article thumbnail

How to Handle Lease Renewals and Rent Increases Fairly and Profitably

Real Property Management Chicago

Lease renewals and rent adjustments are one of the most challenging aspects of property management. Numerous factors could lead to complications, rendering them difficult for both property owners and renters. What’s the Best Way to Handle Lease Renewals?

Lease 130
article thumbnail

Tax accounting for rental property management: What landlords should know

Buildium

Rental income includes all the payments you receive from tenants. This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Knowing what constitutes rental income is the first step in effective tax accounting for your rental property.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Best Property Management Software for 2025

American Apartment Owners Association

Below, we’ll examine why you need property management software , why Innago is the ideal solution, and how it will change and transform the way you manage your rental properties. O pt im ize s Lease Management: Property management software allows digital storage of leases and related documents.

article thumbnail

11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

In the residential leasing world, May through September are known as leasing season—with July and August typically seeing the most volume. To make the most of leasing season, property managers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals.

Lease 264
article thumbnail

How Resident-Centric Policies Will Dominate 2025

Beach Front Property Management

In 2025, several new rental laws and evolving resident expectations will modify how property owners and managers run their operations. Whether you are managing a portfolio of units or a single building, staying ahead means adapting to these shifts in the rental property management landscape.

article thumbnail

Renting to College Students – Lease Agreement Terms & Tips

Bay Property Management Group

As a landlord or owner, what are the considerations when renting to college students, lease agreement addendums and terms to consider, and general ramifications of renting to this group? As premiere Washington DC property managers , we know that managing tenants can be a tricky business.

article thumbnail

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

Real Property Management Evertrust

The property management industry is evolving, mostly propelled by technological advancement. Indeed, AI-based technology is transforming every facet of rental property management. Continue reading to uncover the key technologies revolutionizing rental property management and defining the industry’s future.