Remove 2022 Remove Property Remove Rental Property
article thumbnail

Fire insurance 101: What landlords & property managers need to know

Buildium

In 2022, the most recent statistics the U.S. As a property manager, there are plenty of measures you can take to prevent fires at your owners propertiesregular inspection and maintenance of smoke detectors and fire extinguishers, tenant education on fire hazards, updating electrical systems and appliances, to name a few.

Insurance 246
article thumbnail

How bonus depreciation can save your property management company money

Buildium

Lets take a look at what bonus depreciation actually means for property managers, what qualifies for a deduction, and the easiest way to start saving. In the eyes of the IRS, many assets, including rental properties, depreciate over time due to wear and tear, along with other factors. What Is Depreciation in Real Estate?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Property Manager’s Guide to Rental Property Laundry

Lula

Enhancing Rental Properties with Efficient Laundry Facilities When I was viewing my current apartment for the first time, before I had even seen a rental agreement, I was elated to learn that use of the onsite laundry facility was provided free of charge. Failing to do so can lead to disgruntled tenants or costly repairs.

article thumbnail

Rental Properties Seasonal Maintenance Tips from Seattle Management

Real Property Associates

Updated October 28, 2022. Maintaining your rental property year-round is essential for protecting your investment and maximizing its profitability. Seasonal upkeep not only ensures your property remains in excellent condition but also helps create a safe and appealing environment for residents.

article thumbnail

What is the Average Cash Flow on a Rental Property?

American Apartment Owners Association

The first step towards creating income through real estate is to invest in rental properties that generate a positive cash flow properties where more revenue is coming in than going out every month. Negative cash flow occurs when a rental property investment is costing a real estate investor more money than its generating.

article thumbnail

Tenant Retention 101: Essential Tips for Property Managers

BetterWho

High turnover can drain your finances and disrupt your property management workflow. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., in 2022, which is much better than the average of 19.5%.

article thumbnail

The 5 best rental markets in Texas for investors & property managers in 2025

Buildium

Texas Rental Market Trends in 2025 With its robust economic growth, diverse population, and thriving job market, the state of Texas has attracted countless new residents and businesses in recent years. Wichita Falls, Texas Rental Market Statistics Rental Inventory (Q2-24): 6,565 Units Added Since Q2-23: +216 Asking Rent Growth Since Q2-23: 2.3%