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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.
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.
Its no secret that rental maintenance requires careful coordination with tenants, vendors, and owners. She shared the three most important property maintenance management workflows every property manager should follow and how to implement them. Start by documenting how youre currently handling property maintenance.
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.
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.
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?
In any homeowners association (HOA), maintenance goes beyond mowing lawns or cleaning sidewalksits about creating a community that feels safe, cared for, and well-managed. Thats why buttoned-up HOA maintenance scheduling is important. Each type of maintenance requires a different scheduling approach.
style.display = block; return false; }); }); } window[MktoForms2] ? --> Published on June 12, 2025 TABLE OF CONTENTS What Is a Property Management Maintenance App? Property maintenance is also a central part of what keeps tenants satisfied, costs under control, and your properties as safe and profitable as possible.
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.
But if youre like many property managers, you probably started out by relying on vendors to deliver maintenance services. As your portfolio grows, though, building an in-house maintenance team can put your company at an advantage. You can make sure that tasks are completed to your standards and schedules are adhered to.
From leasing and maintenance to inspections and bookkeeping, we’ll walk through how these systems are changing the way property managers work. Maintenance Automation Systems Maintenance is another area ripe for automation, particularly because it involves multiple parties and rapid coordination.
Previously limited to Breeze Premier, this will let thousands more users utilize digital signatures to simplify and speed up the digital leasing process. Clearer maintenance request ID You can include the maintenance ID number on all maintenance request emails, and the system now displays canceled requests.
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.
From automating maintenance requests to digitizing utility billing, today’s best software tools are reshaping what’s possible for teams of every size. Property Meld: Automating Maintenance Workflows Maintenance management is often the most reactive—and chaotic—part of property operations. Some specialize in maintenance.
This can include property updates, community news, maintenance tips, and even tenant spotlights. The content that you post should also be effective for kickstarting conversations and keeping your audience interested. You can even test the software with a free 14-day trial.
Instead of manually assigning maintenance tasks, your system routes them based on issue type and availability. Maintenance and Vendor Workflows Maintenance coordination can become chaotic without clear processes. A maintenance request for a broken fridge was routed last night to the on-call technician and updated in your system.
These include routine inspections, maintenance checks, vendor coordination, and turnover preparation. Managers and maintenance staff receive timely alerts for tasks such as smoke detector testing, HVAC filter replacement, lawn care, or seasonal pest treatments. For example, residents who get rent reminders via text tend to pay on time.
From rent payments and security deposits to maintenance expenses and property taxes, software organizes this data in a user-friendly format. Expense Categorization: Rental property software often includes features that automatically categorize expenses into different areas, such as repairs, utilities, or management fees.
75% of renters say they would like an online portal for tasks like making payments and submitting maintenance requests. Beyond just seeing the current rental amount, they want to see utility information and information on any supplemental fees, such as pet fees. Younger renters are most interested in a portal.
Where managers once reacted to tenant calls or maintenance emergencies, proptech lets you act proactively, using real-time data and predictive insights. These platforms integrate tenant management, financial tracking, lease administration, and maintenance workflows into a unified system.
Think of it like this: all the tasks still get doneleasing, rent collection, maintenance coordination, owner reportingbut the work happens from laptops, mobile devices, and cloud-based platforms. Lower Overhead No rent, utilities, or office furniture. Here are some of the biggest upsides.
During the AGM, this report helps MC members clearly present all sources of income such as: Maintenance charges Clubhouse rentals Interest earned from FDs—and all expenditures across various heads like salaries, utility payments, minor repairs, or facility maintenance. This report bring out all of these aspects.
Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. Maintenance Requests: Tenants can submit maintenance requests directly through the software , which can then be prioritized and assigned to the appropriate service provider.
Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Youll need to attract and retain quality tenants, establish rent collection processes, conduct regular maintenance and repairs and ensure compliance with local regulations.
These rights are often granted to neighbors, utility companies, or government entities for different purposes. Main Takeaways What is an easement in real estate: Easements give others legal rights to use part of your property —typically for utilities, access, or shared pathways—without transferring ownership.
Running a housing society today involves much more than handling maintenance bills and visitor logs. If it pushes the usage data into ADDA directly, residents can see water charges, maintenance bills, and even prepaid electricity top-ups—all in one place. That part is covered. That’s where the power of ADDA’s integrations shines.
