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No Downward Spiral Here: How To Manage Rental Property in a Recession

Posted on March 30, 2023

In times of economic downturn, real estate investment can seem risky. However, with the right strategies, rental property can remain profitable even during a recession. As a landlord or real estate investor,…

What To Do When Your Tenant Is Not Paying Rent

Posted on March 27, 2023

Are you a landlord trying to figure out what to do when your tenant is not paying rent? You’re not alone. Dealing with tenant non-payment of rent can be frustrating and time-consuming,…

The ABCs of Housing Laws for Landlords

Posted on March 23, 2023

Are you a landlord who wants to stay informed about housing laws? Being up-to-date on housing laws can help ensure that your rental property is managed in compliance with the law, saving…

Tenant Communication Strategies: A Guide for Landlords and Property Managers

Posted on March 20, 2023

Are you a landlord or property manager looking for strategies to communicate effectively with tenants? Communication is key to successful landlord-tenant relationships, but creating communication guidelines and maintaining positive tenant interactions can…

How To Negotiate Fair and Balanced Tenant Lease Agreements

Posted on March 16, 2023

Are you a landlord or property manager in need of tenant lease agreements? It’s important to ensure your tenant’s rights are respected and that both parties benefit from the agreement. To help…

Setting Reasonable Standards for Tenant Selection: A Guide for Landlords

Posted on March 13, 2023

Are you a landlord looking for ways to ensure that your rental property is filled with great tenants? Setting reasonable standards for tenant selection can be an arduous task, but it’s worth…

Uncovering Red Flags When Screening Prospective Tenants

Posted on March 9, 2023

Screening prospective tenants can be a tricky business. As a landlord, you must weigh the need to find good tenants with the responsibility of screening them properly to ensure they will make…

How Ensuring Tenant Satisfaction Can Maximize Your ROI

Posted on March 6, 2023

The ROI of rental properties is largely determined by ensuring tenant satisfaction. Keeping occupancy rates high and tenant turnover low are essential for landlords to maximize their income. But how do you…

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Basic Property Management provides owners and managers of rental property with the tips, tools, and techniques they need to be successful. We provide articles on a variety of topics, including how to find and screen tenants, how to negotiate leases, and how to handle repairs and maintenance. We also offer a directory of property management services and resources, so you can find everything you need in one place.

Residential

Residential real estate property management is the process of overseeing and renting out residential properties. This type of property management is different from commercial property management in a few key ways. First, residential properties are usually smaller in scale than commercial properties. Additionally, residential property managers typically work with individual tenants rather than with businesses. Finally, the leasing terms for residential rentals are usually shorter than those for commercial rentals. As a result, residential property managers must be skilled at handling a variety of tasks, from marketing and advertising vacant units to collecting rent and dealing with maintenance issues.

Commercial

Commercial real estate property management is different from residential property management in a few key ways. For one, commercial properties tend to be much larger than residential ones, so the management team has to be able to handle a larger volume of tenants. Additionally, commercial leases are usually much longer than residential leases, so the manager needs to be prepared for a longer-term commitment. Finally, commercial properties tend to have more complex financial arrangements and regulations that need to be followed. As a result, it takes a different set of skills and knowledge to effectively manage a commercial property.

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