Bay Property Management Group

JANUARY 27, 2025

Wondering, “what credit score do you need to rent an apartment?” answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with. answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with.

Rent

Rental Housing Journal

JULY 8, 2025

By Michael Coleman and Faris Babineaux Associates, Haynes Boone As of May 7, 2025, Washington state has a new rent control law under House Bill 1217. Washington is now the third state in the country with a statewide rent cap, joining California and Oregon. It only applies to increases on or after that date.

Rent

Buildium

JUNE 16, 2025

Rent Collection and Financial Automation Collecting rent and managing accounting tasks can be extremely time-consuming. Scheduled Rent Reminders Systems automatically send email or SMS reminders to tenants a few days before rent is due, helping reduce late payments.

Property Management

Buildium

APRIL 23, 2025

Plus, AI can help you catch maintenance issues early to reduce repair costs and optimize utility use to lower energy costs. With AI-powered smart devices, you can track and automatically adjust HVAC, lighting, and other utility usage. Cost Reduction: AI can reduce labor costs by aiding or replacing staff who perform repetitive tasks.

Property Management

Buildium

APRIL 3, 2025

Enable online rent and deposit payments. Beyond just seeing the current rental amount, they want to see utility information and information on any supplemental fees, such as pet fees. Among the factors that influenced their decision, their perception of the value of their current rental weighed against the rent they’re paying.

Lease

Bay Property Management Group

APRIL 30, 2025

Thinking about renting in Northern Virginia? But before you sign that lease, its good to know what youre really getting intofrom the average rent in Northern Virginia to the hidden fees and seasonal trends that affect pricing. or securing a longer lease while staying mindful of fees like parking and utilities.

Rent

Buildium

MARCH 19, 2025

Managing rental properties involves more than just collecting rent and maintaining the property. These tools simplify everything from tracking rent payments to generating tax reports, which ultimately saves time and reduces errors. Rental property accounting software offers landlords a practical way to handle these financial tasks.

Rental Property

Buildium

JUNE 16, 2025

Messages trigger automatically based on key events or dates, such as rent due reminders, maintenance appointment confirmations, package arrival alerts, or lease renewal notices. For example, residents who get rent reminders via text tend to pay on time. Automated rent payment systems simplify this process for managers and residents.

Property Management

Buildium

JUNE 26, 2025

They’re designed to ease the financial burden on renters while still offering protection for property managers in case of damage or missed rent. For example, Obligo doesn’t utilize a claims process like a surety bond. However, unpaid rent may be covered under a security deposit insurance policy.

Tenant

American Apartment Owners Association

JANUARY 27, 2025

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.

Property

Bay Property Management Group

MARCH 25, 2025

Renting to tenants who can reliably pay on time, every time. Main Takeaways The income verification process is a core part of finding qualified tenants who can pay the rent on time. A landlord’s top concern is finding tenants who they can rely on to pay the rent on time, every time. So, how do you make that happen?

Apartment

Real Property Management Enterprises

JULY 17, 2025

Renting a new home is an exhilarating adventure, whether it’s your first rental home or one of the many. From utilities and security deposits to having the proper insurance, spending can accumulate quickly. This article will talk about exciting details about the cost of renting, utilities for renters, and more.

Utilities

Bay Property Management Group

FEBRUARY 11, 2025

Ask about the lease duration, renewal process, rent amount, additional fees, and policies on subletting or early termination. Know Whats Included in Your Rent – Clarify whether utilities like water, electricity, gas, and internet are included in the rent or if they need to be paid separately.

Apartment

Buildium

JUNE 16, 2025

Example: “If rent is more than 5 days overdue, apply a late fee.” Rent Collection and Delinquency Workflows Rent collection is one of the most time-sensitive workflows, which means it stands to gain a lot from automation. Examples: A lease is signed, a payment is late, a tenant submits a request.

Property Management

Buildium

MARCH 19, 2025

Why Rental Leasing Software Is Becoming a Must-Have for Landlords Many landlords start their journey by handling lease agreements, rent payments, and tenant applications manually. Increases Efficiency Landlords often spend hours each week managing paperwork, tracking rent payments, or handling tenant communication.

Lease

Buildium

FEBRUARY 9, 2025

You will receive training in rent and fee collection, marketing techniques , accounting practices , compliance and other legal issues, and all other aspects of property management. 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).

Property Management

Bay Property Management Group

JANUARY 26, 2025

’ Whether you’re renting out one property or several, understanding taxes is crucial for your business’s health. As property management in Baltimore can tell you, renting out a property is a business. Rental income is the money you get by renting out your property. Read below to learn more!

