Buildium

APRIL 23, 2025

This means balancing leasing with maintenance, tenant relations, financial management, and legal compliance. Negotiating Lease Terms: After finding the right tenant, youll negotiate the lease terms, including rent, deposits, and policies. Rent Collection and Financial Oversight Collecting rent is one of your core duties.

Lease

Buildium

JUNE 16, 2025

From collecting rent collection to finding leads, we’ll focus on how readily available tools can help you work smarter and more efficiently. Key takeaway: Automated checklists reduce errors, support compliance, and keep properties well-maintained with less manual oversight.

Property Management

Buildium

MAY 29, 2025

Collecting Rent and Managing Finances: Less Stress, More Consistency Before: Late Checks and Manual Spreadsheets Rent day used to mean waiting for mailed checks, making trips to the bank, and updating ledgers by hand. Scenario: Tenants get automatic reminders a few days before rent is due. Most pay through the app.

Property Management

Buildium

JUNE 16, 2025

Example: “If rent is more than 5 days overdue, apply a late fee.” Rent Collection and Delinquency Workflows Rent collection is one of the most time-sensitive workflows, which means it stands to gain a lot from automation. Examples: A lease is signed, a payment is late, a tenant submits a request.

Property Management

Buildium

JUNE 16, 2025

They also reduce compliance risk by creating standardized documents that can be used every time and customized as needed. Accounting and Rent Collection Automation Tools Financial workflows are where accuracy matters most. What they do: Send automatic email and SMS updates based on status changes (e.g.,

Property Management

Buildium

JUNE 25, 2025

Apartment management demands a careful balance of tenant satisfaction, building upkeep, financial control, and regulatory compliance. This guide covers what you need to know about leasing, communication, maintenance, budgeting, staffing, compliance, technology, and growth strategies. Tenant retention begins when the lease is signed.

Apartment Management

Buildium

JUNE 16, 2025

Owners receive timely financial and compliance documents without extra effort. Messages trigger automatically based on key events or dates, such as rent due reminders, maintenance appointment confirmations, package arrival alerts, or lease renewal notices. For example, residents who get rent reminders via text tend to pay on time.

Property Management

Buildium

MAY 15, 2025

You already know how to handle tenants, maintenance, budgeting, and legal compliance. List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. Buildiums 14-day free trial and guided demo are great ways to see which tools match your style and portfolio size.

Property Management

Buildium

JUNE 16, 2025

Rent Collection and Accounting Rent collection is one of the most predictable parts of your workflow, which makes it perfect for automation. Automated bookkeeping workflows let you: Send rent reminders a few days before the due date. Leasing emails, rent reminders, and maintenance coordination are all solid starting points.

Property Management

Buildium

MAY 29, 2025

All-in-One Tenant Experience Platforms While tenant portals have existed for years, the latest trend centers on complete platforms that cover maintenance requests, rent payments, community engagement, and local service info. Property managers who watch for and act on new proptech trends will stand out in a fast-changing market.

Property Management

Buildium

JUNE 12, 2025

On the surface, both offer tools for managing leases, collecting rent, and tracking income and expenses. It covers nearly every aspect of property management, including leasing, rent collection, maintenance tracking, and accounting. Two widely used solutions in today’s market are Buildium and Stessa.

Property Management Software

Buildium

MAY 29, 2025

Start small: Lease renewals, rent tracking, or maintenance logs. Schedule Recurring Digital Reminders Use calendar tools to remind you about: Lease expiration dates Preventive maintenance Compliance deadlines Insurance renewals Youll never scramble at the last minute again. Which ones feel disorganized, repetitive, or time-consuming?

Property Management

Buildium

JULY 9, 2025

What level of service do you offer (basic rent collection vs. full-service management)? Rent Collection : Online payments, late fee enforcement, and eviction coordination. Legal Compliance : Ensure adherence to local landlord-tenant laws and fair housing regulations. What geographic areas do you serve?

Property Management

Buildium

JUNE 9, 2025

Conducting Due Diligence Due diligence involves checking your potential acquisition’s financial health, operational stability, and legal compliance. Legal and Compliance Review Bring in a legal expert familiar with property management to review contracts, lease agreements, vendor obligations, and any pending disputes.

Property Management

Buildium

MAY 29, 2025

Property managers can use software to automate rent collection, track late payments, and even generate detailed financial reports with minimal effort. Blockchain enables smart contracts that automatically execute terms such as rent payments and maintenance responsibilities when agreed conditions are met.

Property Management

Buildium

MAY 29, 2025

With the right app setup, you can: Check rent status Approve applications Assign work orders Communicate with owners Share documents Track key tasks No laptop or office required. Online Rent Collection See whos paid , who hasnt, and when payments were made. Work from Anywhere One of the most obvious benefits: mobility.

Property Management

MRI Software

FEBRUARY 11, 2025

They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. Lease audits provide a clear understanding of tenant agreements and ensure compliance with legal and property guidelines. What is the purpose of lease audits?

Lease

Buildium

JUNE 16, 2025

The platform automates everything from online rent payments and late fee enforcement to lease renewals and tenant onboarding. The system also tracks vendor compliance, such as W-9s and insurance documents. If you don’t already use Buildium, you can test it out for free with a 14-day trial or by signing up for a guided demo.

