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1031 Exchange
A 1031 exchange is one of the go-to ways for property owners to delay paying taxes on capital gains when selling a property, as long as they reinvest the proceeds into a similar property. While it might sound...
1099
Since one of the core responsibilities of a property manager is to manage an owner’s assets, income, and expenses, you’re constantly dealing with accounting whether you like it or not. From receiving rent payments to handling vendor invoices,...
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Estate for Years
As a property manager, you’re responsible for managing a variety of lease agreements and keeping tenant expectations clear and enforceable. One key concept you may encounter in property management is estate for years. This legal term may seem...
Estate from Period to Period
As a property manager, grasping different types of leases is fundamental to managing your properties effectively. One such lease structure, estate from period to period, may initially seem complex, but it’s quite straightforward when broken down. This blog...
Estoppel Certificate
As a property manager, you’re likely to encounter many documents and legal terms. One such document you may come across is the estoppel certificate. While it might sound like legal jargon, an estoppel certificate is a significant tool...
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Gross Effective Income
One of the most important financial metrics property managers use to gauge property performance is gross effective income (GEI). This metric helps you understand how much income a property generates after accounting for certain adjustments, such as vacancies,...
Gross Rent
One of the fundamental terms you’ll come across in property management finances is gross rent. This blog post will provide a straightforward explanation of what gross rent is, why it matters, and how you can use it in...
Ground Lease
A ground lease, also known as a land lease, is a long-term agreement where a tenant leases land from a landowner but retains ownership rights over any buildings or structures erected on the property. This type of lease...
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HOA Architectural Guidelines
Homeowners Associations (HOAs) play an important role in maintaining the aesthetic and structural integrity of residential communities. One of the key tools they use to do that is architectural guidelines. These guidelines make sure that any modifications or...
HOA Fees
Whether you manage a single unit in a condo complex or multiple properties across HOA-governed communities, HOA fees are part of the equation. In this post, we’ll break down what HOA fees are, what they typically cover, how...
HOA Reserve Fund
If you manage rental properties within a homeowners association (HOA), understanding the HOA reserve fund is more than a financial detail—it’s essential to keeping your operations smooth and your residents satisfied. In this post, we’ll break down what...
HOA Violations
Managing properties in communities governed by homeowners associations (HOAs) means balancing resident experience with community rules. HOA violations are a common—and sometimes frustrating—part of that process. Whether you manage one unit or an entire portfolio, understanding how HOA...
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Landlord Insurance
When you’re managing rental properties—whether it’s one unit or an entire portfolio—insurance isn’t just a box to check. It’s a safety net that protects property owners from the financial fallout of accidents, damage, or legal claims. And for...
Lease Agreement
The lease agreement is the foundation of any rental relationship. Whether you’re managing a single unit or hundreds of doors, the lease defines the terms, responsibilities, and protections for both landlords and tenants. A strong lease sets expectations...
Lease Option
Lease options aren’t as common as traditional lease agreements, but when they show up, they require a closer look. Whether you’re managing a rental for a property owner or working with a tenant interested in long-term flexibility, understanding...
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Market Rent
Setting the right rent price is one of the most important things a property manager does—and getting it wrong can have real consequences. Price a unit too high, and you risk long vacancies. Too low, and you leave...
Modified Gross Lease
As a residential property manager, you’ll encounter various types of leases during your career. One of the lease types you may come across is the modified gross lease. But what exactly is a modified gross lease, and how...
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Net Lease
As a residential property manager, navigating various lease types is part of your everyday responsibilities. One such lease structure you might encounter, even in predominantly residential settings, is the net lease. While net leases are typically associated with...
NNN Lease
If you’re a property manager, you might have stumbled upon the term NNN lease (Triple Net Lease) in real estate. Although these leases are more common for commercial properties, they can also be applied to residential ones. Embracing...
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Pet Addendum to Lease
As a property manager, you need to keep rental agreements clear, fair, and legally sound. The same holds true for pet addendums. Introducing a pet addendum can save you a lot of headache by outlining the expectations, responsibilities,...
Pet Deposit
With the growing trend of pet-friendly rental homes and apartments, understanding pet deposits is becoming increasingly important for property managers. Pet deposits not only help protect the property but also offer property managers financial security in case of...
Pet Screening
As more renters seek homes that welcome their furry companions, property managers face the challenge of balancing pet-friendly policies with the need to protect their properties. Pet screening is the tool that makes this balance possible. But what...
