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Tag: Tenant screening

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…

Attracting Quality Tenants During a Recessionary Period

Posted on February 6, 2023

Are you in search of ways to attract quality tenants despite the current recessionary period? If so, we’ve got you covered! In this article, we’ll walk through the steps for identifying quality…

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,…

9 Benefits of Using a Property Management Company

Posted on January 5, 2023

Are you considering hiring a property management company to oversee your rental properties? There are lots of benefits to using a professional, experienced property manager. From streamlining the rental process and increasing…

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…

Ten Essential Tips for Screening Tenants

Posted on December 15, 2022

As a landlord or property manager, you know that tenant screening is an essential part of managing a rental property. Choosing the right tenant can be the difference between a successful tenancy…

Top Tips for Setting the Right Rental Price

Posted on November 10, 2022

As a rental property owner, you always want to ensure you get the most out of your investment. One way to do this is to make sure you are charging a competitive…

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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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