Bay Property Management Group

JANUARY 5, 2025

Are you considering renting out your first home and buying a second one to live in? Buying a second home while renting out the first has been a popular option for many homeowners looking to build wealth. There are a few considerations to make before buying a second home and renting out the first. But where do you even begin?

Rent 262

Rent Rental Income Property Manager Property Management 262

Buildium

MARCH 19, 2025

Managing rental properties involves more than just collecting rent and maintaining the property. These tools simplify everything from tracking rent payments to generating tax reports, which ultimately saves time and reduces errors. Rental property accounting software offers landlords a practical way to handle these financial tasks.

Rental Property 130

Rental Property Landlord Property Utilities 130

Bay Property Management Group

JANUARY 26, 2025

’ Whether you’re renting out one property or several, understanding taxes is crucial for your business’s health. As property management in Baltimore can tell you, renting out a property is a business. Rental income is the money you get by renting out your property. Read below to learn more!

Rental Income 130

Rental Income Landlord Insurance Utilities 130

Bay Property Management Group

FEBRUARY 11, 2025

Ask about the lease duration, renewal process, rent amount, additional fees, and policies on subletting or early termination. Know Whats Included in Your Rent – Clarify whether utilities like water, electricity, gas, and internet are included in the rent or if they need to be paid separately.

Apartment 130

Apartment Lease Insurance Rent 130

Authority Property Management

MARCH 28, 2025

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

Rent 59

Rent Tenant Landlord Rental Income 59

Rental Housing Journal

NOVEMBER 26, 2024

Ohio legislators are considering a bill to make tenants responsible for unpaid utility bills and other municipal bills, and to allow cities to collect unpaid bills directly from renters, according to reports. If a landlord is hit with this, they’re going to recover it with [higher] rent for everybody.”

Utilities 98

Utilities Landlord Tenant Apartment 98

Bay Property Management Group

MARCH 24, 2025

The monthly rent often covers everything, like utilities, Wi-Fi, cleaning, and access to shared spaces. For instance, they handle marketing, tenant management, utilities, and upkeep. In turn, the investor rents out individual rooms to generate revenue. Coliving vs. Traditional Renting: Which is Better?

Real Estate 130

Real Estate Lease Fixed Fee Tenant 130

Bay Property Management Group

MARCH 25, 2025

Renting to tenants who can reliably pay on time, every time. Main Takeaways The income verification process is a core part of finding qualified tenants who can pay the rent on time. A landlord’s top concern is finding tenants who they can rely on to pay the rent on time, every time. So, how do you make that happen?

Apartment 130

Apartment Landlord Tenant Rent 130

Bay Property Management Group

DECEMBER 1, 2024

Rent increases are pretty much unavoidable. While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. So, if you’re facing a rent increase, there are a few things to remember. Contents of This Article: How Often Can Your Landlord Increase Rent?

Rent 147

Rent Landlord Property Manager Property Management 147

Bay Property Management Group

JANUARY 20, 2025

Article Contents Key Features of a Duplex Benefits of Investing in Duplexes Tips for Buying and Renting Out a Duplex Key Features of a Duplex What is a duplex, anyway? Separate Utilities: Many times, each unit can have its own utility meters for water, electricity, and gas. But how do you go about buying and renting one out?

Real Estate 130

Real Estate Single-Family Home Regulation Utilities 130

American Apartment Owners Association

JANUARY 27, 2025

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property 200

Property Insurance Rental Income Real Estate 200

Bay Property Management Group

JANUARY 7, 2025

If you need extra income, renting out a spare room can be a great solution. By renting out a room, you can help cover your mortgage, property taxes, utility bills, and more. To make the right decision, establish clear rules for renting a room in your house. However, its not as simple as it looks.

Rent 147

Rent Lease Tenant Lease Agreement 147

Buildium

MARCH 19, 2025

Why Rental Leasing Software Is Becoming a Must-Have for Landlords Many landlords start their journey by handling lease agreements, rent payments, and tenant applications manually. Increases Efficiency Landlords often spend hours each week managing paperwork, tracking rent payments, or handling tenant communication.

