Remove Compliance Remove Residential Property Remove Utilities
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11 benefits of automation in property management

Buildium

The property management industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential property managers can use to improve their operations and enhance residents’ experiences. Owners receive timely financial and compliance documents without extra effort.

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Best practices for expanding your property management portfolio into new markets

Buildium

Diversifying Income Streams The more properties and property types you manage, the more diversified your income stream. For example, by expanding from residential properties to commercial properties, you can protect yourself from downturns in either submarket. From there, you can forecast your expected returns.

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The Ultimate Guide to Sustainable Property Management

Beach Front Property Management

In todays environmentally conscious world, sustainable property management is more than just a trend; it is a responsibility. From residential properties to commercial real estate, the growing emphasis on sustainability is reshaping how property managers operate, invest, and plan for the future.

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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

Deduct Allowable Expenses Now that you’ve found your total gross income, subtract it by any allowable expenses related to maintaining and running your rental property. For instance, consider factors like repair costs, mortgage interest, property taxes, insurance premiums, and utilities. years for residential properties.

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The 10 Features of a Great Property Management Company

Property Management Inc.

Rigorous Tenant Screening to Protect Your Property A key feature of exceptional property management services is their focus on thorough tenant screening. Reliable property managers prioritize finding high-quality tenants who respect lease agreements, pay rent on time, and care for your residential property.

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7 Acceptable Reasons for Late Rent Payments Every Landlord Should Know

Property Management Inc.

Legal compliance and rent reminder notices ensure smoother proceedings and safeguard rental income. Maintenance Woes Justify Late Rent A rental property's maintenance issues can disrupt tenants' lives and monthly budgets. Broken heaters, plumbing failures, or unaddressed utility disruptions lead to tenants withholding rent.

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How to submeter in a multifamily property

MRI Software

Utility costs in multifamily properties continue to rise, making it increasingly important for property owners to find ways to manage expenses effectively. At the same time, tenants want a fair billing system where they only pay for the utilities they actually use. What is submetering and how does it work?