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5 security deposit alternatives to reduce vacancies and attract tenants

Buildium

Decreased vacancies for landlords: Offering flexible options can open the door to more qualified applicants, especially those who might be held back by a large upfront deposit. For example, an insurance policy may find a reason to deny the claim if there is damage to the unit.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Take out landlord insurance A landlord insurance policy is meant to protect you as an investment property owner while safeguarding your rental properties.

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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. Some landlords require renters’ insurance, while others don’t really care.

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Critical Insights for Property Managers: Leveraging Tech and Communication to Boost Resident Satisfaction 

Lula

Renter Experience Matters Creating positive experiences begins from the application stage itself. Lease-attached services like internet and renters insurance are highly valued, with nearly 80% of renters open to paying additional fees for such conveniences.

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Everything you need to know about apartment management in 2025

Buildium

Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Verify licenses and insurance before work begins. Work closely with your insurance agent to confirm coverage for liability, property damage, rent loss, and legal defense.

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What Credit Score Do You Need To Rent An Aparment?

Bay Property Management Group

When landlords see that you are dependable in other ways, they might consider your application anyway. Landlords might be more willing to accept your application if you share the rent with someone whose score is higher. We consider all applicants equally, so you can rest assured that we will give your application a fair look.

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Property management automation software: A closer look at the leading tools in 2025

Buildium

The platform helps pre-qualify applicants before they ever set foot on the property, using customizable questions and filters. It’s ideal for property managers with high application volume or portfolios in multiple markets. The system also tracks vendor compliance, such as W-9s and insurance documents.