Remove Applications Remove Article Remove Lease
article thumbnail

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.

article thumbnail

Best simple lease agreement templates for residential properties

Yardi Breeze

Having trouble finding simple lease agreement templates you can trust? The internet is full of free lease agreements, and theyre easy to find. But how can you be sure that a free lease agreement is legally compliant without hiring an attorney to review it? An attorney can always prepare lease documents for you.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 practical use cases for AI in property management that you can try today

Buildium

In this article, well show you how to start putting AI to work in your day-to-day workflows today. 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.

article thumbnail

AI in Property Management: What’s Hype vs. What Actually Works?

BetterWho

This article delves into the practical applications of AI in property management, highlights tools making a real impact, and debunks common myths surrounding AI in the industry. In the context of property management, AI encompasses tools and applications designed to automate tasks, analyze data, and enhance decision-making processes.

article thumbnail

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.

article thumbnail

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. The report finds that 95% of renters consider clear, transparent listings crucial, and 85% value an online application process.

article thumbnail

A Caution to AI: The Possibility of Fair Housing Violations in Communication and Payments

American Apartment Owners Association

In this article, well explore how AI is reshaping communication and payments in property managementand how to navigate the risks while leveraging the benefits. When AI is used to assess rental applications, there is a risk that it may favor certain demographic groups based on historical trends rather than making neutral, fair decisions.