Bay Property Management Group

DECEMBER 8, 2024

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. What Does It Mean to Cancel a Lease?

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Lease Lease Agreement Landlord Tenant 130

American Apartment Owners Association

DECEMBER 16, 2024

In this blog post, we’ll explore the following: Understanding Why Tenants Leave Rising Supply, Increasing Competition for Residents 8 Tips to Minimize Tenant Turnover Understanding Why Tenants Leave Before diving into retention strategies, it’s crucial to recognize the common reasons tenants choose not to renew their leases.

Tenant 246

Tenant Property Manager Property Management Lease 246

American Apartment Owners Association

FEBRUARY 6, 2025

Small homes = big profits Leasing tiny homes is one of the latest trends in the rental business. All of your policies need to be incorporated into your lease. They have proven to be a good venture, especially for first-time investors. What are the minimum and maximum stays you will allow and how will you accept reservations?

Landlord 255

Landlord Airbnb Rent Tenant 255

Yardi Breeze

NOVEMBER 1, 2024

Membership details BOMA’s membership base consists of more than 30,000 commercial real estate professionals, including building owners, managers, developers, leasing professionals, asset managers and more. Check out the BOMA calendar of events. Visit the IREM events page.

Property Manager 246

Property Manager Property Management Management Education 246

Bay Property Management Group

MARCH 24, 2025

There are several business models investors can explore, including owner-operator, lease arbitrage, and management models. Unlike regular rentals, coliving usually comes with short-term lease options. Thanks to that, coliving properties give investors the opportunity to squeeze out as many leases as possible from one, single property.

Real Estate 130

Real Estate Lease Fixed Fee Tenant 130

Esquire Property Management Group

FEBRUARY 10, 2025

Sublease Market 2025: Increased Competition and Pressure on Rental Rates The increase in sublease availability presents additional opportunities for prospective tenants, thereby heightening competition among property owners, landlords and property managers managing leasing.

Commercial Property 64

Commercial Property Lease Property Government 64

Buildium

MARCH 3, 2025

Coordinating the move, getting the keys, signing the lease, and making sure the unit is in good shape before move-in are all high priorities. Explaining the terms of the lease agreement: This should include the rent amount, the security deposit, the due dates for rent payments, and the late fees.

Property Manager 130

Property Manager Property Management Management Property 130

Bay Property Management Group

FEBRUARY 6, 2025

Thats why landlords often ask for pet depositsto protect their property in the event Fido goes a little too far. Once the dust settles and your lease has finished, are pet deposits refundable? You Meet All Lease Terms If your landlord has found you followed the lease agreement (e.g., But are pet deposits refundable?

Landlord 130

Landlord Lease Agreement Lease Tenant 130

Real Property Management Evertrust

NOVEMBER 7, 2024

Lease Documents Most single-family rental property owners require their tenants to handle snow removal. To do this, you need to have clear language in your lease that specifies your tenant’s responsibilities related to that task. On the other hand, if you plan to provide snow removal, include it in the lease as well.

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Tenant Landlord Property Manager Property Management 228

Beach Front Property Management

MARCH 26, 2025

Legal Issues Lease violations, lawsuits, and regulatory compliance challenges can pose serious risks for property managers. Proactive financial planning ensures resilience and long-term success in managing unforeseen events. Financial Crises Unpaid rent, economic downturns, and property devaluation can impact profitability.

Property Manager 147

Property Manager Property Management Management Property 147

Muldoon Associates

APRIL 3, 2025

The neighborhood of your rental property has a huge impact on who wants to rent that home, how much theyre willing to pay, and whether theyll stay in place and renew their lease agreement year after year. You dont have to be a real estate investment expert to understand the importance of location.

Rental Property 83

Rental Property Property Education Real Estate 83

BetterWho

SEPTEMBER 21, 2024

Build Community: Organize events to foster a sense of community. Automated systems: You can automate reminders for rent payments, lease renewals, and maintenance schedules. Proactive Engagement: Use alerts for key events like lease renewals and late payments to stay proactive and maintain good relationships with tenants.

