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What Is a Service Contract in Real Estate?

Bay Property Management Group

Service contracts streamline property management by ensuring maintenance tasks, repairs, and vendor obligations are handled efficiently, helping landlords avoid unexpected costs and operational headaches. But with a service contract, you agree on a set price for a specific periodlike a monthly rate.

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Multifamily property lease audits: Best practices for landlords

MRI Software

Lease audits play a crucial role in ensuring accuracy and efficiency in multifamily property management. They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. What is the purpose of lease audits?

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business. The W-9 form will give you their filing status and federal tax ID, so you can file your 1099-MISC forms accurately when the time comes. Again, this exemption does not apply to LLCs.

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12 Years of RL Property Management: Lessons, Milestones, & What It Took to Get Here

RL Property Management

At some point, every late night, every maintenance call, and every spreadsheet had to evolve into a system. Today, our in-house maintenance team, detailed inspection checklists, and transparent financial reporting systems arent just bells and whistlestheyre the backbone of our operation. Execution is everything. No hidden costs.

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2023 Fall Maintenance Checklist

California Leasing & Management

As the leaves begin to change and the temperatures cool down in LA and Ventura County, it's time for California Leasing Property Management to help you prepare your rental property for fall. HVAC Maintenance: - Have the heating system professionally serviced to ensure it's in optimal condition for the cooler months in LA and Ventura County.

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Terminating a Management Agreement Explained by a Fort Lauderdale Property Manager

Florida Property Management

If you feel like those services aren’t being provided or you’re not getting the value that you’re paying for, it may be time to re-think your relationship. Or, perhaps you are simply doing something else with your investment property and you won’t need professional services anymore.

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Essential Tips for Renting Your Home in the Fall

California Leasing & Management

At California Leasing Property Management, we recommend a few essential maintenance tasks that can help prepare your rental property for fall and make a great impression on prospective tenants. Replace HVAC Air Filters •One of the simplest yet most impactful maintenance tasks is replacing your HVAC air filters.

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