Rental Income

Bay Property Management Group

APRIL 23, 2025

But before you dive in, there are a few things you should knowthings that goes beyond the basic buy low, rent high advice. Additionally, if you live in one unit and rent the other, you can lower your housing costs while building equity, offering flexibility for homeowners and investors alike. Sounds smart, right?

Single-Family Home

Authority Property Management

MARCH 28, 2025

Why Small, Annual Increases Are Best for You and Your Tenants As a landlord or property owner in Redding, CA, when was the last time you raised the rent on your tenants? Many property owners hesitate to increase rent, either because it feels awkward to bring up or because they worry it might push good tenants out the door.

Rent

Buildium

JUNE 16, 2025

From automating maintenance requests to digitizing utility billing, today’s best software tools are reshaping what’s possible for teams of every size. The platform automates everything from online rent payments and late fee enforcement to lease renewals and tenant onboarding.

Property Management

Buildium

JUNE 16, 2025

From collecting rent collection to finding leads, we’ll focus on how readily available tools can help you work smarter and more efficiently. Rent payments, maintenance costs, utility bills, and vendor invoices flow into the system without manual input. This post details the most valuable property management tasks to automate.

Property Management

Bay Property Management Group

JULY 23, 2025

When you’re moving into a new apartment in PA, rent isn’t the only number you should focus on. One of the first questions on most renters’ minds is, “How much is the average utility bill in PA each month?” Read on to see what utility costs you could encounter and how you be able to might lower them as a tenant.

Utilities

Buildium

MAY 29, 2025

Property managers can use software to automate rent collection, track late payments, and even generate detailed financial reports with minimal effort. Blockchain enables smart contracts that automatically execute terms such as rent payments and maintenance responsibilities when agreed conditions are met.

Property Management

Real Property Management Evertrust

MAY 26, 2025

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.

Landlord

InveServe

JULY 9, 2025

But, it’s good to remember that this convenience usually comes with a higher base rent, as the property owner needs to account for the costs they are taking on. Single Net (N) Lease The tenant pays their base rent plus an agreed-upon part of the property taxes. For the tenant, this means predictable budgeting.

Commercial Property

Bay Property Management Group

MARCH 24, 2025

The monthly rent often covers everything, like utilities, Wi-Fi, cleaning, and access to shared spaces. For instance, they handle marketing, tenant management, utilities, and upkeep. In turn, the investor rents out individual rooms to generate revenue. Coliving vs. Traditional Renting: Which is Better?

Real Estate

Buildium

JULY 30, 2025

If commercial real estate rents dip, your residential properties can buoy you up (and vice versa). Before breaking into a new market, research its local landlord-tenant regulations, rent control laws, eviction policies, licensing requirements, and other relevant restrictions.

Property Management

Buildium

MAY 29, 2025

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.

Property Management

Property Management Inc.

JULY 14, 2025

Late rent payments can feel like a curveball. Still, tenants missing rent payments somehow becomes a part of the game. Key Takeaways Offer empathy and consistent communication to handle late rent issues while building tenant trust. Understanding Late Rent Payments Managing late rent payments requires more than frustration.

Rent

Bay Property Management Group

MARCH 14, 2025

Then, if you pass these extra costs onto tenants, the rent may have to go up even more. How Inflation Can Work in Your Favor Higher Rent: When the cost of living rises, rent naturally follows suit. Tenant Affordability & Vacancies: If rent climbs too fast, some tenants might struggle to keep up, leaving you with empty units.

Rental Property

Bay Property Management Group

JUNE 27, 2025

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.

Real Estate

Bay Property Management Group

MAY 16, 2025

Think Through Roommates: They share rent and legal responsibility. Proof of income Most landlords want to see that you can afford the rent. Step 2: How To Check Your Credit Score Before Renting For many first-time renters, the term ‘credit score’ can feel a bit intimidating.

Apartment

Buildium

MARCH 19, 2025

This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. For instance, if a tenant pays you in December for Januarys rent, you report that income in the year you received the payment, which is December.

Rental Property Management

Buildium

JUNE 25, 2025

Stay informed about local rent trends, leasing cycles, and tenant preferences. 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. Address late rent with clear and respectful policies.

Apartment Management

Real Property Management Chicago

JUNE 20, 2025

Another important aspect to consider would be a tiny home’s utility and infrastructure needs. It’s also important to analyze local renter demographics to determine which components of the population are most likely to rent a tiny home.

Home Rental

Real Property Management DC Metro

JUNE 5, 2025

We utilize quality marketing tools and expert solutions to keep your properties occupied and profitable. The post Creating Virtual Walkthroughs That Rent Your Property Faster appeared first on Real Property Management DC Metro. Contact us today or call 202-269-0303.

Rent

Buildium

MARCH 19, 2025

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. Utilize training resources provided by the software provider. Customize settings, input property details, and create user accounts for staff members.

Property Maintenance