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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

But during the chaos of applications and packing, it’s easy not to see all the extra costs associated with that new set of keys. From utilities and security deposits to holding the proper insurance, spending can quickly add up. Let’s check out what you need to learn about the cost of renting, utilities for renters, and more.

Utilities 188
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How Do Apartments Verify Income?

Bay Property Management Group

But how do apartments verify income? In this guide, well walk you through how apartments verify income, and the best strategies landlords use to make smart leasing decisions. Why Do Apartments Verify Income? Checking your applicants’ income isnt just about protecting yourself from late payments or potential evictions.

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What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. But sometimes, utility costs can pile up fast and throw off your entire budget. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly?

Utilities 130
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What Is a Co-Applicant in a Rental?

Bay Property Management Group

But then you see the word “co-applicant” on the form, and you’re wondering… what is a co-applicant? Main Takeaways What is a co-applicant? Having a co-applicant can boost approval odds shared income and stronger credit can help secure a rental, but missing payments affects both applicants.

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Everything you need to know about apartment management in 2025

Buildium

Apartment management demands a careful balance of tenant satisfaction, building upkeep, financial control, and regulatory compliance. Each section pulls highlights from our expansive collection of apartment management resources and includes links to further reading that goes into more detail. Avoid relying solely on reactive fixes.

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Property managers, here are the 5 top leasing trends of 2025

Buildium

While you may think that this extends only to apartment descriptions and current photos, this ask goes deeper. Beyond just seeing the current rental amount, they want to see utility information and information on any supplemental fees, such as pet fees. Renters want to see information about the property and the neighborhood, as well.

Lease 223
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8 practical use cases for AI in property management that you can try today

Buildium

For example, property managers can now use natural-language processing chatbots to resolve common tenant issues, machine learning algorithms to predict maintenance issues, and computer vision to offer virtual tours to rental applicants. Cost Reduction: AI can reduce labor costs by aiding or replacing staff who perform repetitive tasks.