Property Management

MRI Software

FEBRUARY 12, 2025

From tenant screening and legal compliance to property maintenance, the demands on landlords can quickly pile up and become overwhelming. These services typically include tenant screening, lease management, rent collection, and property maintenance, among others. Managing rental properties can often feel like a full-time job.

Landlord

Buildium

JUNE 12, 2025

Whether as part of a full-service property management platform (that also covers rent collection, accounting, and lease management) or as a standalone solution, a maintenance app has features that focus specifically on the daily work needed to keep a property running. Download The Your Buildium Demo is just two steps away!

Maintenance

Buildium

APRIL 23, 2025

As a residential property manager, one of your most important responsibilities is selecting tenants who will pay rent on time and care for your property. A strong credit score usually indicates the tenant is responsible with money, increasing the likelihood of on-time rent payments. Contact the employer or request recent pay stubs.

Applications

Buildium

MAY 29, 2025

Property managers use Buildium to automate rent collections, manage vendor payments, track maintenance requests, and communicate with tenantsall within a single, easy-to-use platform. Obligo also protects landlords against potential damages or unpaid rent, maintaining financial security without burdening tenants.

Property Management

Authority Property Management

MAY 9, 2025

How new rent control rules on rebuilt properties may discourage reconstruction and harm both landlords and tenants in need. Californias Tenant Protection Act of 2019 (AB 1482) already places rent caps on many properties but it exempts new construction for 15 years , including units rebuilt after disasters like wildfires or earthquakes.

Finance

Buildium

JUNE 28, 2025

Concern #4: Ethical Considerations and the Risk of Bias Avoid relying on AI to screen tenants or set rent prices. To stay ahead with tech-supported workflows and service offerings, consider testing out Buildium’s comprehensive property management software with a free, no-risk 14-day Buildium trial or live guided demo.

Property Management

American Apartment Owners Association

NOVEMBER 11, 2024

Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. We were able to help one of our operators avoid hiring two accounts receivables clerks, saving about $140,000 annually, as well as boost their rent collection rate from 80% to 96.5%. Schedule your demo now to get started.

Landlord

Buildium

DECEMBER 30, 2024

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.

Property Management

American Apartment Owners Association

NOVEMBER 11, 2024

Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. We were able to help one of our operators avoid hiring two accounts receivables clerks, saving about $140,000 annually, as well as boost their rent collection rate from 80% to 96.5%. Schedule your demo now to get started.

Landlord

MRI Software

DECEMBER 10, 2024

This is making many commercial landlords wonder, can you rent out commercial property as residential to address the housing crisis or boost property income? Why landlords might consider renting out commercial property as residential More landlords are exploring this route due to the shifting dynamics of the real estate market.

Commercial Property

Buildium

MAY 15, 2025

You already know how to handle tenants, maintenance, budgeting, and legal compliance. List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. Buildiums 14-day free trial and guided demo are great ways to see which tools match your style and portfolio size.

Property Management

MRI Software

AUGUST 2, 2024

For property managers, this process is not just about confirming that a tenant can meet their rent obligations; it’s about establishing trust and reducing financial risk, creating a stable and reliable basis for accounting and investment. This compliance is critical to maintaining equitable treatment for all applicants.

Property Management

MRI Software

FEBRUARY 10, 2025

Residential management goes beyond collecting rent, its about creating a system that works for both you and your tenants. Residential leasing management is the process of handling everything related to rental property leases, including tenant relations, rent collection, and legal compliance.

Lease

MRI Software

DECEMBER 12, 2023

This software can automate processes such as tenant screening, lease tracking, rent collection, and maintenance requests. Setting and collecting rent Multifamily property managers are responsible for setting competitive yet profitable rental prices. Collecting rent is another fundamental task for property managers.

Property Management

MRI Software

MARCH 1, 2025

Whether you’re an experienced property owner or new to renting, choosing the right lease agreement is essential for maintaining a smooth and profitable rental operation. A lease agreement is a legally binding contract that outlines the terms under which you rent your property to a tenant. What is a lease agreement?

Lease Agreement

MRI Software

FEBRUARY 8, 2025

The master tenant can sublease units, collect rent, and handle operations, while the landlord enjoys a fixed income. Management responsibilities: The master tenant typically manages subleasing units, rent collection, and property maintenance. Check compliance with zoning, safety regulations, and local market conditions.

Lease Agreement

MRI Software

DECEMBER 12, 2024

Whether its missed rent payments or a lease violation, understanding why tenants default and how to address these issues is key to protecting your rental business. This often includes non-payment of rent, but it could also involve damaging property or breaking other lease terms like unauthorized subletting. What is tenant default?

Tenant

MRI Software

FEBRUARY 9, 2025

These fees typically cover essential tasks like tenant screening, rent collection, and property maintenance. A good property management company can minimize vacancies, address maintenance issues proactively, and keep your property in compliance with local laws. As an example, you might pay a $500 flat fee plus 4% of monthly rent.

Rental Management

MRI Software

DECEMBER 17, 2024

Whether youre managing rent payments, maintenance requests, or tenant communication, this guide has you covered. It automates repetitive processes like rent collection and lease renewals, saving time and reducing errors. Online rent payment options Online rent payment is a must-have feature for modern property management.

Apartment