American Apartment Owners Association

DECEMBER 16, 2024

The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up. Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. Let’s explore actionable tips to minimize tenant turnover and boost your retention rates.

Tenant 246

Tenant Lease Property Manager Property Management 246

Bay Property Management Group

APRIL 11, 2025

A co-applicant can be: Spouses or Partners: Couples who wish to live together and combine their financial resources to meet rental qualifications. Roommates: Friends or acquaintances who agree to share a rental unit and its associated costs. Family Members: Relatives who decide to cohabitate and support each other financially.

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Applications Applicants Lease Rent 130

Buildium

MAY 29, 2025

If youre managing rental units, commercial spaces, or mixed-use properties, a solid understanding of proptech and how to use digital tools effectively comes with the job description. Technologies such as smart energy management and predictive maintenance lower utility bills and repair costs.

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Property Manager Property Management Management Property 130

Buildium

JANUARY 22, 2025

The Importance of Digital Marketing in Property Management When property owners and renters begin their search for management or a rental unit, they usually start online. ” Utilizing Ads Social media advertising allows you to target specific demographics, such as age, location, and interests.

Property Manager 130

Property Manager Property Management Management Media 130

Young Management

FEBRUARY 6, 2025

A vacant rental unit not only generates no income but also adds to ongoing costs like maintenance, utilities, and advertising. Keeping your rental property occupied with reliable tenants is crucial for maximizing your return on investment and minimizing the time between leases. Strategies to Keep Vacancy Rates Low 1.

Rental Property 52

Rental Property Property Rental Unit Lease 52

Real Property Management Chicago

FEBRUARY 8, 2024

The Quick Science Behind Pet Odors Pet odors are a prevalent issue in rental properties where animals are permitted. Utilize enzymatic cleaners to clean carpets, upholstery, and hard surfaces on a regular basis to eliminate pet odors. Utilizing cleaning products that are safe for both humans and pets is essential.

Rental Property 130

Rental Property Property Rental Unit Property Manager 130

Bay Property Management Group

MARCH 31, 2025

Here’s what they entail: Pros You Get Two Homes in One: A duplex is basically two rental units under one roof. Over time, it might cost more to manage each unit’s separate utilities and appliances than it would for single-family investments. More rent = more income!

Single-Family Home 130

Single-Family Home Finance Rental Income Maintenance 130

Bay Property Management Group

DECEMBER 4, 2024

1 – Become Social Media Savvy 2 – Learn How to Run Ads 3 – Post and Improve Rental Listings 4 – Learn SEO 5 – Utilize Video and Youtube 6 – Setup Google My Business Or Just Hire a Property Management Company! A good rental listing will get you nowhere if no one can find it.

Apartment 147

Apartment Landlord Media Engineering 147

Bay Property Management Group

DECEMBER 1, 2024

While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. Look At Alternative Housing Options If the increase your landlord wants to implement makes your rent unaffordable, it may be time to search for a new rental situation. Now, you have a few options.

Rent 147

Rent Landlord Property Manager Property Management 147

Real Property Management Evertrust

SEPTEMBER 19, 2024

If you are looking for a rental apartment in Portland, Maine, during the winter months, it’s crucial to understand how the season affects apartment hunting, living conditions, and utilities. Expect Higher Utility Bills: Heating Costs in Maine Maine winters can be harsh, with temperatures often dropping below freezing.

Apartment 130

Apartment Rent Transportation Lease 130

Rental Housing Journal

JUNE 11, 2025

Breaking Down the Math: Pet Fees as a Revenue Stream Revenue from Pet Fees To illustrate the financial impact, let’s consider a hypothetical property management company overseeing 10,000 rental units.

Apartment 54

Apartment Rent Insurance Property Manager 54

Bay Property Management Group

DECEMBER 11, 2024

Still, there are a few things you can keep in mind as you deal with these changes: Lease agreements : As a landlord, make sure you clearly outline expectations and responsibilities in the agreement such as maintenance duties, utility bills, pet regulations, and explicit terms for ending a lease.

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Management Regulation Property Manager Property Management 130

Appfolio

JULY 13, 2020

Besides offering a more convenient application situation for future renters, online leasing solutions streamline the rental process from beginning to end. When you utilize technology, you can access online tenant screening, e-applications, and digital signature options that allow residents to sign the lease immediately after viewing. .

