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Tag: Landlord insurance

How To Avoid Costly Property Damage Expenses for Real Estate Investors

Posted on January 2, 2023

As a real estate investor or landlord, one of the most important things you can do is make sure your rental properties are well-managed, well-maintained and that tenant-related property damage is kept…

10 Traps To Avoid With Property Management Rentals

Posted on September 29, 2022

As a landlord, you’re always looking for ways to improve your property management and make the most of your rentals. But sometimes, in our quest for efficiency, we can fall into traps…

Rent Dwelling Policy: What You Need To Know as a Landlord

Posted on September 26, 2022

As a landlord, you want to be sure that your investment is protected in the event that something goes wrong. That’s where rent dwelling policy insurance comes in. This type of insurance…

How Does Loss of Rent Insurance Work?

Posted on August 29, 2022

Did you know that there is such a thing as loss of rent insurance? If you’re a landlord or own rental property, it’s important to understand how this type of insurance works….

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…

Why Every Landlord Needs Tenant Liability Insurance

Posted on August 1, 2022

Landlords often think that their tenants are responsible for any damage they may cause to the property – and that’s generally true. However, there are some cases where the landlord could be…

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…

How Rental Property Insurance Can Protect Your Investment

Posted on July 15, 2022

Imagine for a second that your rental property catches on fire. Not only do you have the financial burden of repairing or rebuilding the property, but you also have to find a…

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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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