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From renters wanting to embrace technology throughout their property search and leasing process to property managers finding ways to increase tenant retention in light of renters dwindling financial health, this post will provide key insights on what you can do to keep growing. Allow prospective tenants to apply online directly from listings.
Digital Lease Generation and E-Signing Once an applicant is approved, the lease agreement is auto-generated using a template populated with data from their application. Signatures are collected electronically, and copies are automatically stored in the system. No more juggling spreadsheets or long email threads.
You’ll be able to reference this consistent digital record when reaching out a tenant about any delinquencies or while simply monitoring the health of your business. Bonus points if the accounting software you choose lets you accept rental applications and application fees online. #5:
Residents review and sign leases electronically without printing or scanning paperwork. Some advanced systems use optical character recognition (OCR) or artificial intelligence (AI) to extract key details from contracts or inspection reports, speeding up processes such as tenant screening or vendor evaluations.
The survey showed that landlords use multiple sources in tenant screening. At the top of the list, 88% of respondents said they run a certified tenant-screening report, while 78% said they reach out to references and 61% said they review applicants social media profiles.
Managers need tools that accurately track rent payments, expenses, and deposits while keeping owner and tenant funds separate. A solid leasing feature set includes customizable lease templates, online applications, background checks, and electronic signatures. Automation plays a big role here.
This integration automates data entry, including tenant names, unit numbers and rent amounts. Our software electronically verifies signer identity, which is legally binding. Notarization is primarily relevant for documents recorded with the county a practice rarely applicable to residential leases. Typically, no.
Time Savings: With tenants completing work upfront and online, PHAs can cut processing times by up to 50% for Housing Choice Voucher (HCV) applications and recertifications. Enhancing Tenant and Applicant Communication Tenant and applicant communication can be a major administrative burden.
As a residential property manager, one of your most important responsibilities is selecting tenants who will pay rent on time and care for your property. Thats where a well-organized application process comes in. It helps reduce risks, keeps you compliant with laws, and helps you find high-quality tenants who fit your properties.
Increased Credit for Developments Serving Extremely Low-Income Tenants – Projects dedicating at least 20% of units to households earning 30% or less of the area median income will receive a higher tax credit, making such developments more financially viable. Track utility usage to identify inefficiencies.
Property management keeps evolving fast, driven by innovative proptech companies delivering new tools that save time, reduce headaches, and improve tenant experiences. This post highlights some of the best proptech companies in 2025, across leasing, bookkeeping, maintenance, tenant screening, payments, and more.
10 minutes drive to Burnaby hi-tech business park: HSBC IT headquarters, Kodak, Electronic Arts, BCIT, Xenon, LifeLabs, and BCAA. We do not charge prospective tenants any handling fees, application fees or processing fees. It takes 2 to 3 business days to process each completed application. V5R 5J6. -
How many rental applications does your team see in a week? And how many of those applications turn into quality residents? Solid listings placed across social and rental sites will bring in plenty of applications, but how do you weed through them all to find the right ones? A lot is accomplished by going digital.
Metropolis Shopping Centre, the largest shopping mall & entertainment complex in British Columbia, Simon Fraser University, BCIT, Electronic Arts, HSBC IT headquarters are all within 15 minutes driving distance. We do not charge prospective tenants any handling fees, application fees or processing fees. V5R 5J6. -
Fact #3: Tenant Quality Is Property Managers’ Top Concern Finding financially stable tenants is getting harder as rent growth outpaces wages, causing property management companies to prioritize tenant screening. In 2024, tenant quality emerged as the #1 concern for property management companies.
Managing multifamily properties comes with its own set of challenges, from dealing with multiple leases for the same property and maintaining different types of units and common areas, to managing frequent tenant turnover and tenant relationships within a property. All these factors add complexity to the job.
Good tenant screening is the most important part of protecting your investment property. Also, you have to follow all fair housing laws and screen all applicants consistently and against the same criteria. You cannot be accused of screening two tenants in different ways. Most tenants will expect an online application.
Urban multifamily buildings that are equipped to keep bikes safe(r) will attract tenants more quickly than buildings without adequate bike protections. Benefits of leasing condo bike racks to tenants Additional money for the corporations budget There are multiple benefits to having bike racks for lease.
Backyard Plants According to AB2561, landlords are required to permit a tenant to do “personal agriculture” in their outdoor backyard using portable containers you have approved. Tenants are only allowed to do ground level planting for fruits and vegetables and strictly NO marijuana is allowed for personal use.
Metropolis Shopping Centre, Simon Fraser University, BCIT, Electronic Arts, are all within 15 minutes' driving distance. We do not charge prospective tenants any handling fees, application fees or processing fees. It takes 2 to 3 business days to process each completed application. V5R 5J6. -
Professional Leasing and Tenant Placement A full-service property management company will find and place a qualified tenant for your Boca Raton rental property. With the right technology, your property management company will be able to collect and pay rent electronically and provide an easy and secure way to communicate.
Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. For example, tenants may cause accidental damage, or you might face a liability claim for an injury on the property. Rent guarantee insurance: Ensures you get paid if a tenant defaults on rent.
It can involve using single-family property management software to streamline tasks such as rent collection, applicant screening, property maintenance requests, and accounting, among others. Various tools on the market can automatically generate renewal reminders, send them to residents, and draft lease agreements for electronic signatures.
Landlords and tenants need to know their current rights, and there are so many that don’t.” Software solutions also allow property managers to keep tabs on their properties, store important documents, and set up customized and automated processes, such as responses to applications, welcome packet delivery, and lease renewals.
In fact, if residents had their way, the use of electronic payments would jump 23 percentage points higher than where they currently stand. Now, we can approve an applicant, start an e-lease, and email the e-lease out in 5 minutes. They now expect more digital-first interactions throughout their rental experience.
Financing Terms: If applicable, include details about the financing arrangements, including the amount, terms, and conditions. Lease Terms: If the property is income-generating and there are existing leases, outline any relevant details regarding leases, tenants, and rental income; and any assignments that may be forthcoming.
Understanding Fair Housing Laws Finding out which federal, state, and local laws may be applicable to your rental property depends on its place. You can get more details about housing laws in your state electronically. Make sure that your lease terms, guidelines, and standards are equally fair to all tenants.
Landlords typically receive several tenantapplications for their rental properties. As you might expect, landlords cannot accept multiple applications for one unit. They have to choose a rental applicant and deny the rest. How can landlords decline a tenant according to the law? What are the best practices?
Local shops include Fabricland, Northern Cafe, Flamingo Chinese Restaurant, Visions Electronics, McDonald's, Subway, 7-Eleven, Karakoram Restaurant, The One BBQ Kitchen, Indian Curry Corner, The Clouds Vietnamese Cuisine, Sushi Taku-en, and Fat Boy Kitchen. It takes 2 to 3 business days to process each completed application.
The living room features a built-in media cabinet that will neatly organize all your entertainment electronics. We do not charge prospective tenants any handling fees, application fees or processing fees. It takes 2 to 3 business days to process each completed application. V5R 5J6. -
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