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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. From utilities and security deposits to holding the proper insurance, spending can quickly add up. Let’s check out what you need to learn about the cost of renting, utilities for renters, and more.

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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.

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What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. But sometimes, utility costs can pile up fast and throw off your entire budget. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly?

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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.

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

Buildium

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. Cost Reduction: AI can reduce labor costs by aiding or replacing staff who perform repetitive tasks.

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Property managers, here are the 5 top leasing trends of 2025

Buildium

Beyond just seeing the current rental amount, they want to see utility information and information on any supplemental fees, such as pet fees. Meanwhile, according to the National Apartment Association , a rise in tenant application fraud has put rental owners and property managers on alert. They want fee information up front, as well.

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8 examples of automated property management systems you can start using today

Buildium

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. Utility Usage Data Integration Automated systems pull consumption data directly from utility providers or smart meters.