Rental Property Management: Doing It Right!

Rental property management is an often complicated process that involves many moving parts. As such, it is usually hard to get it just right.   What Is a Rental Property Management Company? A rental property management company manages rental units or homes in place of a landlord. These companies assume the tasks that a landlord would normally do, including rent
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Florida Property Tax: What Investors And Homebuyers Should Know

Before buying a home in Florida, it is important to familiarize yourself with the obligations that come with being a homeowner. One of those obligations is paying taxes. But, how much is Florida property tax anyway?   Who Collects Florida Property Tax? In Florida, homeowners do not have to pay property taxes to the state government. Instead, it is the local
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What Is Rental Property Insurance And How Can It Protect Your Property?

Rental property insurance is a must-have for every rental property owner, but there is some confusion as to what it is and what protections it offers. Gain a better understanding of this insurance policy below.   What Is Rental Property Insurance? Rental property insurance, also known as landlord insurance, is a type of insurance that protects rental property owners from covered costs.
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Keeping Rental Property Maintenance Costs At A Minimum

Maintenance is an essential part of managing a rental property. Regularly performing maintenance can save landlords a lot of money in the long run, but it also comes with expenses. Luckily, there are a few ways you can keep rental property costs low without sacrificing quality.   How to Minimize Rental Property Maintenance Costs As the popular saying goes, "You
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HOA Parking Rules: How Vacationers and Tenants Should Park Properly

Homeowners associations are no stranger to vacationers and tenants who are, in turn, not exempt from the rules of the community. When it comes to HOA parking rules, here is everything short-term and long-term tenants need to know.   HOA Parking Rules: Are They Allowed? If you have ever lived in a community managed by a homeowners association, then you
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13 Best Vacation Spots In Florida: Know Where To Rent Your Next Vacation Home

Florida is a beautiful state overflowing with equally alluring and exciting attractions. If you're looking for your next travel destination, get to know the best vacation spots in Florida.   The Best Vacation Spots In Florida You Must Visit Florida welcomes over 100 million visitors every year. While 2020 was an exception and saw a drop in visitors due to the
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How Is The COVID-19 Pandemic Affecting Short-Term Rentals In Florida?

As one of the most popular vacation destinations in the United States, Florida's tourist industry took a big hit when the coronavirus pandemic began. But, what exactly is the relationship between COVID-19 and short-term rentals in the Sunshine State?   COVID-19 and Short-Term Rentals in Florida While the first cases of COVID-19 in the United States were reported way back in January
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15 Things To Do In South Florida

South Florida is a popular vacation destination — and for many good reasons. This part of the state offers plenty of outdoor activities, museums, and entertainment opportunities. Don't believe us? Check out the best things to do in South Florida below. You might also want to know that as more visitors flock South FL, there are more investment opportunities for property
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Top 10 Florida Cities With The Highest Rental Prices

Rental property investors are always on the lookout for the next lucrative investment. And, for that, the Sunshine State is the place to be. Here are the top 10 cities with the highest rental prices in Florida.   Which Cities Have the Highest Rental Prices in Florida? When talking about states with the best rental property opportunities, Florida often comes to
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Common Housing Code Violations That Landlords Do

Upon signing a lease agreement, both landlord and tenant assume key responsibilities. For instance, tenants must pay rent each month. Meanwhile, landlords must ensure that the rental property is safe and habitable. Failure to make the necessary repairs can lead to housing code violations. As a tenant, it’s important to know housing codes and what you need to do if your
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Holiday Real Estate: What’s Happening In The Industry During Christmas?

Ah, the holidays — a time when people feel the most cheerful and joyful. With so many activities occupying your time, real estate is probably the last thing on your mind. But, the thing about holiday real estate is that it is actually very lucrative.   Holiday Real Estate: Breaking Down the Myth The holiday season is known as the busiest
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FAQs On Getting A Property Management License In Florida

If you want to become a property manager, you must obtain the proper license. This ensures that you are qualified and capable of fulfilling the duties and responsibilities of a property manager. Compared to other states, though, obtaining a property management license in Florida is different. Here are the answers to frequently asked questions to guide you through the process.
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How To Fill Rental Vacancies Faster?

