This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In today’s market, the kitchen and bathroom design, look, and feel are major contributors and factors in renting and buying decisions. With more and more renters turning to class B and C properties , its never been more important for property owners and managers to stand out from the competition and keep vacancies to a minimum.
Renting to tenants who can reliably pay on time, every time. But how do apartments verify income? In this guide, well walk you through how apartments verify income, and the best strategies landlords use to make smart leasing decisions. Why Do Apartments Verify Income? So, how do you make that happen? Whats the 30% Rule?
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. Enable online rent and deposit payments.
Property management software (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances. But with so many property management tools available, how do you choose the right one? What Sets Innago Apart as the Best Property Management Software?
If you’re apartment hunting, you’ve probably asked yourself: how extensive are background checks for apartments? Landlords and property managers use them to decide who gets approved, but what exactly are they looking for? How Extensive Are Background Checks for Apartments? How Far Back Do Background Checks Go?
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.
Finding the right apartment goes beyond just liking the spaceits about knowing what to expect. Asking the right questions to ask during an apartment tour can give you a clear picture of what living there will be like. Living in an apartment comes with normal wear and tear. Lets get started! How Are Maintenance Requests Handled?
Property management marketing isn’t just about listing properties; its about creating a brand, engaging with potential tenants, and maintaining relationships with current ones. In this post, well explore the ten most common marketing mistakes property managers make and how to avoid them.
Have you ever felt like finding an apartment is more about paying fees than actually landing your dream place? The application fee for apartment can seem unfair, especially when it catches you by surprise. What Are Apartment Application Fees? As of January 2025, the highest application fee for renting in Washington, DC, is $53.
Ideally, when someone rents out a home, they’d move in the following month. Luckily, when that happens, you don’t necessarily have to pay that entire month’s rent. In other words, the tenant could pay a prorated rent, an amount that reflects the number of days you’ve lived in the rental.
Did you know that two-thirds of rental owners expect top-tier customer service from their property management company? Well cover how offering custom experiences sets you apart from the crowd, ways to provide individualization without creating more work for you, and suggestions on which services can be tailored to fit each owners needs.
But dont worrythere are still ways to rent after one, even if it feels tough. Main Takeaways Knowing exactly how to rent with an eviction on your record can seem daunting. You could rebuild your rental history with short-term rentals, use honesty as the best policy with potential landlords, rent with a co-signer, and seek legal aid.
Wondering, “what credit score do you need to rent an apartment?” Before our property management company in Washington, D.C. answers what credit score you need to rent an apartment, we need to first define what a credit score is to begin with. Before our property management company in Washington, D.C.
One of the benefits of this option is that you can rent while saving to buy the same apartment. Its a unique combination of renting and owning the property. And can a landlord break a rent-to-own contract? This guide will explain everything you need to know about rent-to-own properties.
When people set up their monthly budget, rent is usually the #1 priority, followed by utilities. That’s why some landlords bundle certain utilities with the rent. Still, what utilities are included in the rent, exactly? What Utilities Are Typically Included in the Rent? We’ll get into it below.
Rent prices are always changing, and having utilities included might seem like an easy way to keep things simple. But are utilities included in rent? Main Takeaways To know if utilities are included in the rent, your answer is simple: look at your lease (and local laws). Read below to learn more.
AB 2747 is a California rent law designed to make Rent Reporting more accessible, helping Renters build credit while setting clear guidelines for Landlords. Rent is one of the largest recurring expenses for most people, yet it has historically not been reflected in credit scores. Confirmation that Rent Reporting is optional.
Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees.
Whether its paying overdue rent, negotiating with your landlord, or exploring legal protections, taking the right steps can make all the difference. So, can you pay rent after receiving an eviction notice? Maryland law even allows tenants to redeem their lease by paying rent and late fees before the court finalizes the eviction.
Timing is everything when it comes to renting an apartment. Since rent prices typically rise and fall in predictable seasonal patterns, knowing the best time to find an apartment could save you money and unlock better options. So, when exactly is the best time to rent an apartment?
Thousands of families displaced by the fires are struggling to find housing, and in some cases, rents are spiking alarmingly in areas affected by the destruction. A Positive Response Amid the Chaos: Ratner Property Management While some landlords have capitalized on the crisis, others are stepping up to support their communities.
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.
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.
But renting an apartment during this chilly season comes with its own set of challenges and considerations. If you are looking for a rental apartment in Portland, Maine, during the winter months, it’s crucial to understand how the season affects apartment hunting, living conditions, and utilities.
