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Let residents split rent payments in 2: Flexible rent for property maangers

Yardi Breeze

Everyone knows rent is typically due on the first, but you might have noticed more renters wanting to split their rent payments in two. The concept of flexible rent may seem novel at first glance, but it’s a great solution for some residents and property managers. What is flexible rent exactly? Who pays for flexible rent?

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Apartment Application Fees Explained: A Tenant’s Guide

Bay Property Management Group

The application fee for apartment can seem unfair, especially when it catches you by surprise. What Are Apartment Application Fees? An apartment application fee is a one-time payment you make when applying to rent a place. What Do Application Fees Cover? So, whats the actual cost of an application fee here?

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What Is a Co-Applicant in a Rental?

Bay Property Management Group

So, youre thinking of renting a place with someonemaybe your partner, your best friend, or even your cousin who swears theyre good with finances now. 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?

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What is Rent-to-Income Ratio and Why Should Landlords Care?

Bay Property Management Group

The rent-to-income ratio is a simple, yet powerful, tool that helps landlords gauge financial stability before signing a lease. In this article, well help you understand how to calculate the rent-to-income ratio, why it matters to you as a landlord, and what to do if a tenant doesnt meet the threshold. What is Rent-to-Income Ratio?

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What Does ‘Prorated Rent’ Mean? What You Need To Know

Bay Property Management Group

Ideally, when someone rents out a home, they’d move in the following month. Luckily, when that happens, you don’t necessarily have to pay that entire month’s rent. In other words, the tenant could pay a prorated rent, an amount that reflects the number of days you’ve lived in the rental.

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What Credit Score Do You Need To Rent An Aparment?

Bay Property Management Group

Wondering, “what credit score do you need to rent an apartment?” answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with. answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with.

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How Property Managers Handle Tenant Screening and Why It Matters

Beach Front Property Management

The primary objective is to ensure whether an applicant is likely to fulfill lease obligations and maintain the property responsibly or not. The Tenant Screening Process: Step-by-Step Tenant screening is a proactive strategy to find trustworthy, responsible residents who treat the property carefully and pay rent on time.