Remove Insurance Remove Property Maintenance Remove Regulation
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Effective asset management property maintenance: Strategies for property managers

Buildium

Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility property managers face. Youll also know who you can count on in an emergency.

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Everything you need to know about apartment management in 2025

Buildium

Routine maintenance extends asset life, protects revenue, and builds tenant trust. Create a detailed monthly budget covering maintenance, staffing, utilities, marketing, taxes, insurance, and office operations. Define responsibilities for office managers, leasing agents, maintenance staff, and cleaning crews.

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Airbnb vs. Renting: Which Option Is Better?

Hospitable

Upfront and Ongoing Expenses With traditional renting, you’ll only need to invest once in the look and other facilities of your rental property. Then your tenant will have a responsibility to look after your property till the end of your agreement. Landlords are only responsible for emergencies and standard property maintenance.

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Lessor vs. Lessee: How Are They Different?

Bay Property Management Group

Let’s break them down in a table: Aspect Lessor Lessee Ownership The lessor owns the property and has the right to lease it. The lessee doesnt own the property; they just rent it. Financial Obligations The lessor may have to juggle ongoing expenses, such as mortgage payments, taxes, and insurance. utilities).

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Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Commercial Property Management Commercial property management focuses on properties intended for business use, including office buildings, retail establishments, and industrial sites. These properties generate income, accommodate businesses, and support trade. Residential tenants typically pay a fixed monthly amount.

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100+ Questions Every LA Multifamily Investor Should Ask

InveServe

considering California regulations? What are all the recurring operating expenses (property taxes Proposition 13 considerations, insurance earthquake coverage is essential, utilities, maintenance, management fees)? How do LA’s specific regulations impact expense projections (e.g., tenant relocation costs)?

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California Increases Dollar Limit for Home Repairs Without Licensed Contractors

Authority Property Management

The legislation also provides much-needed clarity around advertising regulations, allowing unlicensed contractors to promote their services for eligible projects. Cost Savings on Small Repairs Property maintenance often involves small jobs that fall in a gray area between DIY fixes and work requiring a licensed contractor.