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Is It Time for Property Management Software? Here’s How to Tell

American Apartment Owners Association

Managing properties whether its a few rental units or a growing portfolio takes a lot of time, organization and resources. Automated maintenance requests keep vendors and tenants organized. Rebate programs on maintenance and upgrades. So, how do you know when its time to make the switch?

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How To Calculate A Vacancy Rate? A Guide for Landlords

Bay Property Management Group

Keep reading to get the insights you need to maximize your rental income. Common Landlord Mistakes Can Increase Vacancy Rates – Setting rent too high, neglecting marketing, and ignoring maintenance requests can all contribute to longer vacancy periods. Direct Impact on Revenue As we mentioned, your rentals are your business.

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8 practical use cases for AI in property management that you can try today

Buildium

For example, property managers can now use natural-language processing chatbots to resolve common tenant issues, machine learning algorithms to predict maintenance issues, and computer vision to offer virtual tours to rental applicants. Predictive Maintenance All properties suffer wear and tear over time, making repairs inevitable.

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The Ultimate Move-In Checklist for Property Managers

Buildium

Moving into a new rental property can be an exciting experience for tenants, but it can also be stressful. Coordinating the move, getting the keys, signing the lease, and making sure the unit is in good shape before move-in are all high priorities. Why Is a Move-In Checklist Important? For a move-in checklist template, click here.

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What Is KPI in Property Management?

BetterWho

KPIs Give You: Clarity on performance across departments (leasing, maintenance, accounting, etc.) Occupancy Rate This tells you how many of your rental units are currently leased. Days on Market How long it takes to fill a vacant unit. Maintenance Resolution Time How quickly is your team resolving maintenance requests?

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How to find the best rental property accounting software for landlords

Buildium

Whether you own a single rental unit or a large portfolio of properties, accounting software can help you manage your finances more effectively, reducing the stress associated with manual record-keeping. There are a variety of software solutions available, each offering different features suited for landlords with varying needs.

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How to Become a Tiny House Landlord

American Apartment Owners Association

AvalonBay has added about 50 ADUs into some of its California communities.The average 425-square-foot studios and junior one-bedroom units generate rent between $4 and $8 per square foot. On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants.

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