Remove Maintenance Remove Regulation Remove Utilities
article thumbnail

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. So, be careful.

article thumbnail

Understanding Apartment Terrace Rules & Regulations for Residents and RWAs

ADDA

Locking them can endanger lives and violate fire safety regulations. In the event of an emergency or for building maintenance, the resident is still required to grant access. Maintenance Planning: Budgets for society should account for routine upkeep and repairs. In the event of an emergency, they must keep terrace exits open.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Are energy management systems right for all property managers?

Yardi Breeze

That means they’re doing monthly utility calculations, inputting utility invoices into custom spreadsheets and manually generating charges for tenants. Energy management systems automate these processes and provide better transparency into utility usage and expenses. High demand for automation Late fees can be significant.

article thumbnail

What Utilities Are Included in Rent: A Guide for Tenants

Bay Property Management Group

When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. But sometimes, utility costs can pile up fast and throw off your entire budget. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly?

article thumbnail

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

Buildium

For example, property managers can now use natural-language processing chatbots to resolve common tenant issues, machine learning algorithms to predict maintenance issues, and computer vision to offer virtual tours to rental applicants. Predictive Maintenance All properties suffer wear and tear over time, making repairs inevitable.

article thumbnail

AI in Property Management: What’s Hype vs. What Actually Works?

BetterWho

By utilizing AI chatbots, it engages with potential tenants, answers inquiries, and schedules viewings, thereby streamlining the leasing process and enhancing prospective tenant engagement. Hoozzee Hoozzee automates property management workflows, including maintenance requests and financial reporting.

article thumbnail

Best practices for expanding your property management portfolio into new markets

Buildium

This limits your exposure to region-specific challenges, such as real estate regulations and natural disasters. Assessing Local Regulations and Policies Rental regulations and policies can significantly impact profitability. Or if you prefer senior housing, explore markets with older populations. Here are some ways to do that.