Property Management Software

  When it comes times for your tenants to move out, landlords and property managers must decide if they can return the entire security deposit or not. 1 in 4 tenants say they did not receive the amount of return they were expecting. So, what is the deal? Full Security Deposit Refund Believe it or not, most property management companies want to return the full deposit to the tenant. Why? Because it would mean that the property was left in the same condition it started in. That’s good for the property management company as well as the property owner . But the fact is some tenants do cause damage or leave the property in a state that requires some work to be done for the property to be “move in” ready. Wear & Tear Vs Damage States have established laws to help define what is wear and tear vs damage. In general, property management companies can deduct damages from the tenant’s security deposit . Here are some examples: Wear And Tear Minor nick...

While some amenities seem to be a little over the top, there are those amenities that provide a decent ROI and have since grown into best standards among property owners. As property owners and managers , what amenities should you add? It’s best to consider the upfront costs versus the value it brings in. Some amenities may flop but others may succeed above your expectations. What are some of the top amenities that other property owners recommend? Fitness Fitness centers are pretty much a must-have Fitness related amenities were among the highest ranked in terms of % of residents that are willing to pay more for such amenities. Interior Units with washer and dryerssee a higher return as well as those properties with high-end appliances and hardwood floors A recent study found that residents would pay approx. $75more or hardwood floors, $50 for a balcony and $30 more for properties with granite countertops. WhichAmenities IncreaseYour Bottom...