Improve Your NOI
Appfolio
AUGUST 18, 2021
Property maintenance and utilities represent some of the largest, most difficult-to-control hard costs at your properties. When managed with outdated.
Don’t get caught off-guard: Forecasting tips for on-time, on-budget rental property maintenance
Buildium
DECEMBER 4, 2024
Whether you’re new to forecasting rental property maintenance costs or simply looking to improve, this guide has you covered. Property Condition: A property’s maintenance history plays a big role in its repair needs. If your properties are in a hurricane-prone area, for instance, they may require regular storm-prep maintenance.
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Rental Property Maintenance Guide For Landlords
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.
HVAC Preventative Maintenance for Single-Family Rental Properties
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.
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Essential Home Maintenance Tips for Renters: Small Tasks to Keep Up With
Real Property Management Evertrust
SEPTEMBER 27, 2024
Maintaining your rental residence may seem minor, but regular maintenance can save you from costly repairs and foster a positive relationship with your landlord. In this blog post, we will explore ten essential small maintenance tasks every renter should tackle to keep their home in good condition. Basic Appliance Maintenance.
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Who is Responsible for Rental Property Maintenance?
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. For a variety of reasons, including clarity, responsibility, and safety, lease agreements must specify tenant and landlord maintenance obligations.
Summer Maintenance For Landlords: Getting Rental Homes Summer Ready
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?
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Stay Warm & Save Money: Smart Ways to Lower Your Winter Utility Bills
Nest DC
DECEMBER 19, 2024
As your local property management experts with 16 years of experience keeping homes comfortable through every season, we've compiled proven strategies to help you maintain warmth while keeping those utility bills in check. Want to stay ahead of winter maintenance issues while you're saving on utilities?
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Marketing an HOA management company: What to focus on plus 8 strategies to keep and win clients
Buildium
DECEMBER 26, 2024
Community managers should look toward utilizing software that allows for online rent collection , conveying the ease and reliability these kinds of tools can offer to HOA boards. Reliable vendor relationships lead to reliable maintenance and repair work and happier boards.
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Minimizing Investment Risks in Multifamily Real Estate
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. Ensure legal compliance to mitigate risks.
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Essential Advice for Property Managers: Tips and Strategies for Success
BetterWho
DECEMBER 3, 2024
Be Proactive : Address maintenance requests promptly to build trust and avoid costly repairs. Efficient Maintenance Strategies Regular upkeep is the backbone of successful property management. Schedule Routine Inspections : Use the best property manager apps to track and schedule maintenance tasks.
Essential Advice for Property Managers: Tips and Strategies for Success
BetterWho
DECEMBER 3, 2024
Be Proactive : Address maintenance requests promptly to build trust and avoid costly repairs. Efficient Maintenance Strategies Regular upkeep is the backbone of successful property management. Schedule Routine Inspections : Use the best property manager apps to track and schedule maintenance tasks.
Essential Home Maintenance Tips for Renters: Small Tasks to Keep Up With
Real Property Management Enterprises
SEPTEMBER 27, 2024
Here are ten maintenance tips to help you stay ahead of repairs and maintain a good relationship with your landlord. By changing the direction of your ceiling fan twice a year, you can help control your utility bills. Regular water heater maintenance can help ensure you have plenty of hot water all year round.
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The Next Chapter in Property Management: Trends to Watch Out For
Real Property Management Chicago
NOVEMBER 22, 2024
Remote work actually changes how property managers operate, from overseeing property maintenance to interacting with renters. Previously, responsibilities requiring a property manager to be in person, ranging from maintenance to inspections and beyond, can now be achieved remotely.
The Future of Rentals: Technology’s Impact on Property Management
Real Property Management Evertrust
JANUARY 9, 2025
Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. Automation Enhances Maintenance Efficiency Managing property maintenance and repair is a significant duty for many rental property managers and owners.
Gross Lease vs. Net Lease vs. Triple Net Lease: A Guide
Bay Property Management Group
NOVEMBER 25, 2024
The fee includes all of the costs associated with property ownership – taxes, insurance, utilities – so in that way, it is intended to be “all-inclusive”… it simplifies things for tenants in many ways. It is a lease in which the tenant agrees to pay the property owner a flat rental fee.
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What is ratio utility billing system (RUBS)?
MRI Software
MARCH 6, 2024
Managing utilities in a multifamily property can be a complex task for landlords and property managers. The ratio utility billing system (RUBS) provides a solution that can streamline utility management, ensuring efficient and accurate utility billing. But what is a ratio utility billing system? Occupants per unit.
