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Resident Screening & Lease Agreements: 4 Mistakes Columbus Landlords Should Avoid

RL Property Management

Managing rental properties in Columbus can be incredibly rewarding, but even small missteps can snowball into expensive problems. Because even small screening and lease agreement mistakes can cost you thousands in lost rent, legal fees, and property damage, not to mention time, stress, and lost sleep.

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What is Rent-to-Income Ratio and Why Should Landlords Care?

Bay Property Management Group

Have you ever wondered how to quickly assess whether a tenant can afford your rental property? The rent-to-income ratio is a simple, yet powerful, tool that helps landlords gauge financial stability before signing a lease. appeared first on Bay Property Management Group. Contact us today to see how we can help!

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How Long Does a Landlord Have to Replace a Refrigerator?

Bay Property Management Group

In this article, well break down the typical timeframes for replacements and repairs, the factors that can affect these timelines, and who is responsible for appliance-related issues in the first place. Some leases explicitly state whether the landlord is obligated to repair or make a replacement. Lets break them down.

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Airbnb vs. Renting: Which Option Is Better?

Hospitable

By The Hospitable Team Beginner's Guides , OTAs , Starting an STR Business Investing in rental properties is a popular strategy for generating extra cash. However, one of the main discussion points among real estate investors is the debate about whether to list a property on Airbnb or opt for traditional long-term renting.

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Can You Pay Rent After an Eviction Notice?

Bay Property Management Group

Key Takeaways from the Article Paying Rent Can Prevent Eviction If You Act Fast : Receiving an eviction notice doesnt always mean you have to leave. Its the landlords way of saying, If this issue doesnt get resolvedlike paying overdue rent or addressing a lease violationI might have to take legal steps to remove you from the rental property.

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What Is a Lessee? Definition & What You Need to Know

Bay Property Management Group

In this article, well answer the questions – what is a lessee, what theyre responsible for, their rights, and clear up some common myths. A lessee is simply a person or entity that rents land or property. A lessee is simply a person or entity that rents land or property. Ready to dive in? Lets get started!

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Essential Legal Considerations for Starting a Real Estate Business

American Apartment Owners Association

In this article, well explore key legal considerations that will help you build a thriving, compliant real estate business. File Articles of Organization: Submit this foundational document to your states Secretary of State office for example, the requirements to form an LLC in Florida include outlining basic details about your business.