Property Management News
If you’re a landlord, some states may require you to provide rent receipts to your tenants. In addition to helping landlords keep meticulous records, these important documents provide tenants with proof that their rent has been paid. Landlord Benefits of Providing Rent Receipts There are several reasons landlords should provide rent receipts, including helping the landlord or management company maintain a professional appearance. Rent receipts also help landlords keep track of which tenants have paid and which haven’t. Note, however, that a rent receipt of payment by check isn’t proof that the check actually cleared. If the check doesn’t go through, the landlord can... Read more
In our modern world we take our ability to communicate seamlessly and instantly for granted. We communicate through more services and devices than ever before. Our...
Managing books and record keeping for rental properties can be confusing, cumbersome, and stressful. However, there are several ways to make the process easier. If...
When a crisis hits a multifamily community—or any other organization—the difference between a good outcome and a disastrous one is often a matter of simple...
While there are financial benefits to investing in rental property, there are risks—tenants who don’t pay their rent and the headache of being a landlord—as...
Amenities play a critical role in the success of a multifamily community. For current residents, they can make or break the decision to renew or start the search for a new place. Meanwhile, prospective residents will gravitate towards communities that offer amenities that cater to their varying lifestyles. To show the importance that many residents, especially those in younger generations, place on amenities, consider the findings of the 2022 NMHC/Grace Hill Renter Preferences Survey. For example, according to the report, residents are willing to pay a $54.73 monthly premium for in-unit washers and dryers, and they’re willing to spend an extra $47.93 per month for high-speed... Read more
When the person renting an apartment wants to rent out all or part of the space to someone else, this is called subletting. Some landlords strictly forbid this practice...
Tenant screening helps minimize the risk of renting to high-risk applicants. As a landlord, you can create tenant interest by writing an effective rental listing....
Here’s how—from buying rental property to REITs and more When looking for investment options, there are many choices for where to put your money. Stocks, bonds,...
Keeping your rental property in top condition ultimately saves on maintenance costs, and helps attract and retain good tenants. This article is the second in our...
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