Property Management Chart of Accounts
As a property manager, there’s a few must-have tools to help you keep your finances in order. Perhaps the most fundamental one is a chart of accounts. Whatever types of properties you manage, a well-structured chart of accounts...
Property Management Insurance
As a property manager, your top priority is to keep the properties you manage safe and secure. Whether you oversee a single rental unit or a portfolio of properties, the risks associated with property management can be significant....
Property Management Software
Managing residential properties means quickly shifting between responsibilities. From collecting rent and handling maintenance requests to tracking tenant information and staying on top of leases, there’s a lot on your plate. This is where property management software comes...
Property Management Trust Account
As a property manager, it falls on you to keep financial transactions between tenants and property owners transparent and professional. One useful tool to help with this responsibility is a property management trust account. While it may sound...
Property Manager
If you’re a rental property owner—or you’re managing on behalf of one—you’ve likely heard of a property manager. But what exactly do they do? And how do they fit into the day-to-day operations of rental real estate? Whether...
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Rent Guarantee Insurance
Renting out property always comes with a level of risk—especially when it comes to timely rent payments. Even the most thoroughly screened tenant can fall on hard times, and when that happens, missed rent can disrupt cash flow,...
Rent Roll
In property management, few documents offer as much insight at a glance as the rent roll. Whether you’re evaluating a single building or a full portfolio, the rent roll acts as a living snapshot of income, occupancy, and...
Rent Schedule
Tracking rent payments is essential—but tracking when, how much, and for which units rent is due? That’s where the rent schedule comes in. Whether you manage one property or a growing portfolio, a rent schedule helps you stay...
Rental Agreement
If you’re managing rental property, one of the most important tools you’ll use every day is the rental agreement. It’s the legal foundation of the landlord-tenant relationship, setting expectations, protecting both parties, and giving you something to point...
Rental Income
Whether you’re managing a single rental unit or a growing portfolio, rental income is the foundation of your business. It’s the money that keeps properties operational, covers expenses, and delivers returns to owners. And while the concept might...
Rental Occupancy Rate
When you’re evaluating the health of a rental property—or an entire portfolio—few metrics matter more than rental occupancy rate. It’s a simple number with serious implications for revenue, operations, and owner satisfaction. In this post, we’ll explain what...
Rental Property Management Software
Managing rental property comes with a long list of responsibilities—rent collection, maintenance requests, accounting, leasing, and resident communication, just to name a few. Doing it all manually, or with a patchwork of tools, can lead to inefficiencies, missed...
Renters Insurance
As a property manager or rental owner, you likely have insurance that protects the property itself—but what about your tenants? What happens if a kitchen fire damages their belongings, or a guest trips in their unit? That’s where...
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Security Deposit
When a tenant signs a lease, they’re committing to pay rent and take care of the unit they occupy. But what happens if there’s damage, unpaid rent, or a broken lease? That’s where the security deposit comes into...
Security Deposit Account
As a property manager, handling security deposits properly is one of your most important responsibilities that spans the entirety of a lease. These deposits play a significant role in the landlord-tenant relationship, and managing them well can foster...
Sublease
As a property manager, you play an important role in keeping tenants happy and taking care of the property. One concept that often confuses newcomers is the sublease. Understanding subleases is important since these arrangements can influence tenant...
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Tenant Background Check
Selecting the right tenants is one of the most important jobs you have as a property manager. Tenant background checks are a key part of this decision-making process. They offer valuable insights into an applicant’s behavior and reliability,...
Tenant Portal
A tenant portal is a tool that can help property managers find ways to increase efficiency and improve tenant satisfaction, but the trick is finding the right service or software that makes it easy to set up reliable...
Tenant Screening
Tenant screening is an important part of property management leasing. Without it, you risk facing problems such as late payments, property damage, or legal issues. But property managers need to strike a balance between thorough screening and fast...
Tenant Turnover
Tenant turnover is a significant challenge for residential property managers. It’s a natural part of property management, but with the right strategies, you can manage it effectively. Understanding the causes, impacts, and ways to minimize turnover will help...
Triple Net Lease
Also see: NNN Lease As a residential property manager, you’re likely familiar with the ins and outs of rental agreements and lease structures for homes and apartments. But what happens when you encounter a different type of lease,...
Turnkey Property
As a property manager, you always look for ways to simplify operations and boost your portfolio’s profitability. One investment option that could make this easier is the turnkey property. But what does “turnkey” mean in real estate, and...
Turnover Rate
As a property manager, one metric that plays a major role in the success of your rental operations is the turnover rate. Turnover rate can significantly impact your finances and operations regardless of the types of properties in...
