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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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Rental leasing software: A game-changer for residential landlords

Buildium

Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. Rental leasing software can transform the way landlords manage their businesses, making tasks easier and faster to complete.

Lease 130
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Average Rent In Northern Virginia: Costs & Fees Explained

Bay Property Management Group

or securing a longer lease while staying mindful of fees like parking and utilities. Most of these are tied to tasks such as processing your application, securing the property, or setting up services. This fee is intended to cover the costs associated with processing a rental application, such as background and credit checks.

Rent 130
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What Is Debt-To-Income Ratio (DTI): What Investors Need to Know

Bay Property Management Group

In turn, that could make lenders hesitant to approve your application. Lets look at them both: Front-End DTI (Housing DTI) The front-end DTI focuses only on housing expensesthings like your mortgage payment, property taxes, homeowners’ insurance, and HOA fees, if applicable. What Counts as Debt (and What Doesnt)?

Insurance 147
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What is Rent-to-Income Ratio and Why Should Landlords Care?

Bay Property Management Group

In other words, a tenant should earn at least three times the monthly rent to ensure they can comfortably cover other essentials like groceries and utilities without financial strain. When tenants know the requirements upfront, it reduces unqualified applications, saving you time and effort in the screening process.

Landlord 130
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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. Need to write a lease from scratch? Generative AI models such as ChatGPT can help you draft one.

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The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Evertrust

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. Virtual tours and remote leasing help streamline the management of applicants who are distant, out of town, or otherwise preoccupied.