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.

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Tenant Property Manager Property Management Lease 246

Real Property Management Chicago

APRIL 21, 2015

Common Rental Maintenance Issues for Tenant Occupied Properties As a landlord, there are some problems that you will encounter more often than others. Here’s a quick look at these common rental maintenance issues, and some quick solutions to help you address them before they get worse.

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Maintenance Tenant Landlord Property Manager 130

Buildium

FEBRUARY 4, 2025

Meanwhile, a more absentee investor might want a property manager who can take care of maintenance requests without needing to get them involved. Do they prefer you to text or call in the event of an emergency? Maintenance: Think about what vendors your clients are likely to need and what recommendations you currently offer them.

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Property Management Property Manager Management Property 165

American Apartment Owners Association

DECEMBER 9, 2024

Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Manage maintenance costs proactively. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance. Ensure legal compliance to mitigate risks.

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Real Estate Compliance Maintenance Tenant 246

BetterWho

SEPTEMBER 21, 2024

The cost of finding a new tenant, additional maintenance, marketing the property, etc., Maintenance Matters: Keep up with regular property maintenance and embrace smart technology to monitor systems. Build Community: Organize events to foster a sense of community. Or is maintenance due?

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Property Management Property Manager Tenant Management 233

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.

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Property Manager Property Management Management Education 246

Condo Control

JANUARY 12, 2025

While these amenities arent free (a portion of HOA dues is allocated to amenity repair/maintenance), owners dont have to pay additional money to use them. Table of contents Will owners pay to lease recreational HOA amenities? Booking an amenity vs leasing an amenity: Is there a difference? The short answer is yes.

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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?

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Landlord Lease Agreement Lease Tenant 130

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

Real Property Management Evertrust

NOVEMBER 7, 2024

These conditions can be applicable in various scenarios, particularly if your tenant already handles yard maintenance and other simple activities. Lease Documents Most single-family rental property owners require their tenants to handle snow removal.

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Tenant Landlord Property Manager Property Management 228

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.

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Commercial Property Lease Property Government 64

Buildium

MARCH 3, 2025

Faster Work Order Completions In the past, tenants had to call or email to submit a maintenance request, then follow up separately to check the statusadding extra hassle to their day. Now, maintenance automation has streamlined this process significantly. Not all tenants would follow through, which sometimes led to unresolved issues.

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Property Manager Property Management Tenant Management 137

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.

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Rental Property Management Rental Property Property Management Property Manager 130

Buildium

JANUARY 22, 2025

These platforms bringtogether features for communication, lead generation, listing syndication, and even other parts of the job like accounting and maintenance. Both offer a wide range of features, including tenant and lease tracking, accounting and financial management, maintenance management, and online payment processing.

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Property Manager Property Management Management Media 130

MRI Software

FEBRUARY 5, 2025

Smart Maintenance and Predictive Analytics Maintenance! AI excels in the mundane and maintenance is a prime example. AI is revolutionizing how property managers handle maintenance with predictive analytics. AI holds the pattern recognition abilities to anticipate when appliances or systems need maintenance.

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Property Manager Property Management Management Property 52

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

Buildium

JANUARY 13, 2025

As a property manager, there are plenty of measures you can take to prevent fires at your owners propertiesregular inspection and maintenance of smoke detectors and fire extinguishers, tenant education on fire hazards, updating electrical systems and appliances, to name a few. But what if that worst-case scenario does occur?

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Insurance Property Management Property Manager Landlord 246

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. The good thing is that there are approaches to optimize this maintenance to ensure quick turnarounds.

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Property Management Property Manager Management Property 147

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.

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Compliance Lease Agreement Utilities Apartment 122

Buildium

JANUARY 22, 2025

Here are some sample topics to get you started: Tips for property maintenance and upkeep Guides to finding and screening tenants Industry news and updates Case studies and success stories Search Engine Optimization (SEO) SEO is the practice of optimizing your website and content to rank higher in search engine results pages (SERPs).

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Property Manager Property Management Management Media 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

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.

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Property Management Services Professional Property Management Regulation Compliance 130

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.

