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What Happens If Someone Gets Hurt on Your Rental Property?

Bay Property Management Group

In the meantime, your tenant’s renter’s insurance can help cover the costs. Get ready for insurance claims If anyone gets hurt because of something you did or didn’t do with the property, they might file an insurance claim against you. What Happens if Someone Gets Hurt on Your Rental Property?

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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

From utilities and security deposits to holding the proper insurance, spending can quickly add up. Additionally, many leases will include a clause stating that if you break your lease agreement, you will forfeit your deposit. Some landlords require renters’ insurance, while others don’t really care.

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Choosing an apartment management certification: Tips and comparisons

Buildium

Expand Knowledge and Build Skills Certification programs cover topics such as fair housing laws, leasing strategies, maintenance oversight, financial management, and tenant relations. Leasing and Marketing: Master effective marketing, unit showings, applicant screening, and lease negotiations to attract and keep tenants.

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The shift to digital property management and what it means for your business

Buildium

For example: Maintenance requests are assigned and tracked in a shared queue. Leasing tasks (screenings, approvals, follow-ups) follow a standardized digital checklist. Start small: Lease renewals, rent tracking, or maintenance logs. Work From Anywhere Without Losing Control Digital tools untether you from the office.

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. What is landlord liability insurance? Landlord liability insurance is a type of coverage designed to protect property owners from financial losses due to accidents or damages occurring at their rental property.

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Lessor vs. Lessee: How Are They Different?

Bay Property Management Group

They both come from leasing; a lease agreement where one person lets another use their property in exchange for payment. For instance, if a landlord rents out an apartment, they’re a lessor making a rental agreement with a tenant (lessee). Lessor vs. lessee have completely different roles in a lease agreement.

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What Is a Master Lease in Real Estate, Answered

Bay Property Management Group

Essentially, the lessee is running it like their own business during the lease term. Here’s how it usually plays out: The lessee and the property owner sign a lease agreement outlining how long the lessee will lease the property and how much they’ll pay. Ready to Explore a Master Lease Agreement?