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7 Acceptable Reasons for Late Rent Payments Every Landlord Should Know

Property Management Inc.

You've managed your property meticulously, balanced your mortgage payments, and established lease agreements. Still, tenants missing rent payments somehow becomes a part of the game. Flexible payment plans and grace periods can transform financial challenges into manageable solutions for tenants.

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Guide to Rental Bookkeeping

ADDA

Proper rental bookkeeping is not only important for tax purposes but also for making informed business decisions that can impact the overall profitability of a rental property. Key Elements of Rental Bookkeeping Income Tracking The most fundamental aspect of rental bookkeeping is tracking rental income.

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Landlording Sucks & Rental Income Isn’t Passive — Do This Instead

SparkRental

The Big (And Real ) Picture on Being A Landlord: Despite popular belief, owning rental properties requires significant time and effort. The passive income ideal is often a full-time job in disguise. The post Landlording Sucks & Rental Income Isnt Passive Do This Instead appeared first on SparkRental.

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The Return of the Accidental Landlord in 2024

Authority Property Management

In this blog, we’ll chat about what it means to be an accidental landlord, why the current market makes it appealing (or even necessary), and how property management pros like us at Authority Property Management can help ease the transition. Our team is here to help, whether you’re local or managing from a distance.

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What is a corporate lease for residential properties? Insights for landlords and property managers

MRI Software

Corporate housing has grown significantly in recent years, becoming a key segment of the rental market. For landlords and property managers, understanding corporate leases can help optimize rental strategies and reduce vacancy rates. Landlords also enjoy simplified property management when working with corporate tenants.

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What is residential property management? Roles and responsibilities explained

MRI Software

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

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Property Management KPIs You Should Track

MRI Software

Effective KPI monitoring provides valuable insights that enable property managers to make informed decisions, streamline processes, and ultimately, improve overall performance. Rental Arrears Refers to tenants who have missed rent payments or paid late. Operational KPIs for Property Management 1.