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How to Prevent the Most Common Tenant Screening Pitfalls

Real Property Management Chicago

Keeping consistency involves employing the same standards for all applicants instead of enabling emotions or personal biases to influence your decisions. As part of the application process, it is vital to gather personal and professional references from prospective tenants along with previous landlords.

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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.

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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.

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Understanding California’s New Rent Reporting Law AB 2747 A Guide for Landlords

American Apartment Owners Association

AB 2747 is a California rent law designed to make Rent Reporting more accessible, helping Renters build credit while setting clear guidelines for Landlords. A stronger credit score can lead to better financial opportunities, including easier approval for loans and rental applications. What is AB 2747? Click here and use code AAOA10.

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The Art of Landlord-Tenant Communication: A Comprehensive Guide

Real Property Management Evertrust

Communication is vital in forming a strong relationship between landlords and tenants, as it outlines the responsibilities of both sides. Phone Communication: The phone is an outstanding tool for landlords and tenants to communicate effectively. Nevertheless, exercise care and maintain professionalism while utilizing it.

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What Is a Lease Fee, Explained

Bay Property Management Group

And then, you see a lease fee. What is a lease fee, and why is it there? Main Takeaways Lease fees cover the administrative work involved in processing applications and preparing rental agreements. Tenants should always ask about the fee’s amount, due date, and refundability before committing to a lease.

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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

But during the chaos of applications and packing, it’s easy not to see all the extra costs associated with that new set of keys. This deposit isn’t similar to rent; it is held in a separate account by your landlord. Before you sign your lease, remember to ask your landlord about any fees you might have to pay.