Investment properties are only profitable if you have tenants to rent them out to. With rental vacancy rates at 5.7% in the second quarter of 2020, it’s important for property managers to employ certain strategies to attract potential tenants. Here are the top tips that will help you fill rental vacancies faster.   7 Helpful Tips to Fill Rental Vacancies
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A Move-In Checklist Guide For Landlords And Tenants

For both rental property owners and tenants, move-in day can be a source of great excitement. But, neither one should let themselves get lost in the activity. To shield both parties from future trouble and disputes, it is essential to prepare a move-in checklist. In this article: The Importance of a Move-In Checklist What to Include in a Move-In Checklist
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The Most Important Questions About Tenants And Landlords Answered

It’s important to know all the rules and legalities involved in renting out property. As much as possible, both tenants and landlords act to preserve their best interests. But if they do not see eye-to-eye on certain issues, they’re more likely to have conflicts along the way. If you want to have a good working relationship, keep in mind these
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How To Avoid Florida Real Estate Scams

Florida real estate scams are on the rise, and many have already fallen victim to them. Protecting yourself from these types of Florida investment scams requires knowledge on how to spot them and what to do when faced with property management fraud. In this article: The Rising Frequency of Florida Real Estate Scams How to Identify Rental Property Scams Impossibly
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10 Most In-Demand Vacation Rentals In Florida

A good way to earn extra income is to rent out your property to vacationers, especially in a popular tourist area like Florida. But, which places draw in the most people? Here are the best vacation rentals in Florida.   The Top Places for Vacation Rentals in Florida Florida remains one of the most popular tourist destinations in the United
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What’s The Latest Florida Short-Term Rentals Regulations

Keeping up with Florida short-term rentals regulations is one of the most common problems property owners face on the regular. They can get overwhelming and downright confusing. Yet, awareness remains an essential part of renting out your property short-term in Florida. In this article: Be Aware of Florida Short-Term Rentals Regulations Airbnb Building Rules Long-Term Vacation Rentals Taxation Implications Property
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How To Find The Best Vacation Rental Company In Florida

Property owners in Florida often opt to rent out their investments to make a little extra income. But, managing rental properties alone is no easy task. For the right expertise and proven procedures, look for the best vacation rental company in Florida.   Tips for Selecting the Best Vacation Rental Company in Florida Florida has a fantastic climate and a
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Where to Find Property for Sale in Florida

Florida has become a very popular place to live in. For this reason, many investors from other states or countries have decided to acquire real estate there for a primary home, secondary home, and even investment. When looking for a property for sale in Florida, there are some important factors to consider.   Looking for a Property for Sale in Florida?
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Important Information About Your Florida Rental Agreement

Rentals have become more commonplace in Florida. Whether you are a landlord or a tenant, it is important to familiarize yourself with the components of a Florida rental agreement. This way, you can save yourself the legal trouble.   Your Guide to Creating a Florida Rental Agreement There are many appealing places to reside in Florida. This is why many
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How To Market Your Property Management Company

Like any business, a property management company relies on clients to generate income and become profitable. Searching for clients can be a time-consuming and uphill battle, though. Make it easier by adopting some tactics to market a property management company.   The Right Way to Market a Property Management Company As a property management company, you need to have a solid
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Top 9 Qualities Of Having A Good Property Manager

A good property manager can make a huge difference when it comes to the success of your investment property. But, how can you distinguish between an effective property manager and a bad one? When looking for top property managers, there are some qualities you must take into consideration.   Characteristics of a Good Property Manager There are about 43 million housing
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9 Property Management Tips For A Loyal Clientele

Property management involves a lot of tedious work but if done right, it will lead to higher property values and happier residents. If you want to find a great property management company — or you’re a property management company looking to build a loyal clientele — here are essential property management tips to keep in mind.   Consider These 9
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7 Benefits of Property Management

