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How To Calculate A Vacancy Rate? A Guide for Landlords

Bay Property Management Group

Common Landlord Mistakes Can Increase Vacancy Rates – Setting rent too high, neglecting marketing, and ignoring maintenance requests can all contribute to longer vacancy periods. Proactive management, market research, and tenant-focused practices help keep occupancy rates high and rental income steady.

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Is It Time for Property Management Software? Here’s How to Tell

American Apartment Owners Association

Managing properties whether its a few rental units or a growing portfolio takes a lot of time, organization and resources. Automated maintenance requests keep vendors and tenants organized. Rebate programs on maintenance and upgrades. Built-in accounting and reporting cut your financial admin time significantly.

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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.

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The Ultimate Move-In Checklist for Property Managers

Buildium

The tenant can refer to their move-in checklist to document damage to the unit made before they moved in, so they are protected from unnecessary charges. To Provide a Reference for Maintenance: When your staff conducts a move-in inspection, they can use the list to identify repairs that should be made before the new tenant moves in.

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Keeping Up With Rental Property Maintenance

American Apartment Owners Association

Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap. Read on to learn more about how you can ensure your rental property maintenance is handled properly.

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Keeping Up With Rental Property Maintenance

American Apartment Owners Association

Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap. Read on to learn more about how you can ensure your rental property maintenance is handled properly.

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What Is KPI in Property Management?

BetterWho

KPIs Give You: Clarity on performance across departments (leasing, maintenance, accounting, etc.) Occupancy Rate This tells you how many of your rental units are currently leased. Days on Market How long it takes to fill a vacant unit. Maintenance Resolution Time How quickly is your team resolving maintenance requests?