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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

When a tenant moves out, expenses pile up fast. And if your property is more than 30 years old? 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.

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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. That said, if an issue doesn’t pose an urgent threat to the tenants’ health or safety, that timeline might go slower.

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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. It can make your property less valuable, increase your expenses, and make it harder to attract tenants. Keep reading to learn more.

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Landlord vs Property Manager: Key Differences Explained

Bay Property Management Group

Key Takeaways from this Article Role Definitions and Responsibilities : A landlord owns the property and is responsible for key tasks like setting rental terms, maintaining the property, and adhering to legal regulations. From setting rental terms to handling maintenance and tenant management owners call the shots.

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

Bay Property Management Group

When we oversee Washington DC property management we are conscious of the questions tenants (and sometimes landlords) may have with the jargon that is used. In this article, we will explore the following: What is the Difference Between a Lease and a Rental Agreement? Or hire the experts!

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What Are Mid-Term Rentals? A Guide For Property Owners

Bay Property Management Group

Contents of the Article What Are Mid-Term Rentals? Mid-term rentals are rental properties that you can lease for a medium-length period. To be specific, these tenancies can range from a few weeks to a few months, depending on the tenant’s needs. You have the flexibility to adjust the rent after a tenant vacates.

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

Bay Property Management Group

There are a mix of comprehensive property managers out there along with many who do not include repair and maintenance costs as part of their pricing structure. In this article, we will explore the following: Do Property Managers Pay for Repairs? Can I make a tenant pay for repairs?