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What Is KPI in Property Management?

BetterWho

In this guide, well walk through the most important KPIs, why they matter, and how a property management coach or consultant can help you implement them effectively. Occupancy Rate This tells you how many of your rental units are currently leased. Days on Market How long it takes to fill a vacant unit.

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What Can Void a Notice to Quit in PA?

Bay Property Management Group

Main Takeaways Here’s what can void a notice to quit in PA: Improper Delivery or Notice Errors A notice must be personally delivered or posted at the rental unit. Of course, it’s always a best practice to consult a lawyer to get their definitive opinion. Providing the wrong timeframe can void the notice.

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How to find the best rental property accounting software for landlords

Buildium

Whether you own a single rental unit or a large portfolio of properties, accounting software can help you manage your finances more effectively, reducing the stress associated with manual record-keeping. There are a variety of software solutions available, each offering different features suited for landlords with varying needs.

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How to Keep Your Tenants Safe

American Apartment Owners Association

In other words, the landlord has followed the local building or housing codes and ordinances which address the structural integrity of the rental unit along with the tenants health and safety. Suspicious Activity: Most leases have a provision banning illicit actions inside rental units.

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What Is Phrogging in Real Estate?

Bay Property Management Group

Its more common than you might think and can happen even in vacant rental units. Sometimes, it even happens in rental units that are sitting empty between tenants. In that case, it’s definitely important to check out the attics, basements, and even empty units. It’s called phrogging.

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How to switch your short-term rental strategy and market mid-term rentals?

Rentals United

This rental model combines the income potential of short-term stays with the reliability of longer leases. At Rentals United, weve analyzed our internal data and turned it into insights to help property managers like you build adaptable rental strategies and maximize bookings. Less flexibility.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

If you don’t currently offer the ability to apply for your vacancies using an online application , it’s time to seriously consider it; more than half of rental property managers report an expectation by renters that they can fill their applications out online. Put Your Property’s Best Foot Forward. Check Up On Your Application Process.

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