This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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?
When buying a rental property, there are local price trends, zoning rules and vacancy rates to consider in addition to financing and renovation costs. Although it is not mandatory that rental owners purchase landlord insurance , most lenders will require it if you are financing the property or hold a mortgage on it.
Application Review and Leasing Workflows The leasing process moves quickly and requires coordination across several touchpoints. Two applicants submitted lease applications yesterday; your workflows already generated background checks. Automation helps you standardize your approach and reduce errors. Here’s how to approach it.
Know Your Numbers Before You Buy Buying rental property is one of the smartest ways to build long-term wealth, but only if your financing strategy works for you, not against you. The financing you choose directly impacts your monthly cash flow, your stress level, and how quickly you can scale your portfolio. Your loan terms.
From leasing to maintenance to finance, they allow property managers to work more efficiently by replacing manual effort with automated execution. That’s where property management automation tools come in. These tools are built specifically to support scalable, repeatable, and intelligent operations.
Why Rental Leasing Software Is Becoming a Must-Have for Landlords Many landlords start their journey by handling lease agreements, rent payments, and tenant applications manually. Instead of manually drafting leases, collecting applications, or managing renewals, landlords can complete these tasks with just a few clicks.
25% say lack of finances is a top concern. So, in one way or another, finances are putting a strain on HOAs. This next application is pretty cool, even if it relates to violation management. According to an independent survey conducted by Condo Control, increased costs is the top concern for 31% of communities.
This score shows the landlord that you’ve been managing your finances well enough. That score indicates a phenomenal record with both finances and rent-paying, which places you above many competitors in the realm of apartment renting. Here, the landlord might assume there is some risk involved in choosing you.
Its a deep diving into: Vendor efficiency Technician efficiency Coordinator efficiency Benchmarking Finances You know what the performance actually is instead of trusting someones gut. Ray says the effective use of AI is all in application. Its meant to be blended and applicable to local markets. AI is not magic.
Collecting Rent and Managing Finances: Less Stress, More Consistency Before: Late Checks and Manual Spreadsheets Rent day used to mean waiting for mailed checks, making trips to the bank, and updating ledgers by hand. Applications took days. Takeaway: Fix problems fasterand stop some of them from happening at all. You printed flyers.
Ready to take control of your finances? Your Debt-to-Income Ratio (DTI) is one of the biggest factors that determine whether lenders see you as a reliable borrower to get investment property financing. In turn, that could make lenders hesitant to approve your application. What Is Debt-To-Income Ratio (DTI)?
Checking your applicants’ income isnt just about protecting yourself from late payments or potential evictions. Its a straightforward way to confirm someone’s finances without diving into loads of paperwork. And the best way you can figure that out is verifying your prospective tenants’ income.
It manages finances, security, upkeep, and correspondence with the local government. Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). Maharashtra The Maharashtra Apartment Ownership Act of 1970 (MOFA) is the applicable law.
Luckily, the same principles apply: keep units occupied, tenants engaged, operations running efficiently, and finances under control. Start by documenting your standard operating procedures for leasing, maintenance, communication, and finances. Use templates and training materials to replicate success across new properties.
Vinay Thyagarajs session focused on financial compliance and the critical role of estate managers in managing finances, statutory compliance, and creating value for the community. GST Compliance : He clarified questions on GST and informed about the applicability of the GST rates (18% GST applies for maintenance fees of Rs.
This connection shows in Stessa’s finance-first design. A solid leasing feature set includes customizable lease templates, online applications, background checks, and electronic signatures. Stessa vs Buildium: Rental Applications and Tenant Screening A solid leasing process starts with easy applications and reliable screening.
Tool to explore: TransUnion’s tenant screening software Cloud-Based Document Integration Property management generates a huge volume of documents—leases, applications, invoices, inspection reports, and legal notices. Organizing, storing, and sharing these files efficiently can become overwhelming.
Building a Case for ADUs in Urban Planning To expand ADU development, cities can take additional proactive measures such as educating the public, empowering homeowners, and integrating ADUs into broader housing initiatives.
Whether youre handling tenant requests in real time, coordinating with vendors, or keeping tabs on finances, the right tools in your pocket can turn hours of admin into minutes of smooth execution. Property management has gone mobileand for many professionals, that means managing operations directly from their iPhone.
Compliance documentation: Maintain accurate records of any exemptions, such as affordable-housing agreements, to confirm applicability under the law. Babineaux focuses on assisting clients with a wide range of complex commercial real estate transactions, including acquisitions, dispositions, leasing, finance and development.
The association also offers resources from educational webinars and landlord tenant law to approved providers for insurance and financing. Contact us today to learn more. Sign Up For Our Weekly Newsletter And Get Rental Property And Apartment News And Helpful, Useful Content Each Week.
List your top requirements, then review your personal finances to create a realistic budget. Apply with Confidence When you’ve found the perfect rental home, submit your application promptly. If your application is approved, thoroughly review the lease and all addenda.
Agora Actions for month-end reconciliation – An AI agent within MRI Property Management X (PMX) that is anticipated to shorten the month-end close process, saving significant time for accounting and finance teams. Bad actors are now using tools like FraudGPT to generate fake IDs , paystubs, and bank statements.
