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Tag: Self-manage rental property

10 Best Practices for Successful Airbnb Property Management

Posted on May 1, 2023

Being a successful Airbnb property owner takes more than just opening up your home to guests. It requires a balancing act between providing a positive and comfortable guest experience while also ensuring…

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….

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,…

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…

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…

IRS Self Rental Rules You Need to Know

Posted on October 6, 2022

If you’re a landlord, property manager, or rental property owner, it’s important to be aware of the IRS self rental rules. These rules dictate how rental income and expenses are reported on…

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…

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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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