Remove Insurance Remove Lease Remove Residential Property
article thumbnail

6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

As a residential property manager, you have a front-row seat to one of the best opportunities for building wealth: owning rental properties. Every day, you help property owners grow their assetsso why not start doing the same for yourself? You know properties arent always full, and unexpected repairs happen.

article thumbnail

Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

But here's the real kicker—not all property management is created equal. The differences between commercial property management and residential property management go deep enough to shape nearly every decision you make as a property owner or manager. Rent collection also varies significantly.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stessa vs Buildium: Which software is best for you in 2025?

Buildium

Renters want quick responses, online payments, and a hassle-free leasing process. To keep up, landlords and property managers are turning to software that helps them automate tasks, stay organized, and grow their businesses. On the surface, both offer tools for managing leases, collecting rent, and tracking income and expenses.

article thumbnail

Are Pet Deposits Refundable? What You Need to Know

Bay Property Management Group

Pet deposits are basically a landlord’s safety net, a form of informal “insurance.” Once the dust settles and your lease has finished, are pet deposits refundable? O ur residential property management in Northern Virginia will break it down for you. At Bay Property Management Group, weve got you covered!

article thumbnail

What Needs To Be Included In a California Landlord Insurance Policy?

InveServe

When you own a California rental property, insurance is more than just a checkboxits a key part of your financial safety net. But landlord insurance policies can be confusing if youre not sure what each section means or how it protects you. What Is Landlord Insurance and Why Is It Different?

article thumbnail

Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

For example, beyond the typical monthly rent payments, advance rent payments, security deposits, tenant-paid expenses, and lease cancelling fees all count as taxable, according to the IRS. For instance, consider factors like repair costs, mortgage interest, property taxes, insurance premiums, and utilities.

article thumbnail

Unoccupied residential property insurance: Essential factors landlords should consider

MRI Software

Thats where unoccupied residential property insurance comes inits designed to protect your investment when your property isnt actively in use. This guide breaks down everything you need to know about unoccupied residential property insurance and how to choose the right policy.