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Tips to Minimize Tenant Turnover

American Apartment Owners Association

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up.

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How to Keep Your Tenants Safe

American Apartment Owners Association

The signing of a rental lease agreement represents an expectation of trust between a landlord and a tenant. Just as you are placing your faith in a new tenant to pay their rent on time and respect your property, they are placing their trust in you that you will keep them safe while providing them with a habitable home.

Tenant 246
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How to Become a Tiny House Landlord

American Apartment Owners Association

AvalonBay has added about 50 ADUs into some of its California communities.The average 425-square-foot studios and junior one-bedroom units generate rent between $4 and $8 per square foot. On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants.

Landlord 255
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How To Calculate A Vacancy Rate? A Guide for Landlords

Bay Property Management Group

Several Factors Influence Vacancy Rates – Population growth, rental pricing, and the local job market play key roles in determining how easily a property can attract tenants. Landlords should stay informed about market trends and set competitive rent prices to minimize vacancies.

Landlord 147
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Oregon Considers Rent Control Expansion To Newer Projects

Rental Housing Journal

Oregon lawmakers are considering rent control expansion, called rent stabilization, to include some newer buildings, according to reports. The current law applies only to residential rental units 15 years and older and limits rent increases to 10% a year. The bill is likely to face amendments going forward.

Rent 64
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What Is Vacancy Loss & How to Calculate It

Bay Property Management Group

Vacancy loss is themoney a landlord loses when rental units remain unoccupied. While its often seen in a negative light, experienced property managers in Baltimore view it as more than just lost incomeit also represents potential earnings you could gain once the units are occupied. That makes it even harder to attract renters.

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How to find the best rental property accounting software for landlords

Buildium

Managing rental properties involves more than just collecting rent and maintaining the property. Rental property accounting software offers landlords a practical way to handle these financial tasks. These features help you never miss a payment and that tenants are always aware of what they owe.