Are you making one of these seven deadly mistakes in your rent collection process? Today on the Flex blog, we break down the common rent collection traps that property managers can fall into and how to avoid them: https://lnkd.in/ep-NkRzp
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If you're a landlord/property manager seeking clarity on fair practices, this article is your guide to smooth and transparent rent collection. Learn how pro-rated rent works and why it's essential for those mid-month moves or lease commencements. Plus, demystify the calculation of late fees—because we know timing can sometimes be tight! https://lnkd.in/g3Vac_RY #rental #landlord #tenantmanagement #proratedrent #LateFee #realestategoals #propertymanagement
Streamline Your Rent Collection Process with Step-by-Step Guide for Late Fee & Pro-rated Rent Calculation.
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Streamline your rental income with this rent collection process – ensuring hassle-free payments and peace of mind for landlords and tenants alike! To continue reading article, click here: https://lnkd.in/gvf7vd6W #RentCollection #UpperMalboroPropertyManagement
Rent Made Simple: Rent Collection Services in Upper Marlboro
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Can a landlord use a fresh lease to increase rent beyond the legally allowed amount? As a tenant, it’s important to know your rights and understand how rent caps work, even with a new lease in place. Let’s dive into what you need to watch for in lease renewals and how to protect yourself from unexpected rent hikes. 💼📈 Learn more: https://lnkd.in/gVRTJ9mn #RentIncrease #LeaseAgreement #TenantRights #RentalTips #ParalegalInsights #DenaliInsights
Unlawfully Using Fresh Lease Agreement Involving Rent Increase Beyond Statutorily Allowable Guideline Percentage
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Wondering how to set competitive rents for your new development? Dive into our latest blog to discover the essential steps for crafting a profitable rent roll! From analyzing competitor prices to forecasting unit desirability, we've got you covered. Don't miss out and read the full blog here: https://bit.ly/4ad05IA #CHARLESGATE #PropertyManagement #RentRolls #Blog
3 Steps for Setting Rent Rolls for Lease-Ups
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You might think self-managing your rental is a way to save money, but it could cost you more than you realize. One of our clients found out the hard way when they ended up with $10,000 in damages, unpaid rent, and months of stress. 😬 From tenant issues to costly repairs, here’s how trying to save a few bucks led to major losses. Read the full story to learn how professional property management could have made all the difference. #LandlordLife #PropertyManagement #RentalPropertyTips #SaveSmart
The $10,000 Mistake: The Hidden Costs of Self-Management | Power Properties | Calgary Property Management
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Our latest blog post just dropped. Following our recent series on Tips for Rent Collection and Improving Tenant-Landlord Communications, we are bringing both topics together in this new series of posts about: "The Art of Raising Rent While Retaining Tenants" https://lnkd.in/g5J4itVw We all know rents must periodically increase if only to keep up with inflation. In this post, we gathered wisdom from our many clients to help you navigate this unpopular but essential topic.
The Art of Raising Rent While Retaining Tenants - Part 1 - DoorSpot
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Strongly believe that the lease-up process is one of the most important components of a real estate project but often doesn’t receive the attention it needs. Longer lease-ups equate to more holding costs and compressed returns. The length of the process is predicated on 4 items: 1.) Location 2.) Condition 3.) Pricing 4.) Responsiveness of the leasing agents How do we ensure a smooth lease-up? -Seek out locations where people want to live and will pay premiums to do so (prime locations make everything easier) -Provide thoughtfully renovated apartments. -Ensure our pricing matches the market (anybody can list their units for $500 over market rates, just prepare to have empty apartments as you hold out for that higher price tag) -Have a killer team of leasing agents with an embedded sense of urgency (they receive a commission based off the rental rate of the unit and are incentivized to fill apartments as fast as possible) -Take really good care of common areas, walkways, and exteriors (first impressions are important and recurring cleaning/landscaping shows existing residents we care) -Run a tight tenant-screening process (thorough applications, credit checks, background checks, multiple references) One bad tenant can affect a whole property, let alone returns. We have a full checklist for this to ensure every detail is reviewed and that we’re positioning ourselves to avoid evictions.
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How Do You Calculator Prorated Rent? A Guide for Property Managers Property managers must handle a variety of tasks, including calculating prorated rent. Learn how to calculate it in this guide! https://lnkd.in/e2kEHQrp #pmimilehigh #leasewestminster #westminsterpropertymanagement #propertymanagement101 #landlordtips #propertymanager
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Curious about renewal leases and rent hikes? 🤔 Let's unravel what happens when landlords opt for a renewal lease to up the rent. 💰 #TenantRights #Renting101 #ParalegalInsights #DenaliInsights Learn more: https://lnkd.in/gVRTJ9mn
Unlawfully Using Fresh Lease Agreement Involving Rent Increase Beyond Statutorily Allowable Guideline Percentage
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Landlords are you ready for Stress-Free Property Management? Let Us Handle It! 🏡 Being a landlord doesn’t have to mean constant phone calls, late-night maintenance issues, or chasing down tenants for rent. At ZAP Property, we take care of everything so you can enjoy the benefits of owning rental property—without the headaches. 😌 ✨ Here’s How We Make It Easy: 🔍 Tenant Screening: We find reliable tenants with thorough background checks, so you can rest easy knowing your property is in good hands. 🔧 Maintenance & Repairs: No more late-night calls or emergency repairs—we’ve got you covered with a dedicated team for 24/7 support. 💰 Rent Collection & Accounting: We handle rent collection and make sure you’re paid on time, every time. Plus, you’ll have clear, detailed reports to track your income. 📈 Maximize Your Income: With our expert market insights, we’ll help you set competitive rent prices to maximize your returns while keeping your property fully occupied. ✨ Why Choose Us? We treat every property as if it were our own. Whether you own a single-family home or an entire portfolio, we’re here to manage it all—professionally and efficiently. We take the stress out of property management so you can focus on what matters most. Let us handle the day-to-day, while you enjoy the peace of mind that comes with knowing your property is in expert hands. 🗝️ 📩 DM us today to learn how we can help you manage your property effortlessly! #propertymanagementlife #landlordproblems #landlordsuk #realestateinvesting #stressfreerenting #RentalProperty #houseforrent #rentalexperts #passiveincomestream #hasslefreerentals #zapproperty #zappropertylimited #fypage #fy
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Senior Software Engineer | The 1916 Company
1moMistake #5 is a good one. This applies everywhere it seems where upfront costs keep profitability a short-term vision sometimes instead of the bigger payoff, including the technology paying for itself (and more).