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Tim Wehner is a former president of the National Association of Residential Property Managers (NARPM ). While hes no longer on the National Board of Directors, his experience in property management and expertise on all things NARPM make him a valuable source of information. Start us off right, Tim! Tim : Absolutely.
As a property manager, you already know that, to find new clients and tenants, youll have to meet them where they are. Let’s dive into some social media strategies for property management to help you broaden your reach and better engage with your audience.
If you put the tips in this article into action, you will use AI tools to draft emails, letters, social media posts and listing descriptions better than 99% of property managers. Where to use AI in property management The great thing about AI is that if you can use it for one application, you can use it for many.
In your search for a new home, youre bound to come across samey-looking spaces, like a townhouse vs. apartment. This article will walk you through their key differences, compare their costs across a few neighborhoods, and share tips for choosing between the two. Content of This Article What is a Townhouse vs Apartment?
Digital marketing might just be the most common and accessible way that property managers can reach prospective owners and tenants. The Importance of Digital Marketing in Property Management When property owners and renters begin their search for management or a rental unit, they usually start online.
In the following article, we will explore whether landlords can legally impose a pet deposit for assistance animals and discuss the legal framework that safeguards these vital companions. Compliance and Standards Landlords must ensure they comply with FHA and HUD guidelines while maintaining their property standards.
These companies provide a way for individuals to invest in real estate without directly managing properties. ”this article will walk you through everything you need to know. Mortgage REITs : Invest in property mortgages and earn from interest payments. Multi-family : Apartment buildings or residential complexes.
Are you considering moving and thinking, “What do I need to get an apartment?” In this article, well guide you through virtually everything you need to secure your new rental home. What Do You Need to Get an Apartment? Property managers and landlords need to see that you can comfortably cover your monthly rent.
As property markets evolve, the competition for tenants becomes fiercer, making it essential for landlords to master the art of maximizing visibility for their rental property listings. Choosing the Right Platforms Today,online platformshave become the go-to spaces for property hunting. Need a Lease Agreement?
Property management and the essential role of policies, written communication and procedures for the year ahead. By The Fair Housing Institute As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence.
Smoking in apartments is a contentious issue that has caused many disputes between landlords and tenants. In addition, landlords may prohibit smoking under the rental agreement and an apartment smoker will face consequences should they ever break the rules. Smoking in Apartments and Tenants’ Rights Can I smoke in my apartment?
As the new year begins, property management professionals have the opportunity to reflect on foundational practices that ensure both compliance and operational excellence. This article explores the essential role of policies and written responses, offering a timely reminder to recalibrate for the year ahead.
Original article What is the Corporate Transparency Act? To get you the best information possible, we spoke to Joe Riter, senior manager of public policy at the National Apartment Associations (NAA) Government Affairs department. This article covers where that leaves you and what you can do to avoid penalties.
In this article, we’ll explain what vacancy loss is and why it matters, how to calculate it, its common causes and solutions, and even answer frequently asked questions. It can make your property less valuable, increase your expenses, and make it harder to attract tenants. You need to steer the ship, and quickly–but how?
This pause gives businesses a temporary break from the reporting requirements discussed in this article. What follows is our article in its original form. By that time, property management business owners should be ready to go. This article covers where that leaves you and what you can do to avoid penalties.
Technology has fundamentally reshaped the way property managers and their staff interact with residents. With new advancements in artificial intelligence (AI), many tools that properties use for payments and resident communication are being upgraded.
Nationwide in 2024, 39% of Apartment List users searched for their next rental in a new metropolitan area, while 25% considered a new state entirely, according to Apartment Lists annual renter migration study. Read the full article here and select your location to see results. and Phoenix with 5.7%.
Are you in need of a property management company to manage your rental properties? RELATED ARTICLES: Why Decline A Tenant And How To Do It The Right Way Can Tenants Get The Boot When Smoking In Apartments? Meanwhile, others are convenient for both parties and no longer require them to meet physically.
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. For those of you who manage single-family homes, hang on!
But what if someone was living in your property without you even knowing? 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. As our rental property management in Northern Virginia can tell you, phrogging is a real problem.
Article Contents Key Features of a Duplex Benefits of Investing in Duplexes Tips for Buying and Renting Out a Duplex Key Features of a Duplex What is a duplex, anyway? property management companies often manage duplexes, so we can walk you through the biggest features that differentiate this multi-family property from other housing types.
This article will answer all those questions. Also, it covers legal defense costs if you’re sued for property damage or bodily injury caused to others. While its not legally required, many experienced and tenant-focused property management companies in Philadelphia may require it for their rentals. Let’s get started.