Lease 130

Lease Landlord Lease Agreement Tenant 130

Bay Property Management Group

DECEMBER 30, 2024

Considering renting out your house? Read on to understand the process of renting out your house and avoid potential hiccups. Read on to understand the process of renting out your house and avoid potential hiccups. Renting out your house can give you several benefits. There are many reasons you could be here.

Rent 147

Rent Lease Agreement Lease Landlord 147

Beach Front Property Management

DECEMBER 18, 2024

Should you rent or own a home? Renting often comes with lower annual costs, as residents are not responsible for property maintenance or significant repairs. Here, we will learn about owning vs renting in detail. Flexibility to relocate : Renting makes it easier to move to a new job or school in a different city or state.

Rent 130

Rent IT Maintenance Utilities 130

American Apartment Owners Association

APRIL 3, 2025

From tracking rent payments and expenses to handling invoices and bank reconciliation, your accounting practices can make or break your efficiency. Paying vendors, maintenance teams, and utility bills manually can be time-consuming and error prone. Automated Payables: Are You Avoiding Late Payments and Errors?

Maintenance 130

Maintenance Utilities Property Manager Property Management 130

Genuine Property Management

FEBRUARY 22, 2024

A thorough inspection of each room, utilities, and safety features is crucial in making an informed decision. It’s important […] The post What to Look for When Touring a House for Rent appeared first on Welcome to Genuine Property Management.

Rent 130

Rent Utilities Property Manager Property Management 130

Bay Property Management Group

MARCH 14, 2025

Then, if you pass these extra costs onto tenants, the rent may have to go up even more. How Inflation Can Work in Your Favor Higher Rent: When the cost of living rises, rent naturally follows suit. Tenant Affordability & Vacancies: If rent climbs too fast, some tenants might struggle to keep up, leaving you with empty units.

Rental Property 130

Rental Property Property Property Manager Property Management 130

Real Property Management Evertrust

SEPTEMBER 19, 2024

But renting an apartment during this chilly season comes with its own set of challenges and considerations. If you are looking for a rental apartment in Portland, Maine, during the winter months, it’s crucial to understand how the season affects apartment hunting, living conditions, and utilities.

Apartment 130

Apartment Rent Transportation Lease 130

Buildium

MARCH 19, 2025

This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. For instance, if a tenant pays you in December for Januarys rent, you report that income in the year you received the payment, which is December.

Rental Property Management 130

Rental Property Management Property Manager Rental Property Property Management 130

Bay Property Management Group

MARCH 6, 2025

Lost Income Even if no one is living in the unit, you still have to pay for things like maintenance, property taxes, and utilities. Worst of all, you’re getting no rent in return to subsidize these costs–it’s coming out of your own pocket. Should I lower my rent to reduce vacancy loss?

IT 130

IT Property Manager Property Management Tenant 130

Buildium

FEBRUARY 9, 2025

You will receive training in rent and fee collection, marketing techniques , accounting practices , compliance and other legal issues, and all other aspects of property management. Thats because the initial investment includes not only franchise fees, but the cost of rent (if you choose to use an office, utilities, and initial hiring costs).

Property Manager 162

Property Manager Property Management Management Property 162

American Apartment Owners Association

AUGUST 7, 2022

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

Compliance 130

Compliance Rent Lease Agreement Landlord 130

American Apartment Owners Association

AUGUST 7, 2022

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?

Compliance 130

Compliance Rent Lease Agreement Landlord 130

Real Property Management Chicago

JULY 2, 2021

The question of how to maximize profits, for the majority of investors, boils down to two key options: selling versus renting. Selling as an investment strategy allows the focus to shift from buying properties to hold and rent to buying properties that you plan to sell within a shorter amount of time.

