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Since Venmo is an all-purpose payment app and isn't tailored for property management, it lacks useful rental features like automatic late fee calculation, which could create more admin work for you.
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Through its Office of Rent Administration (ORA), DHCR is responsible for administering and enforcing rent stabilization and rent control laws in New York City and other jurisdictions statewide. This includes reviewing and approving rent increases, handling tenant complaints, investigating violations, ordering corrections, and imposing penalties ...
Once a lease is in place, lease administrators continue to manage and monitor rental payments, coordinate any tenant alterations, and handle lease amendments when necessary. Depending on a corporation's departmental structure, lease administration or lease management can make up just one department under the umbrella of a corporations real ...
Make sure to document and save everything, including when you pay rent, rent receipts, written or canceled checks, and money order receipts. This information can help cancel payments or support a ...
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This model is also used in the residential space, but mostly for small units in high-demand locations. Here, the company signs a rental agreement with the owner and pays them a fixed rent. As per the agreement, the company is given the right to sublet the property for a higher rent. The company's income is the difference between the two rents.
Feb. 12—A new law regulating tenant screening fees, in an effort to protect renters and provide more transparency in the rental application process, will take effect May 1. A new law regulating ...