Buildium

MAY 29, 2025

Why Digital Twins Matter Property managers can test scenarios such as changing energy use, scheduling maintenance, or planning emergency drills without disturbing the actual building. Tenants and managers can adjust lighting, thermostats, security settings, or submit maintenance requests simply by speaking.

Property Management

Bay Property Management Group

APRIL 23, 2025

But before you dive in, there are a few things you should knowthings that goes beyond the basic buy low, rent high advice. Additionally, if you live in one unit and rent the other, you can lower your housing costs while building equity, offering flexibility for homeowners and investors alike. Sounds smart, right?

Single-Family Home

Bay Property Management Group

JULY 22, 2025

Since you have four separate units, you can collect rent from multiple tenants all under one roof. Also, if you so choose, you can live in one unit and rent out the other three. Here’s what: Multiple Income Streams Investing in a fourplex lets you collect rent from four separate units at the time.

Single-Family Home

Buildium

MARCH 19, 2025

Heres a quick breakdown of those definitions. This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. What Counts as Rental Income? Rental income includes all the payments you receive from tenants.

Rental Property Management

Bay Property Management Group

MAY 16, 2025

Think Through Roommates: They share rent and legal responsibility. Proof of income Most landlords want to see that you can afford the rent. Step 2: How To Check Your Credit Score Before Renting For many first-time renters, the term ‘credit score’ can feel a bit intimidating.

Apartment

Bay Property Management Group

APRIL 4, 2025

Ground leases let tenants develop land without owning it, offering benefits like lower upfront costs but posing risks such as rising rent and loss of improvements. Also, they’re usually responsible for paying all its taxes and handling all its maintenance. Lets make sense of it together. Main Takeaways What is a ground lease?

Lease

InveServe

JULY 9, 2025

This guide will introduce you to key terms and definitions, elements of a commercial lease, and common mistakes to avoid. But, it’s good to remember that this convenience usually comes with a higher base rent, as the property owner needs to account for the costs they are taking on.

Commercial Property

Bay Property Management Group

FEBRUARY 13, 2025

Renting a home seems straightforward enough on paper. You pay rent and enjoy your space. On the milder end, it could be something like making excessive noise, and on the more severe end, it could look more like missing rent payments or damaging the property. You will definitely regret it. It could end with you in jail.

Lease

Rentals United

JULY 30, 2025

Understand local definitions of STR In the US : Definitions can vary quite a bit between cities and states. Understanding these definitions is essential since it determines what type of licence you need, and whether the property counts against caps set in zoning districts. 10 STR strategies for US and UK market 1.

Regulation

Bay Property Management Group

JULY 2, 2025

Always check your state and town’s laws for definitive information. Breaking the Rules Can Have Serious Consequences If you fail to comply with the terms of the lease — such as not paying the rent or committing serious lease violations — there likely will be consequences. This can give you a broader set of options.

Lease

Bay Property Management Group

JULY 1, 2025

In this article, we’ll look at some common leasehold improvements, compare them with regular maintenance, discuss who typically pays for them, share a few tips, and more. Leasehold Improvements vs Repairs vs Maintenance How different are leasehold improvements, repairs, and maintenance? Sometimes it can be confusing.

Landlord

Bay Property Management Group

MAY 9, 2025

Main Takeaways Apartments provide steady rental income and lower maintenance responsibilities , thanks to shared building management, multiple tenants, and tax benefits. Repairs and Maintenance: You can deduct ordinary repairs and maintenance, like fixing a leaky faucet or repainting, in the year you incur them.

Apartment

RL Property Management

JULY 8, 2025

Renting Out Beats Selling in Today’s Market It’s no secret: today’s housing market is tight. But here’s the good news: renting out your property can often be the smarter financial move. If you’re unsure whether renting or selling makes more sense for your situation, we can help. What does that mean for you?

Real Estate

Bay Property Management Group

APRIL 2, 2025

Most landlords worry about chasing late rent, getting repairs done, or dealing with difficult tenants. Signs Your Property Might Have a Phrogger As a landlord, you are always checking on things like repairs, rent, and who is moving in or out. And yes, its definitely illegal. Believe it or not, this strange situation has a name.

Real Estate

Real Property Management Choice

MAY 29, 2025

Create a Rent-Ready Property That Tenants Cant Ignore Pay attention to the propertys functionality and aesthetics before listing it. Schedule and complete the repairs and the maintenance first, and think about the sorts of updates and upgrades that might attract tenants. Renting out a property on your own is easy in a lot of ways.

Lease Agreement

ADDA

JULY 21, 2025

You should definitely consult a legal expert if: Your community has multiple towers, mixed-use areas, or unclear builder documentation There is disagreement among residents or unclear ownership records You are registering under a newer Apartment Ownership Act and are unfamiliar with the forms (e.g., per flat, slab-wise, etc.),

Government

Bay Property Management Group

MARCH 18, 2025

Your Personal Financial Profile: While the economy definitely affects mortgage rates, your finances matter, too. When you have your investment and are ready to rent it out, we can handle the hard work so you can focus on growing your investment! Lenders look at: Your Credit Score Having a high score (740+) gets you the best rates.

Property Management

Avantio

JULY 7, 2025

Under Chapter 509 of the Florida Statutes, a “transient public lodging establishment” , such as a short‑term rental, is defined as any housing rented for 30 days or less, more than three times in a calendar year, or advertised to the public as rented regularly to guests. Tampa Requires a city-specific STR permit.

