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Tag: DIY lanldord

10 Steps to Expertly Self-Manage Rental Property

Posted on April 3, 2023

Are you a landlord looking to self-manage your long-term or short-term rental (STR) property? Self-management may sound intimidating, but with the right knowledge and strategies, it can be an incredibly rewarding experience….

DIY Landlords: Are You Ready To Tackle the Challenges of Self-Management?

Posted on January 12, 2023

As a DIY landlord, you have the unique opportunity to self-manage your own rental property. But before diving headfirst into the DIY approach, it’s important to understand the pros and cons of…

Should I Manage My Own Rental Property: Weighing the Pros and Cons

Posted on August 11, 2022

You’re thinking of renting out a property you own – either your home while you’re away, or a rental that you’ve recently purchased. But should you manage the property yourself, or hire…

Managing Your Own Rental Property: Is It Right For You?

Posted on July 20, 2022

Are you considering becoming a landlord? It can be a very profitable endeavor, but it’s not without its share of challenges. In this post, we’ll take a look at some of the…

Self-Managing Rental Property: What You Need to Know

Posted on July 8, 2022

As a landlord, you’re in charge of maintaining your rental property—and that includes keeping it rented out! But how do you know if self-managing is the right option for you? In this…

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Learn

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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