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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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Understanding Non-Occupancy Charges in Housing Societies

ADDA

A State-Wise Legal Guide for Residents and RWAs Whether you’re a flat owner leasing out your unit or part of a Resident Welfare Association (RWA) or Managing Committee, understanding Non-Occupancy Charges (NOC) is crucial. When Are Non-Occupancy Charges Not Applicable? Q2: Is NOC applicable for family stays?

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8 examples of automated property management systems you can start using today

Buildium

From leasing and maintenance to inspections and bookkeeping, we’ll walk through how these systems are changing the way property managers work. Automated Leasing Systems Leasing is one of the most process-heavy parts of property management, involving listings, lead response, showings, screening, and lease signing.

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How Extensive Are Background Checks for Apartments?

Bay Property Management Group

So, for this report, they’ll check your previous addresses, payment history, lease terms, and reasons for leaving. When landlords look at your rental history report, they want to make sure you have been able to take care of the property, follow the lease, and coexist peacefully with your neighbors. But what are they?

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Vacancy rates Before you purchase a multifamily property, be sure to investigate the current vacancy rate in the building and the surrounding area to assess tenant turnover and potential rental income stability.Multifamily homes by definition have multiple units and therefore, separate income sources.

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What Credit Score Do You Need To Rent An Aparment?

Bay Property Management Group

Now that we know what the definition of a credit score is, let’s now deal with what credit score you need to rent an apartment. When landlords see that you are dependable in other ways, they might consider your application anyway. Typically, they’ll sign the lease with you, even though they wont be living in the apartment.

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What to do when the demand for condo/HOA parking and storage is high

Condo Control

Inventory management waitlists Once the maximum number of spots or spaces have been leased, condos and HOAs can create waitlists to address demand for these shared assets. You may even need to write down times if the desired asset has an established annual renewal date since many people may submit a request to lease it on the same day.