Real Property Management Chicago

JUNE 6, 2025

Lease renewals and rent adjustments are one of the most challenging aspects of property management. As a result, it’s crucial to understand how to handle lease renewals and rent adjustments reasonably to make long-term profitability. It is recommended to reward responsible renters with reasonable rent increases and incentives.

Lease

Buildium

JUNE 26, 2025

They’re designed to ease the financial burden on renters while still offering protection for property managers in case of damage or missed rent. Decreased vacancies for landlords: Offering flexible options can open the door to more qualified applicants, especially those who might be held back by a large upfront deposit.

Tenant

Bay Property Management Group

FEBRUARY 12, 2025

More importantly, what factors influence it, and how can you avoid common mistakes that many landlords make? Keep reading to get the insights you need to maximize your rental income. Monitoring this metric helps landlords assess their propertys competitiveness and make strategic adjustments.

Landlord

Bay Property Management Group

MAY 15, 2025

Imagine living in (or renting out) an apartment where rent doesnt jump hundreds of dollars each year. Thats the idea behind a rent-stabilized apartment housing with built-in protections to keep rent increases reasonable and tenants in place. How Does Rent Stabilization Work? So, What Does That Really Mean?

Apartment

Bay Property Management Group

JANUARY 30, 2025

In many cases, you still have options to fix the situation and avoid eviction, depending on your landlords policies and local laws. Whether its paying overdue rent, negotiating with your landlord, or exploring legal protections, taking the right steps can make all the difference. The key is acting fast and knowing your rights.

Rent

Bay Property Management Group

JULY 16, 2025

But the actual ownership stays with the landlord. During this time, they can renovate the units, raise rents, and manage tenants as if it’s their own property. They’re in charge of virtually everything—from repairs to collecting rent. This often gives them room to raise rents and boost the property’s overall performance.

Real Estate

Rental Housing Journal

MAY 19, 2025

Renting by the room: David Pickron shares his experience and some of the hard-fought wisdom he came away with trying to maximize rental income. After meeting with the experts, recording podcast episodes about it, and talking it over for months, I dipped my toe into the rent-by-the-room market.

Rent

Rental Housing Journal

JUNE 23, 2025

In the 10 worst states to be a landlord, it can be tough between taxes, tenants who don’t live up to their lease agreements, maintenance woes, and the cost of maintaining a property. TurboTenant , a property-management software company, compiled the 10 worst states in which to be a landlord based on those factors and more.

Landlord

Property Management Inc.

JULY 14, 2025

Late rent payments can feel like a curveball. Still, tenants missing rent payments somehow becomes a part of the game. This blog provides you with valuable insights on how to handle late payments while maintaining strong tenant relationships and protecting your rental property income.

Rent

Bay Property Management Group

FEBRUARY 26, 2025

Thats why many landlords balance hands-on work with outsourcing to maximize tax benefits. Even though you cant claim a tax deduction from your hands-on work, it increases your propertys appeal and market value, which can attract better tenants and higher rent in the long run. That said, your efforts arent wasted.

Rental Property

Hospitable

JULY 4, 2025

Airbnb vs. Renting: Which Option Is Better? By The Hospitable Team Beginner's Guides , OTAs , Starting an STR Business Investing in rental properties is a popular strategy for generating extra cash. In this article, we’ll compare Airbnb vs. renting to help you discover the pros and cons of each rental strategy.

Airbnb

Authority Property Management

MARCH 28, 2025

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

Rent

Bay Property Management Group

JUNE 30, 2025

What Is a Turnkey Property A turnkey property is fully renovated and ready to rent out or sell. Almost any type of real estate can be a turnkey investment, as long as it’s fully renovated, move-in ready, and often already generating rental income. You can get rent from multiple tenants.

Real Estate

MRI Software

FEBRUARY 11, 2025

They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. What is the purpose of lease audits?

Lease

Bay Property Management Group

MARCH 14, 2025

Then, if you pass these extra costs onto tenants, the rent may have to go up even more. To get more specific, just how does inflation impact rental property investments? The Impact of Inflation on Rental Property Investment Projects Inflation on rental property investments can come with both positives and negatives.

Rental Property

Bay Property Management Group

APRIL 4, 2025

For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Ground leases let tenants develop land without owning it, offering benefits like lower upfront costs but posing risks such as rising rent and loss of improvements.

Lease

Buildium

JUNE 17, 2025

For example, you could go after independent landlords who may be tired of self-managing their properties. You can identify these potential clients through local networking events, online landlord forums, or by analyzing rental listings to find self-managed properties. After all, market rents tend to rise over time.

Property Manager

MRI Software

MARCH 5, 2025

Renting out property can be a great way to generate income, but it also comes with potential financial risks. Landlords may face various liability risks, from tenant injuries to property damage claims. Without the right protection, landlords could encounter costly lawsuits and unexpected expenses that threaten their investment.

Insurance

Real Property Management Choice

APRIL 3, 2025

If you have such a property for rent, youre in a pretty strong position. Youre likely to find a good tenant quickly, and if youre willing and able to provide an exceptional rental experience, youre likely to retain that resident. What should you be charging for rent? What are they renting for? Its not always easy to know.

