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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental ownership. List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. Your professional network is another huge advantage.

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Best simple lease agreement templates for residential properties

Yardi Breeze

But how can you be sure that a free lease agreement is legally compliant without hiring an attorney to review it? An attorney can always prepare lease documents for you. California In California, lease regulations vary greatly depending on whether the unit is stabilized or not. Youre not alone.

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Big US Cities Challenge Algorithmic Rents

American Apartment Owners Association

San Francisco and Philadelphia are leading the charge against rent-setting software, passing laws to regulate the use of algorithmic systems that leverage nonpublic data. Critics, however, argue that targeting rent algorithms is a distraction from the root cause of rising housing costs: a lack of supply. They’re here.”

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Rent Control 101: Understanding the Basics

American Apartment Owners Association

As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. Each location has its own different requirements and details regarding rent control.

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How to Handle Common Lease Violations

American Apartment Owners Association

When residents lease a property, they sign an agreement outlining their responsibilities, such as timely rent payments. These violations can happen when residents take unauthorized actions or overlook certain responsibilities, like missing rent payments. Noise Regulations : Respecting noise guidelines is key to a peaceful community.

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Understanding a Rent Increase Notice and the Importance of Compliance

American Apartment Owners Association

Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. What causes rent to increase?