Remove Lease Agreement Remove Management Remove Single-Family Home
article thumbnail

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

Buildium

Property managers are under pressure to do more with lessfrom labor shortages to rising costs. What Is AI in Property Management? In property management, these abilities are used to optimize workflows that would otherwise take longer. If you automate too much, you could end up losing business.

article thumbnail

How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

For single-family homes, the amount of a security deposit is typically matched by one or two months’ rent. Additionally, many leases will include a clause stating that if you break your lease agreement, you will forfeit your deposit. For apartments, it could be about the same or even lower.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Does SFH Mean in Real Estate?

Bay Property Management Group

In fact, property management companies in Northern Virginia often assist the owners in handling everything—from finding great tenants to keeping up with repairs and maintenance. SFH stands for a single-family home. It’s a detached house built for one family, with no shared walls or spaces. And that’s not all.

article thumbnail

California’s New Real Estate Laws for 2025: What Investors Need to Know

Beach Front Property Management

Lower security deposit limits create a more accessible rental market, encouraging resident stability while requiring property owners to manage financial risks effectively. SB 326 (HOA Exemptions & Separate Condo Rules) Condominiums managed by HOAs follow a different inspection process but must comply with SB 326.

article thumbnail

Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

The case highlights the power (and potential risk) of enforcing daily late fee provisions in lease agreements. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month. The district court ruled that Foster owed $5,700 in unpaid rent and $21,240 in late fees.

article thumbnail

Are Utilities Included in the Rent, Explained

Bay Property Management Group

As property managers in Philadelphia , we know it’s critical for making sure you’re fully informed about which utilities are included in your rental. Ask For Clarity If your lease doesn’t seem clear-cut or you have any questions, don’t hesitate to ask your landlord or property manager directly.

article thumbnail

Differences Between Commercial Property Management vs Residential Property Management

Property Management Inc.

Property management feels like that. Whether you're managing a bustling office building or a cozy duplex, the details matter. But here's the real kicker—not all property management is created equal. This core distinction shapes how leases are negotiated, tenants are managed, and properties are maintained.