Real Estate 130

Real Estate Rent Property Manager Property Management 130

American Apartment Owners Association

JANUARY 29, 2025

Its the best of both worlds: Its simple enough to utilize without an accountant but packed with enough features to handle the many ins and outs of financial reporting and preparing tax documents. Ledgre is an accounting software built specifically for managing rental properties. Thats where property management software comes in.

Landlord 130

Landlord Property Management Software Finance Property Manager 130

American Apartment Owners Association

SEPTEMBER 16, 2024

Negotiating rent prices can be tough for a landlord. Whether negotiating with tenured residents or prospective renters, you should always be open to discussing rent prices. When to Consider Negotiating Rent When a renter asks to negotiate rent, its normal to have a knee-jerk reaction. Need a Lease Agreement?

Lease 246

Lease Rent Landlord Rental Income 246

Bay Property Management Group

MARCH 3, 2025

For example, when most people hear “rental income,” they immediately conjure up rent payments in their heads, but it’s so much more than that. Income Sources Rent Payments The obvious one is money collected from tenants. Other Fees These could be storage rentals, late payment fees, or even shared utilities.

Real Estate 130

Real Estate Rental Income Property Manager Property Management 130

Bay Property Management Group

FEBRUARY 16, 2025

For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). For example, the lessor could be a landlord renting out an apartment, a tenant subletting their rental, a business leasing out office space, or even someone renting out equipment. utilities).

Lease Agreement 130

Lease Agreement Lease Insurance Tenant 130

American Apartment Owners Association

DECEMBER 9, 2024

Include Essential Information Ensure that all essential information is included, such as rental price, security deposit, lease terms, and utility details. Utilize High-Quality Images Include photos of each room, exterior views, and any noteworthy features. This pricing only applies when the listing is actively advertised on Zillow.

Property Listing 244

Property Listing Rental Property Property Media 244

Real Property Management Evertrust

JANUARY 9, 2025

If your rent collection practices are still obsolete, it’s time for a refresh. Tenant portals, specifically, allow renters to pay rent with just a few taps, anytime and from anywhere. At least, they should be! This can result in more stable cash flow and higher long-term profitability.

Property Manager 241

Property Manager Property Management Management Property 241

Rental Choice

NOVEMBER 28, 2024

A lease renewal is a common part of renting. Common adjustments include rent increases, payment schedule changes, and amendments to the rules. In this case, the terms and conditions of the original lease remain the same, including the rent and duration. This assures that the tenant will still be able to pay the rent.

Lease 246

Lease Landlord Tenant Rent 246

Bay Property Management Group

MARCH 31, 2025

But you avoid HOA fees, and you can earn rental income if you rent the units out. Rent Out or Sell Easily: If your HOA allows for it, you can rent out your condo for passive income. That means you can collect rent from two tenants, which gives you better cash flow. More rent = more income!

Single-Family Home 130

Single-Family Home Finance Rental Income Maintenance 130

Bay Property Management Group

MARCH 2, 2025

Meanwhile, g roceries, utilities, insurance, phone bills, and entertainment expenses don’t typically count as debt. Our professionals can manage lease agreements, collect the rent, handle accounting, and take care of maintenance requests on your behalf. What Counts as Debt (and What Doesnt)? So, you should keep that in mind.

Insurance 147

Insurance Real Estate Government Applications 147

Bay Property Management Group

APRIL 2, 2025

Most landlords worry about chasing late rent, getting repairs done, or dealing with difficult tenants. Signs to Watch For : Look out for unexplained noises, unlocked doors or windows, personal items that dont belong, or unexpected spikes in utility bills. But what if someone was living in your property without you even knowing?

Real Estate 130

Real Estate Tenant Insurance Landlord 130

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.

Lease 147

Lease Insurance Commercial Property Utilities 147

Buildium

DECEMBER 17, 2024

For example, you can deduct the rent and utilities you spend for an outside office or other workspace. This deduction is particularly valuable if you are a renter because it enables you to deduct a portion of your monthly rent, a sizable expense that is ordinarily not deductible. This deduction is scheduled to end on Jan.

Property Manager 246

Property Manager Property Management Management Property 246