Property management requires a lot of time, effort, and expertise — which some property owners are unable to provide. If you are a property owner who simply wants to enjoy the fruits of your investment, consider hiring a property management company. Though it may be an added expense, it’s worth the price as you’ll be able to reap all the
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How To Benefit From Real Estate Social Media Marketing

In today's modern age, companies use social media to promote their brand and products all the time. The world of real estate is no exception. Here is how you can effectively use real estate social media marketing. In this article: Use Real Estate Social Media to Your Advantage Facebook Instagram LinkedIn Pinterest YouTube The Value of Social Media Management for Real
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9 Top Ways To Increase Profits From Rental Properties

The primary goal of purchasing rental properties is to earn money from it. But, with increased taxes on rental properties, it has become difficult for rental property owners to earn much profit if they do not know what to do. Many opportunities can be explored to boost profits from rental properties.   Earn More Profits from Rental Properties There are
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How Property Managers Can Handle Late Rent Payments

Property managers can have leeway when dealing with tenants. However, when it comes to tenants with late payments, you must be firm. Leniency or improper handling of late rent payments can lead to major problems down the line. To protect your property, here’s how to handle late rent payments. In this article: Why Do Property Managers Need to Handle Late
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How Has Property Management Online Marketing Changed The Industry?

The advent of the internet has revolutionized the property management industry — and for the better. Today, property management online marketing strategies have become a staple as they bring about numerous benefits for both businesses and consumers. Here’s what you need to know about online marketing for property management companies. In this article: What Are the Benefits of Property Management
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A Guide For Hiring A Property Management Company

Hiring a property management company is one of the best decisions you can make as a property owner. Not only will it afford you more free time, but you can also benefit from professional management. When looking for a property management company, though, it is important to keep certain requirements in mind.   Things to Consider When Hiring a Property Management
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Evolving Into Modern Property Management

Property management has come a long way in the past several years. Customers today certainly don't think the same way as customers did a decade ago, and modern property management must keep up with the changing times. But, what exactly has changed? In this article: Defining the Role of Technology in Modern Property Management Defining Characteristics of Modern Property Management
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What Every Beginner Should Know About Starting A Real Estate Investment

Investing in real estate is a great way to earn some extra money on the side. Starting a real estate investment, though, can be tough, and beginners often lack the necessary expertise or experience to navigate the many complicated avenues.   Starting a Real Estate Investment for Newbies The real estate industry poses plenty of lucrative opportunities for anyone with reasonable capital.
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Are The Restrictive Covenants In Your HOA Legal At All?

If you want to join a planned community, you must agree to abide by the homeowner's associations covenants, conditions, and restrictions (CC&Rs). While some policies are easy to follow, there are also some restrictive HOA covenants. As a homeowner, it’s important to know whether restrictive covenants are legal and enforceable. In this article: The Basis of Restrictive Covenants in an
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Finding Property Management Companies in Florida

With so many property management companies in Florida, how do you know which one to choose? As a property owner, you are entrusting your investment to someone else. That’s why it’s important to find a company that is experienced, professional, and trustworthy. Here are useful tips when finding a Florida property management company. In this article: How to Find Property
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Do You Need To Hire A Property Manager?

Any rental property owner knows that it is a challenge to keep up with the day-to-day tasks of a landlord. A property manager can help lighten the load, allowing you to focus on other things. These are the reasons you need to hire a property manager.   Why You Must Hire a Property Manager Property management is no easy feat —
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The Different Types Of Difficult Tenants And How To Deal With Them

Owning a rental property is a great way to earn passive income. Unfortunately, you run the risk of encountering difficult tenants at one stage or the other. Such tenants seem bent on giving you a hard time through incessant complaints and other debilitating demands. Some may even cause significant damage to your property or consistently pay their rent late.  
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How To Gain Financial Freedom Through Property Investments

Purchasing property is a major financial decision but if you take care of your investment, it can lead to financial freedom. For this dream to turn into a reality, though, property owners must follow certain steps and strategies. You should also strive to learn as much about real estate as possible to make sound decisions throughout your journey to financial
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15 Questions You Must Ask A Property Management Company

Hiring a property management company is a major decision. Property owners need to make sure that they are entrusting their investment to the right people. Before you sign the contract, here are important questions to ask a property management company.   In this article: Important Questions to Ask a Property Management Company Qualifications and Experience Rent and Tenancy Property Management
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How Helpful Can Real Estate Facebook Marketing Be?

