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Denying a rental application is sometimes necessary to protect your property, your other tenants, and your investment. However, in California, landlords must follow specific legal and ethical guidelines when evaluating applications. Below, we’ll explore when and how to decline a rental application lawfully and professionally.
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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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Ray Hespen, who is a frequent flier on The Property Management Show, joined us again to discuss maintenance metrics and how measurement improves resident satisfaction and owner NOI. He was investigating what it would look like if property managers looked at maintenance from a data-driven standpoint. Its a super-high trust game.
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Because of their capacity to improve an investors cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Are you taking that big step and purchasing your first multifamily property? Get started by viewing .
Running a property management company often means either handling or delegating several different roles at once. This post takes a deep dive into property management workflow automation, including what it is, how it works, and the kinds of processes you can redesign to be more efficient. We won’t focus on specific tools here.
Handling a noise complaint is one of the biggest challenges for property managers. Excessive noise can disrupt the peace in rental properties, whether it is loud music, barking dogs, or noisy late-night gatherings. Property managers must ensure that the lease specifies designated quiet hours based on local noise ordinances.
If you own or operate a multifamily property in California, compliance is non-negotiable. Here are the most frequent risk areas—and how a qualified property manager prevents them. However, an experienced property manager can effectively manage it. At BFPM Inc., At BFPM Inc., At BFPM Inc., to schedule your audit.
If you run a property management business in 2025, you already know that manual processes simply can’t keep up with the level of responsiveness, accuracy, and oversight that job demands. That’s where property management automation tools come in. This post explores the types of automation tools available to property managers right now.
AI in Property Management: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the property management business is no exception. However, amidst the excitement, it’s crucial for property managers to distinguish between what’s merely hype and what genuinely delivers value.
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From Chaos to Clarity: How to Create a Remote Team Playbook for Your Property Management Business In todays evolving industry, property management companies are increasingly shifting to remote teams to improve efficiency and tap into a wider talent pool. Define your: Company vision What makes your property management company unique?
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Property management has changed fast. And property managers need tools that help them keep up without burning out. Now: Organized, Instant, and Easy to Track Today, technology in property management bring all tenant conversations into one place. Applications took days. Today, tenants expect instant responses.
If youve been in the property management business for a while, youve probably witnessed firsthand how proper preventive maintenance can make or break a property’s success. Youll also be able manage properties with: Reduced Emergency Repairs: Regular maintenance catches small issues before they become major problems.
The property management industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential property managers can use to improve their operations and enhance residents’ experiences. This post explores the key ways automation boosts property management operations and benefits residents.
With new property management software platforms and features popping up all the time, automated property management systems have moved from the realm of ideas and marketing promises into real, concrete businesses strategies. This post explores examples of automated property management systems across the full spectrum of operations.
In the previous editions of our property management software buying guide, we covered the basics of how to compare property managers, from key features software should have to assessing pricing models and customer reviews. We also explored specific considerations for multifamily property management software.
Discover the best way to find tenants for rental property with tips on listings, pricing, marketing platforms, and streamlining the application process.
As property managers look to do more with less, software that focuses on automating important processes has become more popular. This guide walks you through some of the most use property management automation software that you can start using now. Property Meld® helps property managers get proactive.
Landlords are required to provide an Adverse Action Notice to rental applicants if they are denied housing based on information found in a consumer report, like a credit report or criminal background report. Dive into what you need to know as a landlord or property manager in this video with Rentec Direct’s Kaycee Miller.
Managing Rental Properties Without Burning Out Most property managers don’t start out thinking they’ll become overwhelmed. But somewhere between 60 and 300 doors, managing rental properties turns into a daily grind—one that chews up your time, burns out your team, and caps your company’s growth. You’re reacting to them.
If youre managing rental units, commercial spaces, or mixed-use properties, a solid understanding of proptech and how to use digital tools effectively comes with the job description. This guide dives deep into the realities and opportunities of proptech for property managers ready to move beyond basics.
As the property management industry continues to evolve, so does the technology that supports it. One prime example of this change is the increasing variety of property management leasing software that promises to speed up the leasing process and reduce your workload in the process. What Is Property Management Leasing Software?
To get more residents through the door, some property managers offer security deposit alternatives. They’re designed to ease the financial burden on renters while still offering protection for property managers in case of damage or missed rent. Below are five options to consider using in your property management business.
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Running a property management business in 2025 isn’t what it used to be. That’s where property management automation comes in. In this post, we’ll explore what property management automation actually means, where it delivers the biggest wins, and how you can start using it without losing your personal touch.
Property management involves balancing repetitive tasks with high-quality, personalized service. This post details the most valuable property management tasks to automate. Access Control Systems Managing who accesses your properties and when can get complicated, especially in multi-unit or multi-building communities.
As a landlord, attracting reliable tenants is one of the most important aspects of managing your rental property. Effective marketing helps your property stand out and secure tenants who will take care of it and stay long-term. In this guide, well cover the most effective strategies for marketing residential rental properties.
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In a post-pandemic, tech-enabled world, the term virtual property management company has moved from experimental concept to a proven business model. In this guide, well explore what it really means to run a virtual property management company, how it works, what the key benefits and tradeoffs are, and what to consider before making the leap.
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