Furnished Finder Fees: What You Need to Know as a Property Owner By The Hospitable Team OTAs Looking for a way to fill the gaps in your Airbnb booking calendar during a shoulder season? Depending on where your STR property is located, a smart decision may be to experiment with hosting guests mid-term. Sign up now!
When you moved into your apartment, you doubtlessly did a thorough walk-through to make sure everything was in good shape. In this article, well break down the typical timeframes for replacements and repairs, the factors that can affect these timelines, and who is responsible for appliance-related issues in the first place.
NARPM’s research shows that top property management companies have RTMs as 65% of their workforce. In this article, we’re going to teach you what you need to get started with hiring RTMs and skyrocketing your profits. And a specialized employee in property management is going to earn even more. you need to train them on it.
As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations. Occupancy limits are a fundamental tool used to ensure the safety, comfort, and well-being of residents while safeguarding property integrity.
Smoking and housing policies often intersect in ways that raise questions about resident rights and property management responsibilities. While marijuana use for medical purposes introduces its own complexities, this article will focus specifically on cigarette smoking and how the FHA applies in these cases.
For some, this may mean working out more often or starting a new hobby, but for otherslandlords and property managersit means organizing finances and preparing for the upcoming tax season. Luckily, theres an easy answer: Property management accounting software. But which option is the best landlord accounting software for you?
Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. Lets dive in!
Key Takeaways from the Article Paying Rent Can Prevent Eviction If You Act Fast : Receiving an eviction notice doesnt always mean you have to leave. Its the landlords way of saying, If this issue doesnt get resolvedlike paying overdue rent or addressing a lease violationI might have to take legal steps to remove you from the rental property.
Living with other people can provide unique difficulties, whether you’re a recent college graduate moving into your first apartment with roommates or considering a long-term arrangement in your rental home. This article presents five tips for creating a harmonious living situation with your housemates.
It is essentially a new lease for the same property. This is to avoid confusion and prevent the landlord from returning the property to the market. It’s possible to forget, especially when the landlord has multiple properties and tenants. Do I Need Proof of Income to Renew Apartment Lease? What is a Lease Renewal?
As a property management company owner, the recent NAR lawsuit might have you questioning your next moves. This isn’t just another headline; it’s a game changer for how we manage properties and comply with new regulations. That means vacancies will be harder to fill.
Landlords often screen potential tenants before they rent out property. While high credit scores are preferable for most landlords, tenants do not need an unreasonably high score just to rent a property. This process can be taxing for individual property owners. Do you need a rental property management company?
Landlords have numerous responsibilities when it comes to running a rental property. One of the most important is rental property maintenance. Why Is Rental Property Maintenance Important? Property maintenance for rentals is crucial for several reasons. Finally, rental property maintenance is often required by the law.
Streamlining Multi-Unit Rental Management with AdvanceCM Managing multiple rental units efficiently is essential for property managers handling large-scale operations. This setup is ideal for properties such as hotels, apartment complexes, and vacation rental portfolios with identical listings. Need further assistance?
Managing rental properties in Columbus can be incredibly rewarding, but even small missteps can snowball into expensive problems. Because even small screening and lease agreement mistakes can cost you thousands in lost rent, legal fees, and property damage, not to mention time, stress, and lost sleep. Just as important?
One way for real estate investors to maximize their return on investment is by leveraging equity or using the value of their assets to secure financing for additional properties. The safest and most financially wise strategy for leveraging equity is to use that equity to buy an income-producing hard asset like a rental property.
In this article, you will find the most common lease violation types. Residents will gain helpful tips to prevent violations, while property owners can learn proactive ways to address them while building strong resident relationships. Lease terms must be reasonable, as unreasonable terms could create legal risks for property owners.
If this sounds familiar, you might assume property management software is just another expense eating into your profits. This article will investigate the true value of property management software, including its uses and benefits for landlords of all sizes (financial and otherwise). What is Property Management Software?
If this sounds familiar, you might assume property management software is just another expense eating into your profits. This article will investigate the true value of property management software, including its uses and benefits for landlords of all sizes (financial and otherwise). What is Property Management Software?
Navigating the legalities of marijuana use within property management is an ongoing challenge as states increasingly adopt diverse regulations. This variance between state and federal laws places property managers in a complex position, tasked with adhering to legal requirements while addressing the needs and rights of residents.
What are the most important things to know about finding and buying apartment building insurance to protect your investment? By Andres Dominguez III As an owner of a multi-family apartment complex, you are exposed to different risks than a traditional single-family homeowner. What Type of Insurance Do Apartment Buildings Need?
Which of them is a better option for listing your vacation rental property? In this blog post, well compare Expedia vs. Booking.com and talk about how they differ and what they offer for short-term rental hosts and property managers. Booking.com to see how these OTA platforms differ and what each offers for vacation rental hosts.
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