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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. Here are some innovative strategies for lease renewals and rent adjustments that are fair and financially effective.

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The Impact of Inflation on Rental Property Investment Projects

Bay Property Management Group

But is inflation a threat to your rental property investment, or can it actually work in your favor? Lets explore how inflation on rental property investment can impact youand most importantly, how you can keep your investments safe and still make a profit, no matter what changes the economy goes through.

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Tax accounting for rental property management: What landlords should know

Buildium

Note: This guide is intended to provide general information on rental property tax accounting. For specific advice on your own property or portfolio, speak with a tax professional that can examine your specific situation in detail. What Counts as Rental Income? Heres a quick breakdown of those definitions.

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8 examples of automated property management systems you can start using today

Buildium

This post explores examples of automated property management systems across the full spectrum of operations. From leasing and maintenance to inspections and bookkeeping, we’ll walk through how these systems are changing the way property managers work. What Is an Automated Property Management System?

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

Bay Property Management Group

Have you ever wondered how to quickly assess whether a tenant can afford your rental property? The rent-to-income ratio is a simple, yet powerful, tool that helps landlords gauge financial stability before signing a lease. As mentioned earlier, the standard benchmark is 30%. This goes for both tenants and landlords.

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Best practices for expanding your property management portfolio into new markets

Buildium

For example, what types of rental properties are you after? Handling Remote Property Management As your portfolio grows, you may be forced to oversee properties remotely. This could involve virtual inspections, remote leasing, and adopting cloud-based tools to streamline workflows. And how many units?

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Resident Screening & Lease Agreements: 4 Mistakes Columbus Landlords Should Avoid

RL Property Management

Managing rental properties in Columbus can be incredibly rewarding, but even small missteps can snowball into expensive problems. Because even small screening and lease agreement mistakes can cost you thousands in lost rent, legal fees, and property damage, not to mention time, stress, and lost sleep. Check it out here.