When done right, real estate Facebook marketing is a great way to reach a wide audience and generate leads. Sharpen your social media marketing skills using this helpful guide.   How to Use Real Estate Facebook Marketing to Your Advantage Researchers have it that 2.95 billion of the world’s population have joined several social media platforms. And, with 2.5 billion monthly
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How To Start A Property Management Company

Are you looking for a way to earn money from your organization and communication skills? You may have what it takes to start a property management company. Just like any business, though, there is a correct way to go about it.   How to Start a Property Management Company in 9 Steps Property management is one of the most affordable and
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The Main Responsibilities Of Property Management Companies

As a landlord or property owner, it is important to understand the responsibilities of property management companies. That way, you can have clear expectations when you work with an established property management business.   Defining the Responsibilities of Property Management Companies Real estate property management is easier said than done. It is a tedious task that involves the fulfillment of many property
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How To End Contract With A Property Management Company

Every beginning has an end, and that includes any partnerships or employment. In the world of property management, there will also come a time when a client wants to fire a property manager. But, how exactly should owners end contract with a property management company?   The Proper Way to End Contract With Property Management Companies There are a couple of
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How to Choose Property Management Companies?

Too many property owners go through bad experiences with their property managers. If you want to avoid problems with your property management company, you should start with the selection process. Learn how to choose property management companies that fit your needs and budget.   Choose Property Management Companies the Right Way As a property owner, you can always opt to
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Understanding Your Property Management Contract

When you hire the services of a property management company, you enter into a binding agreement with them evidenced by a property management contract. As their client, you must understand this contract and know what it should contain.   What Is a Property Management Contract? When you sign a contract with property managers, the document must not be taken lightly. The contract
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Self-Management vs Property Management

Self-Management vs Property Management — which one should you choose? For the longest time, property owners have been asking this question, trying to determine which option is the best way to go. On that note, let us break down how these two management routes differ and what each one poses in terms of advantages and disadvantages. In this article: Self-Management vs
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9 Ways To Boost Resident Retention In Properties

Resident retention is one of the most important aspects of property management. In fact, to some rental property owners, your resident retention rate can make or break a deal. Luckily, keeping residents is not as hard a task as it may seem.   The Best Resident Retention Tips You Must Follow Resident retention is one of the most important responsibilities of
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Helping The Environment With Eco-Friendly Rental Properties

Green rentals have grown in popularity as people are starting to be more conscious of their impact on the environment. Apart from helping save Mother Earth, eco-friendly rental properties can also help your business in the long run. Here’s what you need to know about eco-friendly properties.   What Are the Benefits of Eco-Friendly Rental Properties? With environmental degradation increasing
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What Is Property Management?

Many people become landlords without really knowing much about property management. Thus, they may struggle with essential responsibilities such as maintaining facilities, collecting rent, and screening tenants. In order to protect the value of your property, it’s important to be familiar with the basics of real estate property management. Here’s what you need to know.   What Is Property Management?
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10 Wise Strategies To Help Renters Pay Rent On Time

Late rent payments aren’t always due to insufficient funds. It could also be due to a tenant’s forgetfulness, inconvenient payment methods, or lack of serious consequences for renters. No matter the reason, landlords must be able to collect on-time rent payments each month. Here are 10 wise strategies to help tenants pay rent on time.   Why Tenants Need to
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9 Ideas To Attract Quality Tenants

One of the most challenging aspects of rental property management is to attract quality tenants. Yet, it remains an essential part of the job. That is why it is important to learn effective ways to attract good tenants.   The Best Ways to Attract Quality Tenants Good tenants pay their rent on time and in full, take care of your
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How To Choose The Best Vacation Homes In Florida