Duplex Disadvantages: Condos tend to have HOA fees and slower appreciation, while duplexes typically require higher upfront costs, more maintenance, and may be harder, or cost more, to finance. Category Condo Duplex Financing You may be able to get a regular home loan for a condo, just like you would for a house. What is a Condo?
Understanding Applicable (and Not Applicable) Taxes Here’s a breakdown of which provincial taxes apply to Big White and which do not: ✅ Applicable: Property Transfer Tax (PTT) – 1–3% based on the property’s value. Can I finance a Big White property with a traditional mortgage?
Note your key needs, then review your personal finances to set a realistic budget. Apply with Confidence Once you’ve found your ideal rental home, submit your application quickly. If your application is approved, review the lease and all addenda carefully. Once you know your budget, you can begin your search with confidence.
Reduction of the “50% Test” to 25% for Tax-Exempt Bond Financing – Lowering the threshold from 50% to 25% allows more projects to qualify for the 4% Housing Credit, unlocking additional resources for affordable housing development. WaitListCheck: A solution for managing waitlists efficiently, ensuring timely placement of applicants.
Navigating Unexpected Medical Expenses Life doesn't follow a script, and unexpected medical expenses often wreak havoc on a tenant's finances. Emotional and Financial Toll of Divorce Divorce or separation doesn't just split households; it splits finances too.
Buildium also supports digital lease signing and application processing, speeding up leasing cycles and reducing paperwork. This model helps property managers attract a wider range of applicants and close leases faster.
Gas (if applicable) Some apartments use gas for heating, cooking, or hot water. Its the perfect way to keep your finances in check. Internet and Cable Since everyone has different preferences for speed, providers, and TV packages, these services are rarely included in the rent.
Managing rental properties comes with plenty of moving partscollecting rent, handling maintenance requests, keeping up with leases, and tracking finances, to name a few. The right software can help simplify the process, but with so many options out there, how do you choose the best one?
This can include lease documents, contracts, finance and accounting data, and other confidential items. Compliance –AI Agents should be educated on applicable compliance rules to avoid risks.
The cross-functional nature of the role also requires efficient communication and collaboration with many teams, such as accounting and finance, legal, HR, IT, vendors, and even tenants. Technology integration also plays a major part and will become essential for sharing data across applications.
Running a successful short-term rental can feel like running a mini business, especially when it comes to managing finances. Think of it as a filing system for your finances. One of the most important tools in every hosts toolkit is the chart of accounts for Airbnb. If youve never heard of it, dont worry!
But during the whirlwind of applications and packing, it’s easy to forget all the extra costs connected with that new set of keys. In fact, with a detailed rental budget, you can focus on enjoying your new place without worrying about finances.
It manages finances, security, upkeep, and correspondence with the local government. Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). Maharashtra The Maharashtra Apartment Ownership Act of 1970 (MOFA) is the applicable law.
Municipal and Regional District Tax (MRDT / MDRT) Applicable in participating areas (check local authority). No exemption for individual operators – this is mandatory regardless of revenue amount. cleaning, supplies, basic maintenance).
Annual Contribution Contract (ACC):Annual contracts with Public Housing Authorities (PHAs) for payments toward rent, financing debt service, and financing for modernization. Whichever method is used to maintain the waiting list, the owner must establish a method of documenting the appropriate selection of applicant names from the list.
Offer invitation letters to facilitate applications for necessary visas. Remind attendees to check passport and visa requirements well in advance. Share destination details, including local culture and safety information. Designate informed liaisons for international guests to contact with questions, concerns and requests.
Finance And Consumer Services: Fraud detection , credit scoring and customer service chatbots are just a few examples of how financial institutions are using AI to improve efficiency and reduce risk. Financial planning could become more inclusive—but also more reliant on algorithmic trust.
From streamlining finance operations to orchestrating supply-chain workflows, we’ve seen firsthand how German market leaders have forged a blueprint for success. Automated End-To-End Process Orchestration Traditional workflows often span multiple departments—finance, procurement, HR—and rely on manual handoffs.
Newsletters Games Share a News Tip Featured Featured Breaking News White House Watch Daily Cover Stories The Capital of Quantum | Paid Program The New Industrial Identity: The Power Of Digitalization And Automation In America | Paid Program Presented by Invesco QQQ: The Three Ps Of Success Purpose, Persistence And Passion | Paid Program AI’s Nuanced (..)
Newsletters Games Share a News Tip Featured Featured Breaking News White House Watch Daily Cover Stories The Capital of Quantum | Paid Program The New Industrial Identity: The Power Of Digitalization And Automation In America | Paid Program Presented by Invesco QQQ: The Three Ps Of Success Purpose, Persistence And Passion | Paid Program AI’s Nuanced (..)
Subscribe To Newsletters Featured Featured Breaking News White House Watch Daily Cover Stories The Capital of Quantum | Paid Program The New Industrial Identity: The Power Of Digitalization And Automation In America | Paid Program Presented by Invesco QQQ: The Three Ps Of Success Purpose, Persistence And Passion | Paid Program 2025 Best-In-State Wealth (..)
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content