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Boost Your Rental Income These Apps

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Skyrocket Your Rental Income With Our Favorite Airbnb Automation Apps As an Airbnb host, you know time is precious. This frees you to concentrate on what matters: growing your rental business. This guide explores seven top Airbnb automation apps for 2024 to improve short-term rental management. Check it out now!

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6 Benefits of Owning A Home in Philadelphia

Bay Property Management Group

Rental Income Potential in Philadelphia If you’re an investor, Philadelphia’s rental market has promising opportunities to generate rental income. As of 2024, the average monthly rent in Philadelphia is approximately $1,625.

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Can You Deduct Your Own Labor on a Rental Property, Answered

Bay Property Management Group

Travel and Mileage Deductions If you drive to your rental property for inspections, repairs, or meetings, you can deduct mileage, gas, and other travel-related expenses from your tax load. And heres a bonus the IRS mileage rate for business use was 67 cents per mile in 2024 and went up to 70 cents per mile in 2025.

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Best Cities for Real Estate Investment by GRM (Price/Rent Ratio) in Q4 2024

SparkRental

The Big Picture On The Best Cities for Real Estate Investment By GRM: As of the start of Q4 2024, the national average GRM in the U.S. Cities with lower GRMs often present better investment opportunities, as they suggest higher rental income relative to property prices, enhancing potential returns. By the end of Q3 2024, U.S.

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Rental Yield: What It Is and How It’s Calculated

Bay Property Management Group

Formula: (Annual Rent Annual Expenses) Property Price) 100 Calculation: ($30,000 $5,000) $500,000) 100 $25,000 $500,000 100 = 5% So, after expenses, your net rental yield is 5%. rental yields vary based on location, property type, and market conditions. On average, gross rental yields sit around 6.1% as of 2024.

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The Return of the Accidental Landlord in 2024

Authority Property Management

Here are some reasons people find themselves in this role: Work relocation Inherited property Can’t sell due to market conditions Decided to downsize or upsize and keep the old place as a rental Suddenly, you're a landlord—without even planning it. Wrap Up So, here we are in 2024, and accidental landlords are on the rise. So, now what?

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August 2024 Newsletter:

Authority Property Management

Thriving Redding Rentals: August Market Insights Welcome to our August 2024 rental market update! Market Update: Sustained High Demand and Low Vacancy Rates Our rental market remains robust, with a current vacancy rate of just 5.3% across our portfolio, compared to the county average of slightly over 7%.