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Snow Removal Responsibilities in Rentals: A Guide for Landlords and Tenants
Real Property Management Evertrust
NOVEMBER 7, 2024
Some may even prohibit what kinds of road salt or other deicing materials you can utilize on your walkways and driveways. These conditions can be applicable in various scenarios, particularly if your tenant already handles yard maintenance and other simple activities.
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What are infrastructure requirements for utilizing solar energy?
MRI Software
OCTOBER 7, 2024
As a property manager or landlord, understanding what are infrastructure requirements for utilizing solar energy is crucial to making the switch successfully. In this guide, we’ll cover everything you need to know—from the basic components of a solar energy system to key considerations like grid integration, maintenance, and safety.
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Seasonal Window Placement: How To Adapt To Sunlight And Weather Changes
American Apartment Owners Association
NOVEMBER 18, 2024
To most effectively utilize window placement, it is necessary to understand how sunlight behaves during the year. Seasonal maintenance Windows needs regular maintenance throughout these transitional seasons for optimal performance. Regular maintenance 1. According to the U.S. Seasonal variations in sunlight 1.
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Navigating the Storm: Effective Crisis Management for Rental Properties
Real Property Management Evertrust
NOVEMBER 22, 2024
Unexpected crises – an inevitable tragedy, protracted power outage, or emergency maintenances – can create major disruptions for rental properties. For property owners, these incidents can bring about property damage, renter displacement, and costly repairs.
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Top 5 Weather Proofing Hacks for Winter
American Apartment Owners Association
SEPTEMBER 30, 2024
To learn more about how Livable can help you offset your rising utility costs, schedule a discovery call and let’s calculate your savings! By investing in these essential maintenance tasks, youll not only enhance tenant comfort but also protect your investment. Winter is comingare your properties ready?
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What are property maintenance services?
MRI Software
MARCH 3, 2024
Regular maintenance ensures that your property is a safe and comfortable place for tenants, helps avoid the expense of major repairs, and contributes to increasing the property’s value over time. For landlords and property managers, the challenge of managing maintenance tasks can be overwhelming. What is general property maintenance?
Accounting Software for Cooperative Housing Society
ADDA
OCTOBER 24, 2024
Key Features of ADDA Books Automated Billing and Payments Effortlessly generate invoices for maintenance fees, penalties, and other charges. Income Tracker Track all incoming payments in real-time, including maintenance fees, penalties, and contributions. Compatible with smart meters for utility tracking and other front-end apps.
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What is a Duplex?: A Guide for Real Estate Beginners
Bay Property Management Group
JANUARY 20, 2025
Separate Utilities: Many times, each unit can have its own utility meters for water, electricity, and gas. Since each unit has separate utilities, tenants are only responsible for paying for their own usage. These include your mortgage, property taxes, utilities, maintenance, etc.
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How To Manage Your Society Clubhouse?
ADDA
OCTOBER 23, 2024
Clubhouse management involves the administration, maintenance, and efficient utilization of the clubhouse facilities within a residential society or apartment complex. Facility Maintenance Regular cleaning and upkeep of spaces such as gyms, swimming pools, and common areas are crucial. Key Aspects of Clubhouse Management 1.
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Tips to Minimize Tenant Turnover
American Apartment Owners Association
DECEMBER 16, 2024
Utilize GenAI to understand context and sentiment in communications, enabling more nuanced and personalized interactions. Offer tiered rewards for tenant loyalty, such as exclusive perks or customized maintenance schedules. Leverage AI-powered solutions to provide instant, round-the-clock communication.
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Guide to Rental Bookkeeping
ADDA
SEPTEMBER 21, 2024
This includes rent collection, expenses like maintenance and repairs, utility bills, mortgage payments, and any other costs related to the management of rental properties. This includes not only the monthly rent payments but also any additional income from sources such as parking fees, late fees, or maintenance charges.
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How To Manage Your Society Clubhouse?
ADDA
OCTOBER 23, 2024
Clubhouse management involves the administration, maintenance, and efficient utilization of the clubhouse facilities within a residential society or apartment complex. Facility Maintenance Regular cleaning and upkeep of spaces such as gyms, swimming pools, and common areas are crucial for effective community asset management.
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Top Tips for Managing Multi-Family Rentals Efficiently
Bay Property Management Group
DECEMBER 11, 2024
Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. Don’t forget maintenance : According to government regulations, you must provide your tenants with a safe and habitable place to live. Managing multi-family rentals is a huge task.