Florida remains one of the top vacation destinations in the United States — and for good reason. The Sunshine State is the perfect place if you want a combination of tropical fun and city living. As much as the destination itself, though, it is important to choose the right vacation homes in Florida to fully enjoy your stay.   Learn to
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5 Steps To Deal With Demanding Tenants

In the rental market, landlords often encounter demanding tenants — the type to make unreasonable requests and pester you until you take action. Dealing with this kind of tenant can come as a challenge, especially if you lack the experience. Luckily, there are some tips you can follow to make the task easier.   Dealing With Demanding Tenants in 5 Easy
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A Checklist For Winter Maintenance for Rental Properties

Although wintertime brings great joy to most people, for landlords, it means going through extra work to ensure their properties stay in tiptop shape. To make sure you don't miss any critical issues, prepare a checklist for winter maintenance for rental properties.   A Guide to Winter Maintenance for Rental Properties As a landlord, it is part of your job
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Is It Good To Accept Renters With Pets?

Sixty-seven percent of U.S. households own a pet. This number will only continue to rise in the coming years as pets have become a staple for millions of Americans. Based on these statistics, landlords are now asking whether it is good to accept renters with pets. Before you make a decision, here are important points to consider.   Should You
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7 Tips For Finding The Best Property Manager In Florida

Landlords want their investment property to be profitable. In most cases, this means putting your rental property in the hands of a very capable property manager. The search process can sometimes be overwhelming, though, so here are useful tips for finding the best property manager in Florida.   How to Find the Best Property Manager in Florida Not everyone who
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How To Deal With Renters With Money Problems

Property managers make it a point to choose tenants who are responsible and pay rent on time. But what happens if they fall on hard times? Medical emergencies, family issues, and unemployment can make it difficult for a once dutiful tenant to make monthly rent payments. As a property manager, it’s important to find a balance between being compassionate and
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Maintaining A Great Landlord-Tenant Relationship

A bad relationship with the landlord is one of the main reasons why tenants move out. For your rental property to prosper, it’s important to have a good relationship with tenants — and vice versa. A great landlord-tenant relationship not only helps your bottom line, but it can also make the work you do more enjoyable and rewarding. Here’s what you
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Rental Inspection Checklist: What To Look Out For

Property inspections are a normal part of property management. Whether as a landlord or property manager, you must conduct inspections on a regular basis to ensure the property stays up to standard. As such, it is always good to have a rental inspection checklist handy so you don't miss any important items.   In this article: The Ultimate Rental Inspection
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11 Ways To Keep Tenants Happy

One of the secrets to secure long-term residents is to keep tenants happy. That job, though, is sometimes easier said than done. Property managers and landlords have to follow certain tips in order to ensure tenant happiness.   Simple Tips to Keep Tenants Happy The tenant selection process can be a long and arduous one, but it is worth going
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How To Become A Successful Property Manager

There is more to being a property manager than just maintaining properties and finding tenants. Property management is an all-around job. To become a successful property manager, it takes self-discipline and a willingness to develop your own skills.   Turn Into a Successful Property Manager With These Tips Good property management relies on people — property managers. Whether you are a veteran
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Property Managers And Real Estate Agents: What’s The Difference?

It is easy to confuse property managers and real estate agents because of the similar nature of the two positions. But, even though both work in the real estate industry, there are some differences in responsibilities.   In this article: Distinguishing Between Property Managers and Real Estate Agents Property Managers vs Real Estate Agents: Differences Explained Educational Requirements Licensing Salary
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9 Effective Ways to Find Tenants Fast

Every landlord wants to minimize their vacancy rate, but looking for tenants to rent your property is not always a simple task, especially if you don’t know where to begin. There are several methods you can use, though, to find tenants fast.   How to Find Tenants Quickly and Easily The job of a landlord is often time-consuming and difficult.
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Hiring Property Management Staff And Getting The Right People Onboard

A business, no matter its nature, is only as good as its employees. Hiring property management staff can be a difficult process, but it remains a critical part of running a property management company. The right staff members can lead you to success, while the wrong ones can drag down the entire team.   The Importance of Hiring Property Management
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What Is Rental Housing Discrimination?

