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How to Budget for Utilities and Hidden Rental Costs

Real Property Management Evertrust

From utilities and security deposits to holding the proper insurance, spending can quickly add up. Let’s check out what you need to learn about the cost of renting, utilities for renters, and more. The goal of a security deposit is to protect the landlord from financial problems in the event of property damage or other expenses.

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Rental property maintenance software for landlords

Buildium

If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. Because maintenance is such an important and constant responsibility for landlords, it pays to have software that can help lighten the load.

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Are energy management systems right for all property managers?

Yardi Breeze

Property managers have always grappled with challenges around energy cost recovery and reporting. That means they’re doing monthly utility calculations, inputting utility invoices into custom spreadsheets and manually generating charges for tenants. Many small businesses, however, continue to struggle with manual processes.

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Property maintenance management workflows 101: Setting up a system that meets your maintenance needs

Buildium

Its no secret that rental maintenance requires careful coordination with tenants, vendors, and owners. We sat down with property management and process solutions consultant Kelli Segretto of K Segretto Consulting to tap into her 20+ years of experience within multifamily, single family, and LIHTC property management.

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Top 10 property maintenance metrics every property manager should track

Buildium

Efficient property maintenance doesn’t happen by accident. It’s driven by data—and that starts with tracking the right maintenance metrics. Read on to learn more about why measuring maintenance data matters, the top 10 key metrics to monitor, and software tools to make tracking them easier.

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8 practical use cases for AI in property management that you can try today

Buildium

Property managers are under pressure to do more with lessfrom labor shortages to rising costs. What Is AI in Property Management? In property management, these abilities are used to optimize workflows that would otherwise take longer. If you automate too much, you could end up losing business.

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Are Utilities Included in the Rent, Explained

Bay Property Management Group

Rent prices are always changing, and having utilities included might seem like an easy way to keep things simple. But are utilities included in rent? Main Takeaways To know if utilities are included in the rent, your answer is simple: look at your lease (and local laws). Read below to learn more.