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2024 Annual Rental Housing Report Key Takeaways

Rental Choice

Annual Rental Housing Report Key Takeaways The Joint Center for Housing Studies of Harvard University annually releases a report regarding the country’s rental housing market. The 2024 America’s Rental Housing Report has several notable trends and key takeaways. This is unhelpful to cost-burdened renters.

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What Is GCI (Gross Commission Income) In Real Estate?

Bay Property Management Group

As experts in rental property management in Northern Virginia , we can tell you that the Gross Commission Income (GCI) is simply the money agents make from real estate transactions. That said, for commercial properties, commissions vary: Under $1 million: 4-8% Over $1 million: 1-3% or a flat fee instead of a percentage.

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HVAC Preventative Maintenance for Single-Family Rental Properties

Lula

According to our 2024 HVAC maintenance data, 26% of preventative maintenance calls prevented an emergency HVAC call. According to another energy study , planned maintenance can reduce HVAC system costs by as much as 25-30%, providing peace of mind for property managers, owners, and tenants.

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Essential Airbnb Hosting Tools

Thanks For Visiting

Dive Into Our Essential Airbnb Hosting Tools for Success in 2024! For years, I juggled spreadsheets, sticky notes, and tons of caffeine to manage my Airbnb. It simplifies financial management and provides you with tools for host management. These are the Airbnb tools we can’t live without! Sound familiar?

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10 Property Management Goals to Set for the Year (with examples)

Second Nature

Stephen Coveys 2nd habit is Begin with The End in Mind, the principles of which should be applied to your property management strategies as a single-family rental property manager. This is especially true now as we enter 2024 with an industry that continues to evolve.

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Simplify Management and Maximize Returns on Your Vacation Rentals Today

Property Management Inc.

The vacation rental industry is growing rapidly, with more competition and evolving guest expectations making the task even more challenging. But with the right strategies, you can simplify your vacation rental property management process while significantly boosting your vacation rental profitability.

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7 Must-Know Trends in Single-Family Rentals for 2024

Propertyware

Rental market trends were driven largely by inflation, shifting demographics, scarcity in housing, and a rise in the cost of just about everything. Those trends, however, didn’t necessarily spell bad news for single-family rentals, and as we leave 2023 behind, single-families are well-positioned to remain strong in 2024.