article thumbnail

How to Maximize Rental Income Without Raising Rent

Bay Property Management Group

That means being proactive to avoid frustrating maintenance issues, sending friendly seasonal reminders, and showing genuine care for tenants concerns to help build trust. Improve Property Maintenance : Proactively performing routine maintenance increases tenant retention and satisfaction.

article thumbnail

HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

” 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Much Does Property Management Cost?

Property Management Inc.

It's common for property managers to adjust their prices depending on the number of bedrooms, the square footage of the home, or the number of units in a multi-family building. They may charge higher fees for these buildings or take a larger percentage of the rent.

article thumbnail

How to Plan for Unexpected Repairs: Building a Reserve Fund for Capital Expenses

RL Property Management

Industry experts recommend saving 1-3 months’ rent per property to build a solid reserve fund. However, the amount can vary depending on several factors, including the property’s age, condition, and the type of rental unit (single-family homes vs. multi-family buildings).