Rent

Bay Property Management Group

JULY 22, 2025

A fourplex is an ideal investment if you’re looking for a better flow of income. Since you have four separate units, you can collect rent from multiple tenants all under one roof. Even if one unit sits vacant for a while, the others can still generate income to keep things moving. On a rainy day, that can be a lifesaver.

Single-Family Home

Property Management Inc.

MARCH 13, 2025

This guide will equip you with proven techniques and insights for keeping your properties occupied, maintaining a steady rental income, and building a thriving rental business. High vacancy rates chip away at your potential for consistent rental income, turning what could be a profitable endeavor into a stressful trial.

Landlord

Authority Property Management

MARCH 14, 2025

Maximizing Financial Gains: Why Renting Out Your Home Could Be a Smart Move If you're considering moving to a new home but aren't ready to part with your current one, you might be asking yourself: should I turn my primary residence into a rental property? Homeowners should budget for potential gaps in rental income.

Rental Property

Buildium

MAY 15, 2025

List your expected rent income and subtract all expenses, such as your mortgage, taxes, insurance, maintenance, and vacancy periods. Debt Service Coverage Ratio (DSCR) loans focus on the rental income potential, not your personal income. You know properties arent always full, and unexpected repairs happen.

Property Manager

Bay Property Management Group

MARCH 27, 2025

Rental Income Potential in Philadelphia If you’re an investor, Philadelphia’s rental market has promising opportunities to generate rental income. As of 2024, the average monthly rent in Philadelphia is approximately $1,625.

Transportation

Bay Property Management Group

MARCH 3, 2025

Net Operating Income, or NOI, is a key metric in real estate that shows how much profit a property generates. Simply put, its the income a property brings in after covering all operating expensesexcluding taxes, mortgage payments, and depreciation. Income Sources Rent Payments The obvious one is money collected from tenants.

Real Estate

MRI Software

FEBRUARY 12, 2025

Managing rental properties can often feel like a full-time job. From tenant screening and legal compliance to property maintenance, the demands on landlords can quickly pile up and become overwhelming. Residential management services focus on professionally overseeing rental properties to ease the landlords responsibilities.

Landlord

Bay Property Management Group

MARCH 24, 2025

Unlike regular rentals, coliving usually comes with short-term lease options. The monthly rent often covers everything, like utilities, Wi-Fi, cleaning, and access to shared spaces. In turn, the investor rents out individual rooms to generate revenue. Coliving vs. Traditional Renting: Which is Better?

Real Estate

Bay Property Management Group

JUNE 27, 2025

They can affect what and where you can build , influence privacy, and impact rental income or resale value, especially if they restrict property use. Easements might sound like just more real estate jargon, but they can have a real impact on your property, whether you’re buying, selling, or renting it out.

Real Estate

RL Property Management

JANUARY 24, 2025

With the continuous growth of Upper Arlingtons real estate market, managing rental properties has become increasingly complex for landlords. They determine market-aligned rent rates using local data and list properties on popular rental platforms to attract reliable tenants.

Property Manager

Young Management

FEBRUARY 6, 2025

Vacancy rates are one of the most significant concerns for property owners and landlords. A vacant rental unit not only generates no income but also adds to ongoing costs like maintenance, utilities, and advertising. Rent too high, and your property may sit vacant for extended periods.

Rental Property

Bay Property Management Group

MARCH 20, 2025

They offer a simpler way to invest in real estate, promising steady income and long-term growth without the hassle of being a landlord. They let you invest in these income-generating properties without having to deal with tenants or maintenance yourself. Its like owning a piece of real estate without being a landlord.

Real Estate

Real Property Management Choice

MAY 1, 2025

Theres a myth that landlord/tenant relationships are adversarial and fraught with conflict. Wed like to flip that narrative around and say that most landlords and tenants want to work together in a way thats collaborative and productive. This creates a more pleasant rental experience for everyone involved.

Landlord

RL Property Management

FEBRUARY 4, 2025

For self-managing and out-of-state landlords, keeping tabs on a propertys condition is tough. Whats more, properties often sit vacant between or before leases, waiting for repairs or while new landlords figure out their next stepsleading to unexpected costs and longer vacancies. For landlords, last-minute surprises are costly.

Rental Property

Bay Property Management Group

JULY 15, 2025

And as for landlords, this means lower vacancy rates and steady demand. Here are a few things to keep in mind before buying or renting one: 1. Higher Costs Single-family homes typically cost more for investors to buy or rent than condos or apartments. Can You Rent Out an SFH? Thinking about buying or renting an SFH?

Real Estate

Property Management Inc.

MAY 14, 2025

Managing rental properties often feels less like "passive income" and more like starring in an ongoing dramatic sitcom. There's the endless ding of tenant texts, maintenance emergencies at ungodly hours, and the never-ending chase for rent payments. Flat-rate management fees mean no surprises on your invoice.

Property Manager

Authority Property Management

MARCH 7, 2025

In California, landlords can sell a property even if it has an active lease. Decide Whether to Sell with or Without the Tenant Some investors prefer to buy properties with tenants already in place, as it means immediate rental income. Lease terms that restrict rent increases or have strict conditions could deter buyers.

Lease

RL Property Management

JUNE 23, 2025

It’s not just about a month or two of lost rent. Every day your property sits empty, that’s rental income you’re not collecting. It’s the cornerstone of a positive landlord-tenant relationship and a critical tool for tenant retention in Columbus. Administrative Time: Your time is valuable.

Tenant