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Lease Applications Applicants Property Manager 264

Real Property Management Chicago

JUNE 24, 2022

If you’re not utilizing proptech yet, you’re missing out on a lot of benefits and gains. Keep reading to learn more about how proptech can help you better manage your single-family rental properties. Only time will tell how proptech will continue to shape the future of the rental market.

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Rental Property Electronics Property Property Management Software 130

Rental Choice

MARCH 5, 2024

million) spent over 30% of their income on utilities and rent. Moreover, there has been a dwindling supply of low-cost rental units. Yes, many new apartments may become available according to the 2024 rental market predictions. Moreover, property owners have repaired many existing units to minimize the problem.

Apartment 130

Apartment Rent Rental Unit Property Manager 130

RL Property Management

JUNE 16, 2025

Energy-Efficient LED Lighting Swapping out old light fixtures or bulbs for LED alternatives makes your unit feel brighter and more modern, plus it helps tenants save on utilities. The smartest investors know that a steady, consistent return beats an overbuilt unit with a low ROI any day.

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Real Property Management Evertrust

OCTOBER 7, 2024

Failing to Properly Screen Tenants The Mistake: Many new landlords are so eager to fill their rental units that they skip or rush through tenant screening. Vacant properties not only reduce your rental income but also still require ongoing expenses, like mortgage payments, utilities, and maintenance.

Landlord 130

Landlord Lease Agreement Tenant Maintenance 130

American Apartment Owners Association

AUGUST 7, 2022

Increased insurance premiums, taxes and/or utilities. The ins and outs of a rent increase notice Generally, a landlord can raise a units rent price with a new lease agreement, if they give proper notice. Amenities, such as grocery stores, make the neighborhood more appealing to prospective tenants.

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Compliance Rent Lease Agreement Landlord 130

American Apartment Owners Association

AUGUST 7, 2022

Increased insurance premiums, taxes and/or utilities. The ins and outs of a rent increase notice Generally, a landlord can raise a units rent price with a new lease agreement, if they give proper notice. Amenities, such as grocery stores, make the neighborhood more appealing to prospective tenants.

Compliance 130

Compliance Rent Lease Agreement Landlord 130

Property Management Inc.

JUNE 13, 2025

Proceed with cleaning and preparing the apartment or the rental unit for your next tenant. Recovering Back Rent and More Explore strategies for recovering unpaid rent or utilizing a retained security deposit to cover damages. Budget accordingly.

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Landlord Lease Agreement Attorney Lease 40

American Apartment Owners Association

AUGUST 7, 2022

in a rental unit. Violating community health and safety standards: Letting a rental property get so dirty it attracts rodents or insects, which may make other tenants feel unsafe. Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property.

Tenant 130

Tenant Attorney Lease Rent 130

American Apartment Owners Association

AUGUST 7, 2022

in a rental unit. Violating community health and safety standards: Letting a rental property get so dirty it attracts rodents or insects, which may make other tenants feel unsafe. Staying on premises after the lease has expired: When the lease is up, so is the tenants time living at your property.

Tenant 130

Tenant Attorney Lease Rent 130

Rentals United

JUNE 10, 2025

NOI shows you how much income a property generates after covering operating expenses such as insurance, utilities, and maintenance. Formula: NOI = Rental income – Operational expenses How can I use it? It offers a reliable baseline for comparing different properties or assessing profitability, regardless of your financing method.

Rental Property 52

Rental Property Property Rental Income Finance 52

Rentals United

AUGUST 19, 2024

By utilizing Request to Book, property managers can also double-check property availability and coordinate with property owners before confirming a booking. With this feature, you can now confidently utilize Booking.com, as well as Airbnb, Vrbo, and others, to reach a broader audience while maintaining your standards. Book a demo!

IT 52

IT Rental Unit Property Airbnb 52

American Apartment Owners Association

NOVEMBER 2, 2022

Various fees you charge, such as for the tenant to have a pet or date payments, could also contribute to your rental propertys gross income. These could include property taxes, insurance, repairs, utilities and property management fees if you hired a company to take care of your property for you.

