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Residential Property Maintenance Metrics and Improving NOI (with Ray Hespen)

Fourandhalf

The last time he was on the podcast, in late 2023, his team was just beginning to establish this concept of maintenance analytics. No one wants to turn a property when maintenance costs are higher and rents are holding or even compressing. With rents not rising but maintenance costs going up, is the 12 percent rule still accurate?

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Tips to Minimize Tenant Turnover

American Apartment Owners Association

Accordingto a report from Zego, the average cost of turning over a rental unit was $3,872 in 2023. Free Rental Application Get 20 Rental Forms for FREE, including a rental application. With renting being 40% cheaper than owning on average, ensure your pricing remains attractive.

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6 must-know industry trends for small property managers

Buildium

However, the pace of growth has slowed since 2023, with a majority of businesses planning to expand their portfolios by 25% or less over the next two years. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. In 2024, tenant quality emerged as the #1 concern for property management companies.

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Fair Housing in Practice: Dos and Don’ts for DC Property Owners 2023

Nest DC

Fair treatment of tenants doesn’t just start at the time of reviewing an application; it starts with your rental listing going live. While fair housing covers every aspect of renting, it’s during the marketing and application screening phases that we see the most mistakes. great schools!” Want some more resources?

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Sites like Airbnb: main competitors and their differences

Rentals United

Their inventory is carefully curated and they only accept 3% of the applications they receive, which means only the finest quality homes can get listed on Plum Guide. If you think your luxury properties fit the bill, Rentals United can help fast-track your application. Get listed on Google 8. Get listed on Plum Guide 9.

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Authority Property Management Monthly Newsletter - August 2023

Authority Property Management

During Covid, we saw elevated rent prices and super low inventory. On average, these tenants are evaluating approximately three units before submitting their applications. ���� Rent prices are undergoing a softening phase, aligning with the trend of mindful decision-making. .

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Authority Property Management Monthly Newsletter - October 2023

Authority Property Management

Applications and Rentals: September was buzzing at our desks, with a whopping 140 applications processed. This fervor culminated in successfully renting out 31 properties. Your trust and our dedication have borne fruit, and projections for October look even more promising at 5.5%!