Identify inefficiencies in property operations, such as high utility costs or vacancy rates, and address them promptly. Identify and address risks proactively, whether they come from market fluctuations, tenant churn, or unforeseen property maintenance. Make Data-Backed Decisions. Mitigate Risks. If youre not sure how, reach out to us.
This guide covers what you need to know about leasing, communication, maintenance, budgeting, staffing, compliance, technology, and growth strategies. Use digital tools such as tenant portals, SMS platforms, or messaging apps to keep renters informed about maintenance, building updates, rent changes, or policy shifts.
Property managers grant or revoke access remotely—ideal for new residents, maintenance teams, or emergency personnel. Tool to explore: ButterflyMX Automated Checklist Software Property managers handle many recurring tasks such as regular inspections, maintenance, compliance audits, and overseeing the move-in and move-out processes.
One that ranks high is appliance maintenance and repair. Preventive maintenance remains key. While replacing, consider energy efficiency—newer appliances lower utility bills and improve tenant satisfaction. Keep a maintenance log. Owning rental properties comes with a handful of responsibilities. You can’t control that.
Big rent increases, insufficient communication, ignoring property maintenance issues, and making the renewal method more complicated can all frustrate current residents and prompt them to consider leaving. This market analysis is a key element in rent adjustments and can be utilized to justify any increases.
Establishing solid vendor relationships is vital for cost-effective property maintenance and high-quality work. This is true for everything from system maintenance to landscaping services, cleaning services, emergency repairs, and beyond. Yet, it requires more than hiring the right people to create and maintain vendor relationships.
Here are several well-known methods of conveying messages you can utilize as a landlord or property manager: In-Person Communication: Face-to-face interactions encourage transparent dialogue, enabling prompt inquiries and responses, especially concerning complex lease agreements and rental concerns.
Key questions should focus on maintenance policies, guest parking options, safety measures, and the building’s history to ensure there are no surprises after moving in. How Are Maintenance Requests Handled? Therefore, its important to understand to what extent you could be charged for maintenance.
Thats because the initial investment includes not only franchise fees, but the cost of rent (if you choose to use an office, utilities, and initial hiring costs). On the other hand, one property management franchise company recommends candidates have between $92,000 and $266,000 available to start.
For instance, consider factors like repair costs, mortgage interest, property taxes, insurance premiums, and utilities. So, keep detailed records and receipts of all your repairs and maintenance these documents will prove crucial when you file your taxes. This is the end result thats subject to taxation.
Cons of Buying a Duplex: Managing a duplex comes with added responsibilities, such as handling tenant disputes, increased maintenance costs, and financing complexities that may differ from single-family homes. Higher Maintenance Costs Since you’re managing two units, you have double repairs and upkeep.
Assess the Age of Your HVAC System HVAC systems typically last between 10 to 15 years, depending on maintenance plans and usage. Modern high-efficiency units (SEER 15+) use advanced variable-speed technology and smart compressors to reduce energy waste, dramatically lowering monthly utility costs.
Energy-saving gadgets can also reduce utility costs. If your cabinets look good, you may simply refurbish or repaint them for a fresh feel. Smart Appliances. We all like using cutting-edge tech when it comes to kitchens. Upgrade the Countertops. Boost the overall sophistication level of your kitchen by adding quartz countertops.
Possible Downsides Higher Maintenance Costs: Inflation makes repairs and upkeep more expensive since labor and materials cost more. To stay ahead, consider locking in service contracts at fixed rates or setting aside a maintenance fund for surprise expenses. This financial buffer doesn’t just protect your investment.
Here are some common HOA fund types: Operating Fund : Covers everyday expenses like landscaping, utility bills, routine maintenance, and management fees. Each type of fund serves a different goal and is tracked separately to ensure proper use of association money.
Gross Lease (or Full-Service Lease) Here, a commercial property tenant pays one flat monthly fee, and the property owner covers most, if not all, of the building’s running costs, such as property taxes, insurance, and common area maintenance (CAM) fees. The property owner typically still manages and pays for common area maintenance.
Tiny homes fascinate these renters because of lower maintenance costs, improved energy efficiency, and adaptable places. Another important aspect to consider would be a tiny home’s utility and infrastructure needs. Akin to traditional residences, tiny homes require water, electricity, and waste management services.
Vacant units not only disrupt cash flow but also lead to additional costs, such as ongoing maintenance, utilities, and marketing expenses to attract new tenants. Keeping rental properties occupied is one of the most important challenges landlords face, especially in a competitive market like Orange County.
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