Property Manager 233

Property Manager Property Management Tenant Management 233

Buildium

FEBRUARY 4, 2025

Do they prefer you to text or call in the event of an emergency? While taking the leap to invest in a property management software platform might seem intimidating at first, it can ultimately lead to less stress and a lighter workload. Then, reach out to each owner in your portfolio individually to hear their opinions.

Property Manager 165

Property Manager Property Management Management Property 165

Buildium

JANUARY 13, 2025

There are three types of dwelling fire insurance: DP-1 coverage is the most restricted type of coverage, with the narrowest list of covered events, called named perils. Pro Tip: Requiring tenants to carry renters insurance as a condition of the lease is an important part of protecting your owners and their properties.

Insurance 246

Insurance Property Manager Property Management Landlord 246

Buildium

MARCH 19, 2025

This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Rental income includes all the payments you receive from tenants. Knowing what constitutes rental income is the first step in effective tax accounting for your rental property.

Rental Property Management 130

Rental Property Management Property Manager Rental Property Property Management 130

Rental Housing Journal

JANUARY 28, 2025

These policies should be prominently shared during leasing and in your pet agreement, and reinforced through signage, digital platforms, or community announcements. Pet-friendly events: Host puppy playdates, costume contests, or “meet the pets” socials to strengthen bonds among residents.

Compliance 122

Compliance Lease Agreement Utilities Apartment 122

MRI Software

SEPTEMBER 5, 2024

Lease management software is used by real estate teams to oversee the management of their lease portfolios, from keeping on top of administration and accounting to making strategic decisions about contract renewals. Why do you need lease management software? Lease management is a high-risk area for businesses.

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Lease Management Compliance Rent 59

MRI Software

JANUARY 29, 2024

Come together with your residents to celebrate every season in style with the perfect event that reminds your renters why they chose your community as their home. What is the purpose of resident events for apartments? In short, well-executed resident events can drive positive reviews, renewals, and references!

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Lease Apartment Media IT 52

Buildium

JANUARY 22, 2025

Both offer a wide range of features, including tenant and lease tracking, accounting and financial management, maintenance management, and online payment processing. With email marketing tools, property managers can send regular updates about available properties, promote special offers, and keep tenants informed about community events.

Property Manager 130

Property Manager Property Management Management Media 130

Yardi Breeze

JANUARY 29, 2025

I started on the trade events team, managing relationships with associations and championing their efforts, as well as supporting the Yardi teams that attend those trade events. Breeze clients benefit from the same things that bigger companies do, such as online portals, chatbots and automation tools for marketing and leasing.

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Property Management Software Property Manager Property Management Management 130

Bay Property Management Group

DECEMBER 12, 2024

You can get a better idea of what their character is like, as well as how well they maintained the property, followed its lease terms, paid the rent, and other key questions to ask references. 2 – Offer Lease Incentives and Other Attractive Features Finding a trustworthy tenant is a game changer in the rental industry.

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Tenant Applications Applicants Property Manager 130

Propertyware

DECEMBER 21, 2021

That’s why—in case you weren’t able to join us in person—we’ve put together some of the biggest takeaways from the event: Today’s Challenges and Opportunities Mike Mauseth, Senior Vice President of RealPage presents the findings from the 2022 Property Management Industry Report on Day 1 of PM Nation. Residents have similar priorities.

Property Manager 52

Property Manager Property Management Lease Management 52

Buildium

MARCH 19, 2025

Community Engagement Participating in local events or networking with nearby businesses can help spread the word about your rental property. Always be transparent about leasing terms and follow fair housing laws. Connect with local schools or organizations that may have employees or students looking for nearby housing.

Rental Property 130

Rental Property Landlord Property Media 130

American Apartment Owners Association

DECEMBER 9, 2024

Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment. When making leasing decisions, it’s essential to prioritize tenant screening as 80% of landlords believe it to be the most critical factor.

Real Estate 246

Real Estate Compliance Maintenance Tenant 246

Buildium

JANUARY 22, 2025

Email Newsletters Email newsletters are a great way to keep your audience informed about new properties, upcoming events, and special offers. Through email campaigns, property managers can communicate important information, such as lease renewals and maintenance updates, as well as promotional content.

