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What Is a Master Lease in Real Estate, Answered

Bay Property Management Group

Some people sublet their units, others turn them into short-term rentals, and then there’s one you might not have heard of yet—a master lease. So, what exactly is a master lease in real estate? What Is a Master Lease in Real Estate? How Does a Master Lease Work? Who Uses Master Leases in Real Estate?

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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. Before you sign your lease, remember to ask your landlord about any fees you might have to pay.

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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? so much more.

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What Is a Ground Lease? What You Need To Know

Bay Property Management Group

Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Main Takeaways What is a ground lease?

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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. Benefits: Enhances leasing success and tenant engagement, boosting occupancy. it builds solid operational skills and prepares managers for leadership.

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

Buildium

Todays property managers can build entire operations that are fully digital, from lease signings to vendor payments to team coordination. Leasing tasks (screenings, approvals, follow-ups) follow a standardized digital checklist. For years, digital simply meant using spreadsheets instead of ledger books. But things have changed.