Rental Property 130

Rental Property Property Real Estate Tenant 130

American Apartment Owners Association

NOVEMBER 2, 2022

Various fees you charge, such as for the tenant to have a pet or date payments, could also contribute to your rental propertys gross income. These could include property taxes, insurance, repairs, utilities and property management fees if you hired a company to take care of your property for you.

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Rental Property Property Real Estate Tenant 130

MRI Software

SEPTEMBER 10, 2024

Multifamily operating expenses are the regular costs that come with running and maintaining a rental property. These can range from maintenance and repairs to utilities, insurance, and payroll. Multifamily operating expenses per unit One way to keep track of your expenses is by looking at the cost per unit.

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Utilities Insurance Maintenance Property Manager 52

MaidThis

OCTOBER 24, 2024

The last thing you want to do is be impulsive when contemplating turning your home into a rental unit. That’s especially true if you want to run the rental process through a reputable third-party platform like VRBO or Airbnb. Step 3: Prepare the Unit for Renting As an Airbnb rental unit, it will need to be fully furnished.

Airbnb 52

Airbnb Government Rental Unit Insurance 52

Florida Property Management

JULY 5, 2019

Seven Day Notice to Cure: This type of notice applies in situations where a tenant has violated their lease or rental agreement, and the violation can be corrected, or “cured.” You cannot change the locks or turn off the utilities. The landlord may file an eviction lawsuit if the tenant fails to correct the violation within seven days.

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Tenant Rental Unit Lease Landlord 52

Authority Property Management

JULY 20, 2021

This includes the cost of rent for a rental property plus essential utilities such as water, gas, and electricity. Gross rent does not include non-essentials such as, internet, cable or satellite, and telephone utilities. More so, contract rent is the rental payment that’s agreed upon in the lease.

Single-Family Home 52

Single-Family Home Utilities Rental Property Rent 52

Authority Property Management

JUNE 16, 2024

Here's why relying on a local real estate broker is essential for accurate rental valuations. Furnished vs. Unfurnished Matters One significant flaw in Zillow's Rent Zestimates® is the failure to differentiate between furnished and unfurnished rental units. This substantial price difference skews the overall rental estimates.

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Real Estate Broker Rent Single-Family Home Broker 52

RL Property Management

NOVEMBER 25, 2024

Energy-efficient upgrades like solar panels, LED lighting, and high-efficiency HVAC systems not only lower utility bills but also appeal to eco-conscious tenants who prioritize sustainability. These tenants are often willing to pay a premium for rental units with lower utility costs and environmentally friendly features.

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Rental Property Property Finance Landlord 52

InveServe

OCTOBER 28, 2024

As we look ahead to 2025, several key trends are shaping the future of the multifamily rental market in this vibrant region. This trend is expected to continue in 2025 , as the region’s population growth and economic vitality fuel the need for quality rental units. By partnering with InveServe Corp.,

Property Manager 52

Property Manager Property Management Tenant Rental Unit 52

Authority Property Management

JULY 12, 2022

Utilities One of the advantages of renting is that you might end up not having to pay for utility costs. Just in case some utilities weren’t included in your rent, the associated costs will still be cheaper than buying a home. The reason is that many rental units have less square footage than single-family homes.

Rent 52

Rent Single-Family Home Utilities Lease Agreement 52

AirHost Academy

AUGUST 30, 2023

The software allows you to drive greater quality to each of your rental units through custom inspections, property photos, and property notes. If you are building your business from the ground up or planning to expand, we are always here to help you utilize our software to its maximum potential!

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Property Manager Property Management Management Property Management Software 52

Host Tools

NOVEMBER 21, 2024

Why Remodeling is Key to Rental Property Success Before guests even step through the door, the look and feel of your rental can set expectations. Remodeling your rental unit refreshes its appearance and impacts your guests’ experience. Start your free trial today!

Airbnb 52

Airbnb Rental Property Rental Unit Rental Income 52

Authority Property Management

JULY 5, 2024

Utilities disconnected or unpaid. Conduct regular property inspections to stay informed about the condition of your rental units. Recognizing Abandonment The first step in handling abandoned property is recognizing when a property has indeed been abandoned. Neighbors reporting that the tenant has moved out.

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Landlord Property Lease Agreement Tenant 52