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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

But on the other hand, their growth expectations are, again, equivalent or greater than their expectations back in 2019 and 2020. This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. 41% will expand the services they provide.

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11 Steps to Take Before and During Leasing Season to Maximize Profit and Efficiency

Appfolio

Of course, the pandemic has changed the way the 2020 leasing season is operating, but the best practices for successful leasing remain the same. Whether you have on-site maintenance teams or work with third-party vendors, review procedures to ensure tools, supplies, and adequate staff members are available to respond to every situation.

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1099 forms for property management: Everything you need to know (2024 update)

Buildium

In 2020, the IRS began requiring businesses to report non-employee compensation in a separate form, the 1099-NEC. You also do not need to file a 1099-NEC form for any maintenance work or other services done by an incorporated business. The IRS makes (typically small) adjustments to the 1099-MISC form each year.

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3 Ways Mobile Access to Real-Time Data Helps You Maintain Business Continuity

Appfolio

For instance, on AppFolio Property Manager PLUS, you can create customizable reports , such as income, cash flow, and rent roll. From which units need emergency maintenance repairs to which units have lease renewals coming up, mobile technology can make it easier to maintain transparency and efficiency. Make More Strategic Decisions.

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Rent Control - A Solution? by Gaston Reboredo CCIM CPM

Florida Property Management

The Pros and Cons of Rent Control Policies Research by the Harvard Joint Center for Housing Studies (JCHS) found that although 6.7 Units renting for less than $800 a month declined by 2%, while units renting for $2,000 or more a month increased by a whopping 97%.

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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Under Costa-Hawkins , rent control is prohibited on: Single-family homes and condominiums. Similar propositions were defeated in 2018 and 2020.

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Maximizing Tenant Retention in Shasta County: Insights on Average Stay Durations for Real Estate Investors

Authority Property Management

Here's a breakdown of the average duration for recent years: 2020: 895 days (about 2.5 Ensuring timely maintenance, responsive communication, and a positive living experience can contribute to longer tenant stays. Offering benefits such as lease renewal bonuses or gradual rent increases can encourage tenants to stay longer.

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