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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. Explore financing options while considering the 1% Rule forsustainable growth. Leveraging financing options and managing property maintenance can boost ROI.

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Dealing with Difficult Tenants: When and How to Enforce Eviction Procedures

Real Property Management Evertrust

Unclear Lease Terms Another rookie mistake is not having a solid, legally binding lease agreement that clearly outlines tenant expectations, rent payment dates, and consequences for non-compliance. Resolution Tip: Have a lawyer review your lease agreement to ensure it complies with state and local laws.

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What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

A major component of property management is the administration of finances in a manner that is both accurate and transparent. Make sure that you are in compliance with the law by properly managing lease agreements, security deposit regulations, and eviction procedures.

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Making Money in Multifamily: Tips and Tricks for Smart Investors

American Apartment Owners Association

LEARN MORE Leveraging Technology In today’s digital age, technology can streamline property management make sure to hire a PM that uses Tech to your advantage: Property Management Software: Use software to keep track of finances, lease agreements, and maintenance requests efficiently.

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The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

If a tenant makes a repair request and you don’t act on it right away, you will find yourself dealing with more significant problems down the line, including higher maintenance costs and potentially leaving your tenants dissatisfied and unlikely to renew their lease agreements. Make sure your lease agreement is clear and consistent.

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What You Should Consider When Creating a Rent Increase Notice Letter

Young Management

While for tenants, it provides a clear and official notice to help them plan their finances accordingly. How Much Notice Should You Give It’s generally not permissible to implement a rent increase until the current lease term concludes. Sending the Notice Have the notice reviewed by an attorney to ensure legal compliance.

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What are the different types of commercial leases

MRI Software

Navigating the complexities of commercial real estate leases is essential for both property managers and tenants. In this article from MRI Software, we’ll explore the different types of commercial leases, providing valuable insights to help you navigate lease agreements with confidence.

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