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How to Minimize Vacancy Rates in Your Rental Properties

Young Management

A vacant rental unit not only generates no income but also adds to ongoing costs like maintenance, utilities, and advertising. Keeping your rental property occupied with reliable tenants is crucial for maximizing your return on investment and minimizing the time between leases. Strategies to Keep Vacancy Rates Low 1.

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What Does a Leasing Agent Do? Basics You Need to Know

Bay Property Management Group

Marketing and Advertising the Property Leasing agents know how to get your rental in front of the right audience. For instance, they use online listings, social media, and even traditional signage to grab attention fast—and keep inquiries coming in. They use a bevy of methods in their arsenal.

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Digital marketing for property management: Choosing strategies that work

Buildium

The Importance of Digital Marketing in Property Management When property owners and renters begin their search for management or a rental unit, they usually start online. Creating Engaging Content The key to successful social media marketing is creating content that resonates with your audience.

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California Preparing for Move-In, Move-Out Documentation Law

Rental Housing Journal

California is preparing for new move-in, move-out documentation law that requires landlords take photos of rental units before and after a tenant moves in. The new documentation law requires landlords to take photos of rental units before and after a tenant moves in. percent, well below the industry average of 50 percent.

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How to Become a Tiny House Landlord

American Apartment Owners Association

Because of their size, tiny homes are simple to maintain andare less expensive than larger ones in terms of taxes and building, heating, maintenance and repair costs.Renters, property owners and managers have fewer maintenance and repairs to deal with since there is less area to look after.In Your best bet is social media.

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Condo vs Duplex: Which Should You Choose for Investing?

Bay Property Management Group

Duplex Benefits: Condos tend to be affordable and lower maintenance, with shared amenities managed by an HOA. On the other hand, duplexes typically offer better rental income potential and full ownership of the property. Meanwhile, you handle the inside of your unit. This means you can have a lower maintenance workload.

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What Is Vacancy Loss & How to Calculate It

Bay Property Management Group

Vacancy loss is themoney a landlord loses when rental units remain unoccupied. While its often seen in a negative light, experienced property managers in Baltimore view it as more than just lost incomeit also represents potential earnings you could gain once the units are occupied. That makes it even harder to attract renters.

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