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Property Manager Property Management Management Media 130

American Apartment Owners Association

AUGUST 30, 2024

Consider these six strategies to optimize for efficiency: Conduct a Thorough Expense Analysis: This involves reviewing all expense categories, like utilities, maintenance, marketing, and others line by line to pinpoint opportunities for cost savings. Expense management software can streamline this process and help identify trends over time.

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Lease Property Manager Property Management Maintenance 162

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. These services benefit both residents and maintenance teams by keeping dumpster areas and trash rooms clear.

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Property Manager Property Management Lease Rental Income 130

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

Bay Property Management Group

DECEMBER 10, 2024

Focus on Tenant Retention and Added Amenities – Retaining tenants through excellent communication, proactive maintenance, and lease renewal incentives, along with adding desirable amenities like smart home features or on-site laundry, can enhance tenant satisfaction and increase rental income.

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Rental Income Rent Multi-Family Building Landlord 130

Authority Property Management

FEBRUARY 18, 2025

January was an eventful month, and were excited to share the latest updates on the rental market, our growing team, the real estate sales market, and some seasonal insights. Rental Market Update January kept us busy, with 19 properties successfully leased , bringing our current vacancy rate to 6% across our portfolio.

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Real Estate Property Manager Property Management Property Management Services 64

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.

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Property Manager Property Management Lease Management 52

Real Property Management Choice

MAY 1, 2025

It means theres less of a risk that rent will be paid late, property damage will be discovered, or lease violations will be counted up and cataloged. During the leasing process and even the marketing process , be responsive. Ensure your expectations are clearly outlined in the lease agreement. Maintenance reporting policies.

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Landlord Tenant Lease Agreement Lease 52

Beach Front Property Management

OCTOBER 30, 2024

The resident experience includes every interaction with their property manager and the rental property, from signing the lease to moving out. This experience covers everything, such as the quality of services provided, timely maintenance, clear communication, and the overall enjoyment of living on the property.

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Property Insurance Maintenance Property Manager 130

MRI Software

MARCH 5, 2025

Protection against unexpected costs Unexpected events, such as property damage or tenant injuries, can result in significant financial losses. Whether it’s a disagreement over maintenance responsibilities or an injury claim, legal fees can add up quickly. Coverage limits: Higher liability limits lead to higher premiums.

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Insurance Landlord Rental Property Tenant 52

Real Property Management Chicago

DECEMBER 14, 2023

Because families are more likely to move during the summer, they might, for example, offer shorter lease terms during that time. As an alternative, they might extend lease terms in the winter to entice tenants to stay put for the holidays. A flurry of activity occurs during the moving period after this.

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Real Estate Landlord Property Manager Property Management 130

Property Management Inc.

NOVEMBER 26, 2024

When it comes to a landlord's long-term success, there is nothing as important as property maintenance. Here are six essential maintenance practices you can implement for a winning property maintenance strategy. Having the tools and materials to do routine maintenance tasks can make things much smoother.

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Property Maintenance Maintenance Rental Property Property 52

Real Property Management Chicago

OCTOBER 20, 2023

Your lease agreement must specify late fees, but it might be difficult to charge and collect them. This is particularly true considering that, in the event that one were to be required, the eviction procedure could last up to three months. If you’re just starting out, spend some time to schedule annual property maintenance.

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Landlord Property Maintenance Property Manager Property Management 130

Real Property Management Evertrust

SEPTEMBER 19, 2024

Before signing a lease, make sure to ask about the heating system and who is responsible for paying the heating bills. If you have a car, parking and snow removal are things you need to consider before committing to a lease. In Maine, oil is the most common heating source, and it can be costly during the winter.

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Apartment Rent Transportation Lease 130

RL Property Management

FEBRUARY 17, 2025

Every dollar spent reducing turnoverwhether through proactive maintenance, better communication, or professional managementis an investment in protecting your cash flow and profitability. While some turnover is unavoidablelike when life events or financial changes force a movemany reasons residents leave are entirely preventable.

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Professional Property Management Property Manager Property Management Maintenance 89