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

Bay Property Management Group

The general rule of thumb for a rent-to-income ratio is that the rent should make up 30% of a person’s monthly income, at most. In other words, a tenant should earn at least three times the monthly rent to ensure they can comfortably cover other essentials like groceries and utilities without financial strain.

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The Impact of Inflation on Rental Property Investment Projects

Bay Property Management Group

In some cases, you may even see your income grow over time, ensuring your property remains a valuable investment. While your rental income increases to keep up with the rising cost of living, your mortgage payments remain unchanged. Diversification can help you balance risk and create multiple income streams.

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7 Acceptable Reasons for Late Rent Payments Every Landlord Should Know

Property Management Inc.

You've managed your property meticulously, balanced your mortgage payments, and established lease agreements. This blog provides you with valuable insights on how to handle late payments while maintaining strong tenant relationships and protecting your rental property income.

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Multifamily property lease audits: Best practices for landlords

MRI Software

Review lease agreements The first step in any audit is verifying that every lease agreement is accurate and up to date. Check for key details like rent amounts, lease durations, tenant names, and signatures to ensure they align with your rent roll.

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The Ultimate Guide to Sustainable Property Management

Beach Front Property Management

These may include: Energy disclosure requirements Indoor air quality standards Hazardous materials management Green building certifications Modern commercial leasing agreements increasingly include sustainability clauses that align property owners and residents on energy usage, waste reduction, and green initiatives.

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The 10 Features of a Great Property Management Company

Property Management Inc.

Reliable property managers prioritize finding high-quality tenants who respect lease agreements, pay rent on time, and care for your residential property. A clear view of rental income ensures that you're always informed. Flat-rate management fees mean no surprises on your invoice.

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How to Keep Great Tenants in Columbus: Your Retention Playbook

RL Property Management

Every day your property sits empty, that’s rental income you’re not collecting. This includes listing fees on popular rental websites and any other advertising efforts. Showing the property, processing applications, preparing new lease documents, and managing the move-in process all take considerable effort.