Property Management

Rentals United

JUNE 4, 2025

The top 50 is the definitive ranking of the largest short-term rental property managers in the world by number of properties, compiled and published annually by Rentals United. Onefinestays unique approach to short- and medium-term renting appeals to a diverse range of guests, from families to celebrities.

Rental Management

Buildium

MAY 21, 2025

From receiving rent payments to handling vendor invoices, theres so much money that flows through your business each month. This can definitely save hours when finalizing your bank reconciliations at the end of each month. These tools help streamline the process by automating rent collection, expense tracking, and financial reporting.

Property Management

Bay Property Management Group

FEBRUARY 2, 2025

A lessee is simply a person or entity that rents land or property. Think of it like when you rent an apartmentthe person who signs the lease is the lessee, responsible for paying rent and following the rules set by the landlord. Take Care of the Property A lessee is expected to keep the rented property in good condition.

Lease Agreement

MRI Software

JULY 1, 2025

Clarification of Community Revitalization Plan Definitions – Allowing states to define these plans ensures flexibility and responsiveness to local needs, facilitating more tailored and effective development strategies. Track utility usage to identify inefficiencies.

Compliance

Host Tools

MAY 30, 2025

Welcome to our definitive Airbnb budget guide! These typically include mortgage or rent payments, property insurance , HOA fees , and any recurring utilities. Examples of variable costs include cleaning expenses , restocking supplies , and routine maintenance. These are predictable and, thus, easier to budget for.

Airbnb

Bay Property Management Group

APRIL 28, 2025

Definition & Features: A loft is an open apartment with high ceilings, large windows, and minimal walls, often in repurposed industrial buildings. Whether you’re renting or buying, loft apartments come with some solid perks. Thinking about loft living? Heres what you need to know before making your move.

Apartment

Condo Control

MAY 28, 2025

As a result, rents in many cities are coming down after years of steep increases. Keep in mind that older buildings will generally require more maintenance work than new builds. If you are a contract worker, or work in a volatile industry, then you may be better off renting.

Condominium

Fourandhalf

MAY 28, 2025

He started and later sold a maintenance company. It was rare to find a 24-hour maintenance hotline. If everyone providing property management has a 5 percent profit margin, you cant do anything except collect rent and file evictions. Staffing maintenance services would be impossible. Now, everyone has these things.

Property Management

Real Property Management Chicago

JULY 1, 2016

Should you Rent or Buy? Is Rent Money Really Wasted Money? Ask just about anyone who rents, and they’ll tell you that they can’t wait for the day they can stop throwing their money away on monthly rent and just buy a home. However, is there any truth to the assumption that renting is just a waste of money?

Rent

Real Property Management DC Metro

SEPTEMBER 27, 2024

The fact of the matter is that numerous people are making a choice to rent over buying a home, typicaly because it better fits their personal or financial situation. To profit from the number of renters in the market at the moment, it’s key to take into account why so many people find it wiser to rent instead of buy.

Rent

American Apartment Owners Association

FEBRUARY 6, 2025

AvalonBay has added about 50 ADUs into some of its California communities.The average 425-square-foot studios and junior one-bedroom units generate rent between $4 and $8 per square foot. On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants.

Landlord

Bay Property Management Group

DECEMBER 23, 2024

Key Takeaways from this Article Role Definitions and Responsibilities : A landlord owns the property and is responsible for key tasks like setting rental terms, maintaining the property, and adhering to legal regulations. A landlord is a person who owns property that they lease to another party in exchange for rent.

Property Management

Bay Property Management Group

DECEMBER 2, 2024

Main Takeaways If your home’s maintenance problem impacts your safety and health, your landlord is legally required to fix it. Finally, as a last resort, some local laws may let you withhold your rent or use some of it to pay for repairs. When Aren’t Landlords Liable for Maintenance Issues? How Long Can a Landlord Ignore You?

Landlord

Real Property Management Chicago

JUNE 4, 2021

This may include getting insurance for your property as well as doing routine maintenance and repairs. In order for your property to meet the legal definition of “habitable” , due diligence is carefully done to make sure that you have all you need to keep liability at its lowest.

Property Management

Real Property Management Chicago

AUGUST 27, 2021

Then again, if you say that the definition of an asset is a means of generating cash flow, it might be that your most valued asset isn’t your property but your tenant. In order to realize a profit, you need to get rent payments. In any case, rental income can’t be generated from a vacant rental house.

Tenant

American Apartment Owners Association

JANUARY 27, 2025

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property

Real Property Management California Coast

DECEMBER 20, 2024

Creating Budgets for Predictable Cash Flow Creating an adequate budget will definitely help property managers closely monitor the income and expenses for adequate cash flow for possible maintenance, emergencies, and other salient services. Managing your debt at levels will prevent your monthly expenses from overwhelming you.

Property Management

MRI Software

NOVEMBER 28, 2023

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? What is Common Area Maintenance (CAM)? How does Common Area Maintenance work?

Maintenance

Authority Property Management

AUGUST 11, 2021

The answer is simple, rental property maintenance keeps your rental unit in good shape and makes it appealing to existing and prospective tenants. More so, it is difficult to retain the best quality tenants when you fail to perform necessary maintenance and repairs. This is one of the common questions many property owners ask.

Property Maintenance