Rental housing discrimination is something all landlords and property managers must stay away from. It will put you and your business in danger of liability. Not only that, but it will also tarnish your credibility and reputation in the rental market.   In this article: What Is Rental Housing Discrimination? Types of Rental Housing Discrimination Exceptions to the Rule Legal Reasons
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9 Valuable Tips To Help Fill Vacancies Quickly

For an investment property to be profitable, landlords need to have a steady stream of tenants renting their units. However, this is easier said than done. With the highs and lows of the real estate market, there are times when you may have difficulty finding tenants to fill your vacant units. To protect your profits, here are some valuable tips to
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Move-In Day Extras That Will Make The Difference

Move-in day can be very hectic for renters. They need to coordinate with different people and make sure that they are settled in their new rental unit by the end of the day. While landlords have their own move-in day tasks, adding in some extra touches can make all the difference to your new tenants. Here are some helpful tips
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How To Attract Millennial And Gen Z Renters

As a rental property owner, one of your top priorities is to lower your vacancy rate in order to maximize revenue. Sometimes, though, attracting renters can come as a challenge, especially if your focus is on a singular demographic. Widen your search range to include prospective tenants that pose the most gainful potential — Millennial and Gen Z renters.   How
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Fall Maintenance Checklist For Property Managers And Landlords

The fall season is a time for wearing sweaters, jumping on piles of leaves, and making all the pumpkin-related recipes you can think of. But, it is also a time to make sure your rental property is in good condition by completing important fall maintenance tasks.   Essential Items to Include in Your Fall Maintenance Checklist Maintenance ensures your rental
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Pet Policy For Rentals: Minimizing Risks For Property Managers

Let's face it — pets pose risks. They can cause damage to furniture and landscaping as well as present a threat to neighbors if aggressive. Constructing a pet policy for rentals is a good way to protect your property and other tenants in the area.   Creating an Effective Pet Policy for Rentals In 2014, a survey found that over
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Are You Charging The Right Rental Rate?

Setting the right rental rate can be challenging for most landlords. You don’t want to set the rent too low because it will affect your bottom line and you may attract lower quality tenants. At the same time, landlords cannot make the rental rate too high because it will turn off quality tenants. If you want to maximize the profits
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8 Ways To Show Appreciation To Tenants

Turnover costs and unexpected vacancies can significantly affect your bottom line. To maintain the profitability of your rental property, landlords should make sure that their current tenants are happy and loyal. Show appreciation to tenants. From simple gestures to attractive incentives, here are tenant appreciation ideas that you can try.   Why Do You Need to Show Appreciation to Tenants? Good tenants
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How To Improve Customer Service In Property Management

Like in any business, customer service is paramount to successful property management. Providing excellent customer service in property management, though, is often easier said than done. Luckily, there are some customer support tips that can position your company above the rest.   The Importance of Customer Service in Property Management Many Americans consider customer service as one of the deciding
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Living In An HOA Community: The Pros And Cons

Anyone who has ever tried living in an HOA knows that there are both advantages and disadvantages to it. If you are considering whether or not to move into an HOA community, it is important to consider both sides before making your decision.   Living in an HOA: Is It for You? In the United States, over 70 million people
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What Are The Duties Of HOA Board Members?

Homeowners associations are governed by a board of directors. They manage the day-to-day operations of the association and ensure that the community functions properly. Thus, the overall success of a community will depend on the effectiveness of its board members. If you belong to an HOA, here is a primer on the complete duties of HOA board members.   Main
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7 Ways To Improve HOA Governance

Poor governance can lead to a tarnished HOA reputation. Most people join homeowners associations to enjoy benefits like attractive amenities, convenient services, and high property values. However, unresponsive board members, restrictive policies, inefficient operations, and other issues can lead to the breakdown of an HOA. For the success of your community, here are some ways to improve HOA governance.  
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