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How Much Should You Budget for a Rental Turnover in Columbus? (Especially If You Own an Older Home)

RL Property Management

Many property owners underestimate this reality. In this article, you’ll get a simple rule for how much to save, what drives turnover costs (especially in older homes), and how to build a reserve strategy that protects your cash flow. Think of turnover as a kind of “maintenance multiplier.”

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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. No matter how hard you try, even with regular maintenance, all appliances will eventually reach the end of their lifespan.

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What Is Vacancy Loss & How to Calculate It

Bay Property Management Group

In this article, we’ll explain what vacancy loss is and why it matters, how to calculate it, its common causes and solutions, and even answer frequently asked questions. Lost Income Even if no one is living in the unit, you still have to pay for things like maintenance, property taxes, and utilities.

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Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. From setting rental terms to handling maintenance and tenant management owners call the shots. Lets dive in!

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Do Property Managers Pay For Repairs? Here’s The Truth

Bay Property Management Group

Having a property manager as part of the equation can be great, while at the same time it isn’t always entirely clear what falls within the scope of their role, what does not, and what costs the owner still has to pay for. Maintenance is certainly one of the key expenses in which this is a question. Good question.

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What is the Difference Between a Lease and a Rental Agreement?

Bay Property Management Group

In this article, we will explore the following: What is the Difference Between a Lease and a Rental Agreement? These leases often include clauses that protect both parties, such as maintenance responsibilities and rules for breaking the lease. The difference between lease vs. rental agreement is a good example of this.

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A Complete Guide to Renting Out Your House

Bay Property Management Group

Heres some of the main landlord-tenant laws you need to keep in mind : Maintenance: You are legally obligated to keep your rental property habitable. Repair and Maintenance: Address all maintenance issues. As a rule, you should hire professionals to ensure your property is compliant with applicable safety codes.