Remove Maintenance Remove Property Management Services Remove Rent
article thumbnail

Can a Landlord Break a Rent-to-own Contract?

Bay Property Management Group

One of the benefits of this option is that you can rent while saving to buy the same apartment. Its a unique combination of renting and owning the property. And can a landlord break a rent-to-own contract? This guide will explain everything you need to know about rent-to-own properties.

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. Lease renewals are a typical part of rental property management.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Crisis Management in Property Management: Strategies for Success

Beach Front Property Management

Effective crisis management is essential in property management to handle unexpected challenges like natural disasters, maintenance emergencies, resident disputes, and financial setbacks. A solid strategy prevents property damage, financial loss, and resident dissatisfaction.

article thumbnail

3 Reasons Why Some Homeowners Avoid Property Management (and How to Win Their Business)

Fourandhalf

When you know why homeowners resist property management services, you can tailor your messaging, address objections head-on, and ultimately build more trust. In this post, we’ll break down three common reasons homeowners don’t hire property managers and how you can help change their mindset.

article thumbnail

How to stand out to property owners with better financial reporting and benchmarking services

Buildium

Property owners expect property managers to do more than just collect rent and handle maintenance. They want to know how their rental properties are really performing—with data to back it up. Financial reporting services involve tracking, organizing, and presenting financial performance data to your clients.

article thumbnail

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. Then assign milestones and deadlines to each phase.

article thumbnail

What are the Seven Most Important Qualities that Property Owners look for when it comes to Hiring a Property Managers?

Esquire Property Management Group

This includes: Providing owners with regular updates, which include keeping them informed about the status of the property, financial performance, and tenant difficulties. Being open and honest about maintenance difficulties, tenant complaints, and financial concerns is an essential component of transparency.