Property Manager 130

Property Manager Property Management Management Media 130

AirKeeper

FEBRUARY 26, 2025

Compared to traditional long-term leasing, holiday rentals offer higher earning potential, greater flexibility, and the ability to capitalise on peak seasons and special events. For example, a property in a popular tourist destination can see nightly rates that far exceed the equivalent daily rate of a long-term lease.

Property Management Services 130

Property Management Services Professional Property Management Regulation Compliance 130

American Apartment Owners Association

DECEMBER 12, 2024

These services provide a positive experience for new residents upon move-in and a VIP lifestyle that encourages lease renewals. Need a Lease Agreement? Access 150+ state-specific legal landlord forms, including a lease. Private chefs can also be utilized in amenity spaces for events like birthdays and bridal showers.

Property Manager 130

Property Manager Property Management Lease Rental Income 130

Real Property Management Evertrust

FEBRUARY 13, 2025

On the other hand, along with the challenges of frequent turnover present opportunities to optimize leasing strategies, from marketing to screening and beyond, and to uncovering novel methods to maintain solid cash flows. Another technique to consider is to offer flexible lease terms and incentives for renewals.

Property Manager 147

Property Manager Property Management Management Property 147

Real Property Management Chicago

JUNE 18, 2021

This includes not paying rent, violating the lease, or even canceling the lease. Example 1: The tenant refuses to leave after the lease ends. If a tenant refuses to move out even after the lease has expired, this is the time when you might want to use an unlawful detainer to evict the tenant.

Tenant 130

Tenant Lease Rental Property Property Manager 130

MRI Software

FEBRUARY 5, 2025

Enhanced Resident Communication and Support AI powers Chatbots and virtual assistants which have become indispensable for property staff, websites, and leasing offices. This is particularly effective for leasing strategies and marketing campaigns. AI-Driven Resident Retention Multifamily faces an age-old plight: resident retention.

Property Manager 52

Property Manager Property Management Management Property 52

Real Property Management Chicago

JULY 26, 2024

Why it’s essential to encourage tenants to have insurance One of the best measures you can take for your and your tenant’s well-being is to require them to obtain and maintain renter’s insurance while leasing your rental home. Want more information on how to encourage tenants to obtain renter’s insurance policies?

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Insurance Tenant Lease Property Manager 130

Bay Property Management Group

MAY 1, 2025

Because of that, many buildings and neighborhoods are considered historically significant, like very old buildings (some from the 1800s or earlier), a rchitecturally unique structures, and h omes tied to major historical events or people. For example, you can’t freely change the exterior. So, those are also huge pluses.

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Contractors Property Manager Property Management Regulation 130

MRI Software

FEBRUARY 4, 2025

By applying these multifamily leasing tips, you can stand out in a competitive market and make your property more appealing to prospective renters. This guide will provide practical multifamily leasing tips on effective strategies, leveraging technology, and creating a welcoming tenant experience.

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Lease Tenant Property Management Software Property Manager 52

Buildium

JANUARY 22, 2025

Attend industry events, join local business associations, and participate in online forums and groups. Networking and Partnerships Building relationships with other professionals and businesses in your industry can help you expand your reach and attract new clients. You can give the platform a try with a free, 14-day trial.

Property Manager 130

Property Manager Property Management Management Media 130

MRI Software

FEBRUARY 1, 2025

The lease-up phase is one of the most important periods for a multifamily property. By combining proactive management with targeted strategies, you can streamline your lease-up process and attract quality tenants. By implementing a strategic plan, you can efficiently transition your property from pre-leasing to long-term stability.

Lease 52

Lease Applications Applicants Tenant 52

American Apartment Owners Association

AUGUST 30, 2024

Tasks like tour scheduling, applicant vetting, lease renewals, rent collection, and maintenance requests are prime candidates for automation. Smart Leasing: Platforms like Apartment List and its GenAI sales assistant Lea Pro can revolutionize the leasing process byautomating lead management, scheduling tours, and collecting applications.

Lease 162

Lease Property Manager Property Management Maintenance 162

Real Property Management Chicago

APRIL 21, 2015

Then specify in the lease that tenants are required to use a locksmith, at their own expense, in the event of a lockout that they can’t solve using these resources. In the lease, outline proper procedures for trash removal, and specify who is responsible for what in the event that an exterminator becomes necessary.

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Maintenance Landlord Tenant Property Manager 130