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Renters’ Liability Insurance: What It Is and How It Works

Bay Property Management Group

Main Takeaways Renters’ liability insurance gives you coverage for personal liability and medical expenses if someone gets injured in your rental. While its not legally required, many experienced and tenant-focused property management companies in Philadelphia may require it for their rentals. Let’s get started.

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Top 12 property management KPIs every vacation rental pro should track

Rentals United

RevPAR RevPAR stands for Revenue Per Available Rental and is a core metric used by everyone from vacation rental property managers to global hotel bosses. This will show you how often you had guests in your rentals versus your total availability. To calculate it, divide the total revenue by the number of nights sold.

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

Buildium

Energy Efficiency and Smart Building Technologies Rental ROI is tied to property expenses. The less it costs to operate a rental, the higher the return for the owner (and, by extension, you as the property manager). Optimizing Rental Rates Setting rental rates can be a delicate balancing act.

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Airbnb calendar sync with Vrbo and Booking.com: how to do it, and why it matters

Rentals United

You’ll have no choice but to cancel one of the bookings, which costs you lots of admin time and isn’t a good look for your vacation rental business. Although iCal technology has been around for a while, it isn’t ideal for the short-term rental industry, and specialized vacation rental channel managers are a much more powerful solution.

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The hidden potential of rent roll analysis for property managers

Buildium

Property managers—particularly those looking to grow—can use a rent roll to keep track of money collected from residents, look for potential problems with vacancies or turnover, compare rent and fees to market prices, and look for opportunities to increase revenue from individual units or even entire properties. What Is a Rent Roll?

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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. A professional property management platform like Revela brings everything under one roof, so you can scale easily whether you manage 10 units or 10,000. Here are the clear signs to watch for: 1.

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A Landlord’s Guide to California Pet Laws

Genuine Property Management

While it can be tempting to enforce strict pet policies for your rental unit, you could be doing yourself a disservice in the long […] The post A Landlord’s Guide to California Pet Laws appeared first on Welcome to Genuine Property Management.