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What Is a Master Lease in Real Estate, Answered

Bay Property Management Group

Generally, they have a lot of freedom to manage, renovate, or add value to the property during that time. If you’re unsure how this might work for you, professional property managers in Philadelphia can help you navigate agreements like these and handle day-to-day operations. Now, what about property taxes?

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Can a Landlord Break a Rent-to-own Contract?

Bay Property Management Group

This guide will explain everything you need to know about rent-to-own properties. Understanding Rent-To-Own Contracts When you enter a rent-to-own agreement, youre essentially signing two deals in one: A regular lease agreement with the plan to buy the property at the end of the lease.

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What Is A Lease Violation and How To Prevent Them

Bay Property Management Group

If you doesn’t pay on time, you’re violating your part of the agreement on the most basic level. Moreover, when you don’t pay on time, you put their landlord at risk of being unable to afford maintenance, pay bills, and handle other key expenses. Needless to say, you want to avoid this outcome if at all possible.

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The 10 Features of a Great Property Management Company

Property Management Inc.

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.

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What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

This includes: Providing owners with regular updates, which include keeping them informed about the status of the property, financial performance, and tenant difficulties. Being open and honest about maintenance difficulties, tenant complaints, and financial concerns is an essential component of transparency.

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Feeling Worn Out? Seven Signs It’s Time to Hire a Property Manager

RL Property Management

Lets walk through the most common signs that DIY property management isnt working anymoreand what you can do about it. You’re Spending Too Much Time on Management Tasks 2. Maintenance Is Eating Up Your Weekends (and Wallet) 4. A professional property manager can take these tasks off your plate completely.

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How Long Does a Landlord Have to Replace a Refrigerator?

Bay Property Management Group

No matter how hard you try, even with regular maintenance, all appliances will eventually reach the end of their lifespan. Some of the biggest things to consider are: Lease Agreement Terms If your appliance has stopped working, your first step is to see your lease. Whose Responsibility is it to Repair Appliances?