What would your current or prospective renters say if you asked for their thoughts on your rent prices? You’d hope that renters believe your rents match the value and lifestyle your apartment community offers and your staff agrees. 1: Following competitors’ rent prices. Mistake No. Join AAOA for Free!
In your search for a new home, youre bound to come across samey-looking spaces, like a townhouse vs. apartment. Content of This Article What is a Townhouse vs Apartment? Key Differences Between a Townhouse vs. Apartment What Is a Townhouse vs Apartment? Apartment What Is a Townhouse vs Apartment?
The citys housing shortage has led to rising rents, making rental properties an attractive investment option. Strong rental market – High demand for apartments and condos. Budget-friendly rental market Expect moderate rent prices. ensures your investment is well-managed and optimized for profitability.
Studio apartments are becoming a prime choice for minimalists, city dwellers, and those who crave simplicity. But what is a studio apartment, and how do you know if it’s the right fit for you? What Is a Studio Apartment? Features of a Studio Apartment What are a studio apartment’s main features?
For many, owning a small apartment complex in Los Angeles comes with excitement and uncertainty. Understanding whether this decision is right for you starts with looking at the facts , the opportunities , and the challenges of owning a small apartment complex in LA. If one unit is vacant, you still collect rent from the others.
Cash is a popular way to collect rent in the United States. What other rent payment methods should landlords consider? Why Offer Other Rent Payment Methods? Offering various landlord rent payment methods provides many benefits for both the landlord and tenant. Renters may easily default on the payment.
Which trends will 2025 hold for property management companies in the United States? We’ve done the research on the forces that will shape the property management industry and the rental market next year. A similar trend is expected to play out in the build-to-rent sector.) What else is driving rental demand?
Are you considering moving and thinking, “What do I need to get an apartment?” What Do You Need to Get an Apartment? Income Verification Another key requirement to rent an apartment is verifying that you have a sufficient income. As a rule of thumb, your gross income should be at least three times your rent.
So, youre thinking of renting a place with someonemaybe your partner, your best friend, or even your cousin who swears theyre good with finances now. It is: A co-applicant shares full responsibility for rent and lease terms roommates, partners, or family members who apply together are equally liable for payments and property upkeep.
Managing an apartment complex can be a challenging task, without the right tools and support. Whether youre a property manager, an association board member, or even a resident, keeping track of everything from maintenance requests and payments to communication and security requires smooth coordination.
They have turned carports, greenways, storage spaces and laundry rooms into entry-level apartments, sometimes in less than a year from conception to completion. On average, the units have been rented out within 30 days and there have been minimal concerns from existing tenants. Many tiny houses feature a loft for sleeping and storing.
Other times, theyre what makes that monthly rent feel worth it. Some are included in rent, while others may come with added fees. Amenities affect rental prices higher-end features often mean higher rent or extra charges, so it’s important to weigh costs against convenience and lifestyle benefits.
When considering renting your first apartment, it’s natural to feel both excited and nervous. You can make apartment hunting easier by planning key aspects in advance. By following these basic steps now, you could soon find and rent your first apartment like a pro. Compute the exact dollar amount.
When you manage or own apartments, making sure those units are always filled and making valuable monthly cash flow can be stressful. Having any apartment vacant for months can be a drain. Keeping fresh with all the newest apartment advertising ideas and techniques is key to keeping your business active and money-generating.
Nationwide & Long Beach, CA October 16, 2024 The American Apartment Owners Association (AAOA) is proud to host its first-ever hybrid Rental Housing Conference on October 16, bringing together thousands of attendees through both in-person and livestream options. Landlords that use smart access control can see an increase in ROI.
This blog explores how operators can respond to these challenges by addressing legal and legislative issues, shifting focus from competitor data to first-party insights, and adopting modern revenue management systems to stay ahead in a rapidly evolving market. Current rent growth challenges further underscore the need for innovation.
In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. Let’s examine the specifics of these rights and obligations to assist property managers in better and more effectively navigating this complex environment.
By offering flexible rent payment programs, property managers can help residents stay on track while ensuring steady cash flow and smoother operations. By Aaron Gries Vice President of Product Management at Zego Rent is the biggest expense for most residents, and many struggle to pay it on time.
As a landlord, attracting reliable tenants is one of the most important aspects of managing your rental property. Is it a compact studio apartment in a city center, ideal for young professionals, or a spacious family home in a suburban neighborhood? Read More: S ocial Media Marketing for Property Managers 3.
REITs (Real Estate Investment Trusts) are companies that own, manage, or finance real estate across different sectors. If youve ever worked with a property management company in Northern Virginia , you know how valuable it is to have someone handle the hard stuff for youlike finding tenants, collecting rent, and taking care of repairs.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content