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10 Key Lease Negotiation Tactics for Managing Commercial Properties
Beach Front Property Management
NOVEMBER 20, 2024
Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities. Net Lease: Leaseholders cover some or all of taxes, insurance, and maintenance (the “three nets”) in addition to rent. You can reach us at BFPMInc.
Rules for Renting a Room in Your House You Should Know
Bay Property Management Group
JANUARY 7, 2025
By renting out a room, you can help cover your mortgage, property taxes, utility bills, and more. Needless to say, this can help you cover expenses like mortgage payments, utility bills, groceries, or even savings for future goals. For instance, you could be able to forego repair, maintenance, or property taxes.
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Property maintenance services list: The complete guide
MRI Software
MARCH 1, 2024
Routine maintenance of your multifamily property is essential for preserving its value and ensuring tenant satisfaction. Multifamily property maintenance comes with a host of responsibilities, from the routine cleaning of communal areas to the safety-critical testing of fire alarms.
Understanding HOA finances: A practical guide for association managers
Buildium
OCTOBER 21, 2024
The funds cover everyday maintenance as well as future projects and improvements, ensuring the community stays well-maintained and prepared for any upcoming needs. Utilities and Services Any utilities that aren’t billed directly to individual members will need to be accounted for in the budget.
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Is it Better to Rent or Buy a House in California?
Beach Front Property Management
DECEMBER 18, 2024
Renting often comes with lower annual costs, as residents are not responsible for property maintenance or significant repairs. No maintenance responsibilities : Residents are usually not responsible for home repairs or maintenance. It is a common question with no universal answer. Budgeting for repairs is essential.
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Eliminating Pet Odors: A Guide for Rental Property Owners
Real Property Management Chicago
FEBRUARY 8, 2024
Utilize enzymatic cleaners to clean carpets, upholstery, and hard surfaces on a regular basis to eliminate pet odors. Additionally, regular cleaning and maintenance can safeguard against the development of pet odors. Utilizing cleaning products that are safe for both humans and pets is essential.
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How to Choose the Right Property Management Company for Your Rental Property
Real Property Management Chicago
MARCH 7, 2024
Luckily, property management companies exist to aid you with tasks like tenant screening, rent collection, and maintenance. Certain companies offer comprehensive management services, covering tasks such as property advertising and maintenance handling, while others offer limited services such as tenant screening or rent collection.
What is a Colonial Style House? Characteristics Explained
Bay Property Management Group
DECEMBER 25, 2024
Challenges of Older Homes While Colonial-style homes are visually appealing and unique, they may present challenges like high maintenance costs, outdated infrastructure, and potential hazards like lead paint. This would be appealing for utility cost savings. What is a Colonial-style House? The post What is a Colonial Style House?
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A Complete Guide to Renting Out Your House
Bay Property Management Group
DECEMBER 30, 2024
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. Also, explain details such as late payment penalties, payment methods, and any fees for maintenance or utilities.
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Important Lease Clauses For Landlords
Beach Front Property Management
SEPTEMBER 26, 2024
It outlines details like pet policies, guest allowances, parking, and maintenance procedures. If your renter needs to request maintenance, for example, having it in writing in an email provides you with details of the request and a date and time stamp of when it was sent. Repairs and Maintenance.
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Reducing maintenance costs: Essential tips for multifamily rental property landlords
MRI Software
SEPTEMBER 4, 2024
Reducing maintenance costs is understandably a top priority for multifamily property landlords. Efficient property maintenance not only saves you money but also enhances tenant satisfaction. In fact, studies show that proactive maintenance can reduce overall costs by up to 30% !
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A Comprehensive Guide for First-Time Apartment Hunters
Real Property Management Chicago
AUGUST 30, 2024
You may also face other deposits and fees, like credit check fees, utility deposits, and additional expenses. It’s important to find out if utilities are covered by the rent or if you’ll need to pay for them yourself. If utilities aren’t included, you’ll need sufficient funds to establish basic services.
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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency
Appfolio
JULY 13, 2020
Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation. Invest in a property-wide deep cleaning, and address any maintenance issues that have been put off. Protect your human assets.
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The Ultimate Apartment Move-In Checklist: A Complete Guide for a Hassle-Free Move
ADDA
DECEMBER 1, 2024
From inspecting the apartment to setting up utilities, this guide will help ensure you don’t miss a thing. Avoiding last-minute surprises with utilities or furnishings. Understand the terms for rent payment, security deposits, and maintenance responsibilities. What Is an Apartment Move-In Checklist?
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