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11 benefits of automation in property management

Buildium

The property management industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential property managers can use to improve their operations and enhance residents’ experiences. Leases, renewals, maintenance records, inspection reports, and regulatory forms pile up quickly.

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Best practices for expanding your property management portfolio into new markets

Buildium

Diversifying Income Streams The more properties and property types you manage, the more diversified your income stream. For example, by expanding from residential properties to commercial properties, you can protect yourself from downturns in either submarket.

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Is Rental Income Taxable? What Landlords Should Know

Bay Property Management Group

For example, beyond the typical monthly rent payments, advance rent payments, security deposits, tenant-paid expenses, and lease cancelling fees all count as taxable, according to the IRS. For instance, consider factors like repair costs, mortgage interest, property taxes, insurance premiums, and utilities.

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The Ultimate Guide to Sustainable Property Management

Beach Front Property Management

In todays environmentally conscious world, sustainable property management is more than just a trend; it is a responsibility. From residential properties to commercial real estate, the growing emphasis on sustainability is reshaping how property managers operate, invest, and plan for the future.

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The 10 Features of a Great Property Management Company

Property Management Inc.

Rigorous Tenant Screening to Protect Your Property A key feature of exceptional property management services is their focus on thorough tenant screening. Reliable property managers prioritize finding high-quality tenants who respect lease agreements, pay rent on time, and care for your residential property.

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What’s the best property management maintenance app? 6 of the top options

Buildium

Whether as part of a full-service property management platform (that also covers rent collection, accounting, and lease management) or as a standalone solution, a maintenance app has features that focus specifically on the daily work needed to keep a property running. That specialization matters.

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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. Late rent payments can feel like a curveball.