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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

Renting a new home can be motivating, whether it’s your first rental home or just one of the many. From utilities and security deposits to holding the proper insurance, spending can quickly add up. Let’s check out what you need to learn about the cost of renting, utilities for renters, and more.

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Are Utilities Included in the Rent, Explained

Bay Property Management Group

Rent prices are always changing, and having utilities included might seem like an easy way to keep things simple. But are utilities included in rent? Main Takeaways To know if utilities are included in the rent, your answer is simple: look at your lease (and local laws). Read below to learn more.

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What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. But sometimes, utility costs can pile up fast and throw off your entire budget. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly?

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What is Rent-to-Income Ratio and Why Should Landlords Care?

Bay Property Management Group

The rent-to-income ratio is a simple, yet powerful, tool that helps landlords gauge financial stability before signing a lease. In this article, well help you understand how to calculate the rent-to-income ratio, why it matters to you as a landlord, and what to do if a tenant doesnt meet the threshold.

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How to find the best rental property accounting software for landlords

Buildium

Managing rental properties involves more than just collecting rent and maintaining the property. This can become overwhelming, especially for landlords who own multiple properties or those without a background in accounting. Rental property accounting software offers landlords a practical way to handle these financial tasks.

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Rental leasing software: A game-changer for residential landlords

Buildium

Rental leasing software can transform the way landlords manage their businesses, making tasks easier and faster to complete. This guide explores how rental leasing software helps landlords make every leasing tasks more efficient and enhance tenant experiences. Landlords can review and approve them in real-time.

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Rental property maintenance software for landlords

Buildium

If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. Because maintenance is such an important and constant responsibility for landlords, it pays to have software that can help lighten the load.