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Despite shifting market conditions, the property management industry continues to grow at a stellar rate. According to Buildiums 2025 Property Management Industry Report , 82% of the management companies we surveyed experienced portfolio growth within the last two years. And 91% of property managers told us they plan to expand their portfolios in the next two years.
Handling a noise complaint is one of the biggest challenges for property managers. Excessive noise can disrupt the peace in rental properties, whether it is loud music, barking dogs, or noisy late-night gatherings. If the noise complaints are unresolved, it can lead to lease violations, disputes among residents, and even legal consequences if they conflict with local noise ordinances.
Does it surprise you to think that self storage operators are in sales as much as any car dealer? The facility management business model is obviously very, very different, but youre still selling a service and a product. While it might be initially uncomfortable to think of yourself as a salesperson, the more comfortable you are with the idea, the easier it will be to shed negative ideas of the sales industry.
Property management software is no longer a luxury. The majority of property managers and management companies would agree that it is now a necessity. Condo and HOA software has evolved so much over the past few years. SaaS companies have paid close attention to the needs of property managers, and the trends impacting community associations. As a result, software systems are far more thoughtful, comprehensive, and user-friendly.
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
You may have missed a rent payment or violated your lease, and now the issue has escalated. Your landlord has served you with a notice to quit, and you don’t know what in the world you should do. As stressful a time as this may be, it’s important to get all your facts straight so you can have a clear path forward. So, in this article, well break down what a notice to quit in PA is, when landlords can issue one, and what happens after its served.
Frozen pipes, roof damage, and ice dams are all unpleasant side effects of winter. As the weather gets warmer, property managers need to spring into action to ensure that their properties are in the best shape possible. (See what we did there.) Even if your properties havent experienced an especially cold winter, youll want to use this time to prepare for whatever weather events lies ahead, be those heavy rains, the beginning of drier wildfire-prone months, or tornado season.
Frozen pipes, roof damage, and ice dams are all unpleasant side effects of winter. As the weather gets warmer, property managers need to spring into action to ensure that their properties are in the best shape possible. (See what we did there.) Even if your properties havent experienced an especially cold winter, youll want to use this time to prepare for whatever weather events lies ahead, be those heavy rains, the beginning of drier wildfire-prone months, or tornado season.
Pursuing a career in real estate doesnt always mean becoming a realtor or selling homes. One lesser-known yet promising avenue is working with Real Estate Investment Trusts, commonly known as REITs. These companies provide a way for individuals to invest in real estate without directly managing properties. If youre asking yourself, “Are real estate investment trusts a good career path?
Did you know Yardi Breeze features a notetaking tool that helps you track unexpected events? Its called the Activity Feed. This tool lets you add notes right to your calendar, and it organizes everything you write in one convenient report.This article will show you how to add, find and keep track of information. There are many ways to use it, and we dont want you to miss any of them.
If you’ve ever asked, “What is KPI in property management?” you’re not alone. KPI stands for Key Performance Indicator , and in the property management business, its your north star. These metrics are how successful property managers track progress, identify weaknesses, and make data-driven decisions. From improving tenant satisfaction to increasing profitability, KPIs are the foundation of success for any property management company.
Taxes are serious business. As an investor, you already know that if you’re not careful, taxes can quietly take a big bite out of your returns. But with the right knowledge and strategy, you can stay aheadand maybe even lower your tax burden altogether. Thats probably why you’re asking the big question: What states dont have property tax?
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Navigating the complexities of real estate investment can be daunting, especially when it comes to tax deferral strategies like the 1031 exchange. This powerful tool allows property managers and investors to defer capital gains taxes by reinvesting the proceeds from the sale of an investment property into a like-kind property. In this blog post, we’ll take you step by step through the 1031 exchange timeline, highlighting the critical dates and actions you need to keep in mind to ensure a s
From tracking rent payments and expenses to handling invoices and bank reconciliation, your accounting practices can make or break your efficiency. Lets dive into four essential practicesautomated payables, pre-set approval rules, batch management, and bank reconciliationto see if you are making your business easier or harder. Automated Payables: Are You Avoiding Late Payments and Errors?
In this tenant screening video roundup, youll have all the expert guidance you need to accurately and legally screen prospective tenants. These five videos contain everything you need to know as a landlord or property manager about tenant screening from start to finish. Vacancies may be a cash-flow killer, but choosing the wrong tenant for […] The post The Comprehensive Guide to Tenant Screening | Video Roundup appeared first on Rentec Direct Blog.
People probably arent going to rent your home in Colorado Springs just because its close to their favorite pizzeria. But, that kind of location flex certainly cant hurt. You dont have to be a real estate investment expert to understand the importance of location. The neighborhood of your rental property has a huge impact on who wants to rent that home, how much theyre willing to pay, and whether theyll stay in place and renew their lease agreement year after year.
Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. But what is a ground lease, and is it the right move for your project? In this guide, we break down what a ground lease really means, how it works, the pros and cons for both the investing tenants and landlords, and the key thing
In any homeowners association (HOA), maintenance goes beyond mowing lawns or cleaning sidewalksits about creating a community that feels safe, cared for, and well-managed. When tasks are completed on time, you avoid costly repairs and keep residents happy by maintaining the spaces they rely on. But if projects are delayed or poorly communicated, frustration builds (and so do the complaints).
Reading Time: 7 minutes Following a surge in pet ownership, the demand for dog-friendly holiday cottages continues to grow as more Brits choose to holiday in the UK with their four-legged friends. With one in three families owning a dog, theres a huge opportunity for holiday let owners to maximise bookings and boost their earnings by becoming dog-friendly.
If you are a landlord or property manager, a simple spring resident event is a great way to kick off the change of seasons. As spring weather arrives, there is no better time to start planning an outdoor resident event. From an egg hunt to an outdoor painting party, there are plenty of ways to […] The post Fun and Simple Spring Resident Event Ideas |Infographic appeared first on Rentec Direct Blog.
With over 400 million total visits , Booking.com is one of the biggest online travel agencies in the world. The Amsterdam-based company particularly popular with Europeans originally focused on hotels, and now boasts an ever-growing inventory of vacation rentals. Listing your vacation rentals on platforms like Booking.com is essential in an increasingly competitive market, and tools like Rentals United make it easy.
Most landlords worry about chasing late rent, getting repairs done, or dealing with difficult tenants. But what if someone was living in your property without you even knowing? Believe it or not, this strange situation has a name. It’s called phrogging. And yes, its more common than you’d think. In this article, well walk you through exactly what phrogging is, when it happens, what signs to watch for, and how to keep your property safe.
March saw national rents rise slightly for the second month in a row, according to Apartment Lists April report. While the last two months have seen some rent increases, overall national year-over-year growth remains negative at -0.4 percent. But it is slowly inching back toward positive territory the report says. Year-over-year rent growth has now been negative since June 2023, but in recent months, there are signs that a return to positive growth is on the horizon.
Did you know that the average office employee receives about 120 emails every business day !? The average board member may get twice as many emails as that (if not more). Though it may be a bit overwhelming, this high number demonstrates the importance of electronic communication. The alternative is much worse. Can you imagine a board member trying to sift through and respond to 200 handwritten letters or notes each day?
A tenant portal gives renters an easy way to connect with their landlord or property manager to pay their rent online, submit maintenance requests, and review property notices. Tenant portals are an included feature provided by property management software platforms, like Rentec Direct, and act as a tool to improve landlord-tenant relationships and enhance renter […] The post Enhance Your Renter Relationships With the Rentec Direct Tenant Portal appeared first on Rentec Direct Blog.
From major OTAs like Booking.com to niche platforms like Plum Guide, as a property manager you have a world of options beyond Airbnb to expand your reach and maximize bookings. Although Airbnb remains one of the most influential platforms in the short-term rental market, boasting over 1.5 billion guest check-ins to date, relying solely on Airbnb is no longer a sustainable strategy.
Thinking about investing in real estate but not sure whether to go for a condo or a duplex? Its a pretty common question condo vs. duplex. Which ones better? The truth is, both have their own perks (and a few downsides), so it really depends on what youre going for. In this guide, well break it all down in simple termswhat makes them different, the pros and cons of each, and how to figure out which ones the right move for you.
Embracing pet inclusivity is more than just a kind gesture for rental housing providersits a smart business move as pet-including housing increases retention and improves financial performance. By Michelson Found Animals For rental housing providers, embracing pet inclusivity is more than just a kind gestureits a smart business move that fosters community, increases retention, and improves financial performance.
As government policies, corporate expansions, and infrastructure investments continue to evolve, economic incentives play a crucial role in shaping business decisions. But how do companies navigate the complex landscape of incentives, and what trends are shaping the future?
While important for everyone, spring cleaning for tenants isn’t just about keeping your space welcoming and enjoyable. A properly cared-for rental is far less likely to raise red flags during inspections or move-out. By tackling overlooked areas and refreshing your space this spring, you ensure the property remains comfortable and damage-free.
When it comes to vacation rentals, success hinges on more than just location. Even the best properties can underperform if they arent marketed well, maintained properly, or optimized for guest appeal. That was exactly the case with 1317 South Pacific Street , a stunning oceanfront triplex in Oceanside, California that wasnt reaching its full potentialuntil Haustay stepped in.
It Wasn’t Supposed to Be This Hard… You bought the property to build wealth, create freedom, or maybe just avoid selling a home you werent ready to let go of. But somewhere between chasing late rent, calling plumbers on a Saturday night, and answering resident texts during work meetings, things stopped feeling worth it. Sound familiar? Youre not alone.
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