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What Is a Lease Fee, Explained

Bay Property Management Group

Main Takeaways Lease fees cover the administrative work involved in processing applications and preparing rental agreements. They are typically one-time, upfront charges and may vary by property or management company. Why Do Landlords or Property Managers Charge Lease Fees? And then, you see a lease fee.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Your rental income, operating costs and the amount of your mortgage loan are factors that influence your ROI.

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How to start and run a virtual property management company: The benefits, drawbacks, and what to know

Buildium

The Core Benefits of Running a Virtual Property Management Company Switching to a virtual model (or starting one from scratch) can transform how you operate. Lower Overhead No rent, utilities, or office furniture. Here are some of the biggest upsides. You can grow without needing a bigger building or higher lease.

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Everything you need to know about apartment management in 2025

Buildium

Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Start marketing units before they’re vacant, offer virtual tours, and streamline the application process. Compare actual spending against projections each month and adjust as needed.

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Property Management Expansion: Strategies for Successfully Entering New Markets

Zeevou

Financial Considerations When planning a property management expansion, careful budgeting is essential to ensure long-term success. Start by accounting for the costs of acquiring new properties, which may include purchasing the property, renovations, furnishings, and setting up utilities.

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How to Keep Great Tenants in Columbus: Your Retention Playbook

RL Property Management

Showing the property, processing applications, preparing new lease documents, and managing the move-in process all take considerable effort. Utility Bills: When a unit is vacant, you, the owner, are typically responsible for paying utilities like electricity, water, and gas to keep the property showable and maintained.

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17 of the best proptech companies every property manager should know in 2025

Buildium

The platform handles accounting tasks like expense tracking and generating detailed financial reports, helping managers stay on top of cash flow and budgeting. Buildium also supports digital lease signing and application processing, speeding up leasing cycles and reducing paperwork.