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Property management accounting essentials: 6 must-have software features

Buildium

Choose a property management accounting software solution that gives residents a wide variety of online and automatic rent payment options , from EFT and bank transfers to credit card payments and other options such as Pay-Near-Me at local retailers.

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What Does Turnkey Mean In Real Estate?

Bay Property Management Group

Commercial Turnkey Investments Less common but available — includes fully leased office spaces, retail units, or larger multifamily buildings that have been renovated and stabilized for immediate income. The Pros and Cons of Turnkey Investing Like other top real estate strategies , turnkey investing comes with both upsides and downsides.

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What Are Leasehold Improvements in Rentals?

Bay Property Management Group

These improvements are often considered capital assets and may require landlord approval, licensed contractors, and lease review before starting. Brighter fixtures might work better for a retail shop, while softer lighting feels right for a wellness space. But in private residential rentals, it’s generally the tenant who pays.

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Is Real Estate Investment Trusts a Good Career Path?

American Apartment Owners Association

Common types include: Retail : Shopping malls, big box stores, and outlets. This role often includes managing permits, contractors, and project timelines. Hybrid REITs : Combine strategies of both equity and mortgage REITs. Commercial Property Categories REITs generally specialize in one or more categories of commercial real estate.

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Critical Issues in Triple Net Leases Investors Should Know

Esquire Property Management Group

It is common for retail complexes and mixed-use projects to include land-based agreements like these. The landlord or investor will need to spend time looking for contractors, billing them, calculating reconciliations, collecting payments, and performing other related tasks.

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New Smoke Detector Law in California

Real Property Management Choice

Exception: If anyone (retailers, wholesalers, managing agents, contractors, property owners) has the older models (not a 10 year battery), they may continue to install them until July 1, 2015. Manufacturers may only sell smoke detectors in California that have non-removable batteries capable of powering the unit for 10 years.

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How Much Does Commercial Property Management Cost in Santa Monica, CA?

InveServe

Since they are responsible for the maintenance and repairs, they may have an in-house team or find contractors to take care of these tasks. However, a large-scale commercial building, such as an office building, retail store, or apartment complex, requires constant maintenance staff.