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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

Renting a new home can be motivating, whether it’s your first rental home or just one of the many. From utilities and security deposits to holding the proper insurance, spending can quickly add up. Let’s check out what you need to learn about the cost of renting, utilities for renters, and more.

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What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly? What Utilities Are Typically Included in the Rent? We’ll get into it below.

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Airbnb vs. Renting: Which Option Is Better?

Hospitable

Airbnb vs. Renting: Which Option Is Better? However, one of the main discussion points among real estate investors is the debate about whether to list a property on Airbnb or opt for traditional long-term renting. In this article, we’ll compare Airbnb vs. renting to help you discover the pros and cons of each rental strategy.

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What Is a Master Lease in Real Estate, Answered

Bay Property Management Group

Here’s a real-life example: Imagine a lessee leases a 10-unit apartment building from the owner for 5 years under a master lease. During this time, they can renovate the units, raise rents, and manage tenants as if it’s their own property. They’re in charge of virtually everything—from repairs to collecting rent.

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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). A lessor is one of the most critical real estate terms.

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Average Rent In Northern Virginia: Costs & Fees Explained

Bay Property Management Group

Thinking about renting in Northern Virginia? But before you sign that lease, its good to know what youre really getting intofrom the average rent in Northern Virginia to the hidden fees and seasonal trends that affect pricing. or securing a longer lease while staying mindful of fees like parking and utilities.

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

MRI Software

Renting out property can be a great way to generate income, but it also comes with potential financial risks. This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers. This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers.