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Tag: Landlord-tenant laws

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…

Make the Most of Your Investment: Learn How to Manage Residential Property

Posted on January 9, 2023

As a real estate investor, you have likely put a great deal of effort and money into your residential rental property investment. To ensure that it pays off as smoothly as possible,…

What You Need To Know Before Becoming a Landlord

Posted on December 12, 2022

You’ve been thinking about investing in rental real estate. It’s a great way to build long-term wealth, and you can be your own boss. But before you jump in, there are a…

Enforcing Lease Terms: What Landlords Need to Know

Posted on November 21, 2022

Landlords have a lot on their plate. From finding good tenants to maintaining the property, there’s always something to do. But one of the most important—and sometimes most difficult—jobs landlords have is…

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…

Property Management for Landlords: How to Screen Tenants

Posted on July 21, 2022

As a landlord, it’s important to know how to properly screen tenants. By doing so, you can minimize the risk of having bad tenants who will not pay rent or damage your…

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…

The Top Tenant Turnoffs (and How to Fix Them)

Posted on July 11, 2022

When someone is looking for a new place to live, they’re going to be sure to take note of the places that they tour. And, unfortunately, there are some things that can…

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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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