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What Is a Lease Fee, Explained

Bay Property Management Group

In most cases, this fee covers the initial work involved in setting up your lease, including processing your application, preparing the necessary paperwork, and finalizing your lease agreement. Why Do Landlords or Property Managers Charge Lease Fees? You typically cannot waive lease fees.

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Multifamily property lease audits: Best practices for landlords

MRI Software

Breaking the audit into clear, manageable steps ensures that no critical details are missed. Review lease agreements The first step in any audit is verifying that every lease agreement is accurate and up to date. Missing or outdated agreements can also create legal vulnerabilities if a disagreement arises.

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How to Keep Great Tenants in Columbus: Your Retention Playbook

RL Property Management

Showing the property, processing applications, preparing new lease documents, and managing the move-in process all take considerable effort. Utility Bills: When a unit is vacant, you, the owner, are typically responsible for paying utilities like electricity, water, and gas to keep the property showable and maintained.

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Impact of RTO on Commercial Real Estate Trends

Esquire Property Management Group

Many businesses have reassessed their real estate portfolios in response to the increased demand for flexible work arrangements, which has led to downsizing and the adoption of more adaptable leasing agreements.

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The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Evertrust

Tenant portals provide residents to access important documents such as lease agreements, send maintenance requests, and speak directly with management. These benefits provide a major advantage for property managers and, when executed well, build an enjoyable and satisfying experience for residents.

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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

Ensuring that the property is well-maintained and up to code can prevent unexpected expenses down the line. Conducting a detailed review of lease agreements and legal documents is also necessary to uncover any potentiallegal risksthat could impact the investment.

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The Future of Rentals: Technology’s Impact on Property Management

Real Property Management Enterprises

Tenant portals authorize residents to access important documents like lease agreements, send maintenance requests, and talk directly with the administration. These features offer a substantial advantage for property managers and, when handled effectively, create an easy and satisfying experience for residents.