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The Importance of Hiring and Working with Licensed Contractors

Bay Property Management Group

Working with licensed contractors is vital if you’re not very skilled in these areas. Today, we’re reviewing when to hire licensed contractors and why working with them is so important. Contents of This Article: Why Do You Need Licensed Contractors? Without a Licensed Professional How Can a Property Management Company Help?

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Short-Term Rental Insurance: A Complete Guide

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” Let’s look at what you really need to know about short-term rental insurance so you do not get left high and dry. Many hosts dont realize that Aircover is not an insurance policy in your name. 5 Critical Things About Short-Term Rental Insurance 5 Critical Things About Short-Term Rental Insurance 1.

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What Is a Mother-In-Law Apartment & Should You Have One?

Bay Property Management Group

While these units can boost home value and provide financial benefits, they come with challenges , including higher utility costs, construction expenses, potential insurance updates, and legal compliance hurdles. Rental Regulations If you plan to rent out ADUs, be aware of your area’s rental laws. In places like Washington D.C.,

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The Importance of an Accurate Rental Application

American Apartment Owners Association

As a careful landlord, you want to know as much as possible about anyone seeking to rent your property in order to avoid renting to the wrong person. A Comprehensive Application to Rent is available on the AAOA web site at no charge to all members. Driver’s License/ID number. Paid rent on time? Date of Birth.

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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.” In Virginia, your security deposit must be a maximum of 2 months’ rent. So, if your monthly rent in Virginia is $1,000, your landlord’s combined security and pet deposits shouldn’t exceed $2,000.

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Meet the Experts: AAOA Rental Housing Conference 2024 Speaker Lineup

American Apartment Owners Association

These professionals bring real-world experience and innovative solutions to the challenges landlords face, from tax-saving strategies to managing emotional support animal (ESA) requests and tackling the insurance crisis. Topics include rent control, eviction protections, and legislative changes that could impact your bottom line.

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PART 1: Why the Vendor Bidding Process Is Broken (and What It’s Costing Property Managers)

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Are they in a database for licensing and insurance? Property management staff is busy collecting rent and going to court and dealing with residents. These might be insurance claims or capital improvements. Insurance costs are going up, for example. Are they in a database for licensing and insurance?