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
Smart home technology for apartments is transforming multifamily living by making everyday life easier and more efficient. These innovations help property managers streamline operations, reduce costs, and create a more sustainable environment while improving the resident experience. What isSmart Apartment Technology?
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 rentalunit, they usually start online.
Vrbo is one of the worlds largest vacation rental marketplaces. With over 18 million unique visitors a month, the platform gives property managers lots of visibility in front of travelers. Are you looking to save time on managing your Vrbo listings? How to save time managing your Vrbo listings through RentalsUnited?
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. Competition – A high number of rentalunits can lead to price variations. We at BFPM Inc. Let BFPM Inc.
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. In this day and age, getting noticed and having your apartments visible to prospective tenants can be a chore.
For landlords and property managers, these versatile vehicles can be an enticing option to diversify short-term rental offerings. Because your reputation as a landlord or property manager hinges on the quality of your rentalunits, ensuring that each motorhome is structurally sound and free of major mechanical defects is crucial.
Timing is everything when it comes to renting an apartment. Your search can succeed or fail based on a number of factors, including your budget, when you plan to move in, and the constantly shifting rental market trends. So, when exactly is the best time to rent an apartment? And when are apartments cheapest?
Smoking in apartments is a contentious issue that has caused many disputes between landlords and tenants. However, both federal and state laws have something to say about smoking — even in private spaces like rentalunits. Smoking in Apartments and Tenants’ Rights Can I smoke in my apartment?
Vacancy loss is themoney a landlord loses when rentalunits remain unoccupied. While its often seen in a negative light, experienced property managers in Baltimore view it as more than just lost incomeit also represents potential earnings you could gain once the units are occupied.
In the mid-90s he got into the rental business for himself. After he retired, he started a real-estate brokerage business with his sister that focuses on property management and leasing. Ask Landlord Hank Your Question Ask veteran landlord and property manager Hank Rossi your questions from tenant screening to leases to pets and more!
But renting an apartment during this chilly season comes with its own set of challenges and considerations. If you are looking for a rentalapartment in Portland, Maine, during the winter months, it’s crucial to understand how the season affects apartment hunting, living conditions, and utilities.
Streamlining Multi-UnitRentalManagement with AdvanceCM Managing multiple rentalunits 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.
In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. The costs associated with vacant units, marketing to new tenants, and preparing properties for new occupants can quickly add up.
Changes in state law have madeaccessory dwelling units the fastest-growing sector of Californias housing market, and multifamily owners have embraced the trend. They have turned carports, greenways, storage spaces and laundry rooms into entry-level apartments, sometimes in less than a year from conception to completion.
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 Lets explore how!
Its more common than you might think and can happen even in vacant rentalunits. As our rental property management in Northern Virginia can tell you, phrogging is a real problem. Sometimes, it even happens in rentalunits that are sitting empty between tenants. It sounds crazy, but it happens. Absolutely.
For rental property owners, a key decision must be made whether to manage your properties or hire a professional Glenview property management company. On the one hand, do-it-yourself property management may make sense for owners with repair and maintenance skills who enjoy interacting with their renters.
Legal responsibilities of a landlord Warranty of Habitability: Every lease or rental agreement includes an implied warranty of habitability, which means the premises are suitable for human occupancy. Entry points to the property and apartments should be fortified by creating a security system with video surveillance cameras.
As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations. The Importance of Occupancy Limits Occupancy limits are established to maintain safety standards and prevent overcrowding in rentalunits.
While its not legally required, many experienced and tenant-focused property management companies in Philadelphia may require it for their rentals. Also, it helps pay for property damage repairs in your rentalunit. A great rental isnt just about the space itselfits about feeling secure in it.
Managing multi-family rentals is a huge task. So, how can you manage these rental properties like a well-oiled machine? This article shares practical property management tips to help you streamline operations and boost efficiency. So, you should find a sweet spot to retain tenants and keep the units occupied.
California is preparing for new move-in, move-out documentation law that requires landlords take photos of rentalunits before and after a tenant moves in. Digital photography and storage through property management software could help. We give our managers a lot of latitude when deciding how to handle the situation.
To make the most of leasing season, property managers, leasing teams, and marketing managers need to be ready for increased demand and commit resources to encourage lease renewals. Many property managers still call around for rental comparisons within their area to find an accurate price.
As a landlord or property manager, rent control may not be the most positive term in the real estate industry. Many more rentalunits are affected by this program and are what most people think of when they consider New York City rent-controlled housing. there are rent control laws that affect some rentalunits.
Key Takeaways Airbnb Experiences offers a lucrative opportunity for property managers to diversify their income. Pairing Airbnb Stays with Experiences can increase bookings, improve guest reviews, and set listings apart from competitors. Type of Host Property owners, real estate investors, and short-term rentalmanagers.
The 2024 America’s Rental Housing Report has several notable trends and key takeaways. Softening Rental Markets According to the report, apartment growth has stalled. The rental market rapidly increased during 2021 and 2022. Moreover, there has been a dwindling supply of low-cost rentalunits.
The AAOA Rental Housing Conference is just days away on October 16 , offering a powerhouse lineup of expert speakers ready to share vital knowledge for property owners and managers. Managing Partner of Education, Kimball, Tirey & St. Lets dive deeper into the speakers and their unique insights for this years sessions.
An inappropriately priced rentalunit can discourage tenants from renting or lead to potential losses. It’s important to strike a balance to make the most out of the rental property. There is no set rule or standard when it comes to determining a rental price. Factors to Consider: How Much Should I Charge for Rent?
Investing in multifamily apartments is one of the most promising real estate strategies for landlords and property managers. This guide will give you everything you need to know about the key benefits and risks of multifamily apartment investing. What is multifamily apartment investing?
As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations. The Importance of Occupancy Limits Occupancy limits are established to maintain safety standards and prevent overcrowding in rentalunits.
Legal responsibilities of a landlord Warranty of Habitability: Every lease or rental agreement includes an implied warranty of habitability, which means the premises are suitable for human occupancy. Entry points to the property and apartments should be fortified by creating a security system with video surveillance cameras.
Redding Rental Home Or Apartment Hunting. When looking for a rental home or an apartment for rent, it can be an overwhelming experience, especially for the first time renter. The best way is not panicking but to follow the following tips and guidance to have yourself a new Redding Rental home or apartment.
Discovering that you're renting an illegal apartment can be a stressful and unsettling experience. How much is the fine for renting an illegal apartment, and what does it mean for you? Let's get started with this guide to illegal apartment tenant rights and more. What Is an Illegal Apartment?
In that case, you have to find tenants, keep track of payments and repairs, and manage all the other aspects of owning and managingrental property. It includes everything from online tools for finding and managing tenants to apps for tracking payments and repairs to virtual reality tools for viewing properties.
Or you could skip the rental part altogether and buy that same single-family house, make the necessary repairs and sell it at a profit, also known as house flipping. If you think you can handle more than one tenant, you could invest in an apartment building and collect multiple rent checks every month.
Or you could skip the rental part altogether and buy that same single-family house, make the necessary repairs and sell it at a profit, also known as house flipping. If you think you can handle more than one tenant, you could invest in an apartment building and collect multiple rent checks every month.
For landlords and property managers, these versatile vehicles can be an enticing option to diversify short-term rental offerings. Because your reputation as a landlord or property manager hinges on the quality of your rentalunits, ensuring that each motorhome is structurally sound and free of major mechanical defects is crucial.
Multifamily occupancy rates refer to the percentage of rented units in an apartment complex, compared to the total available units. For example, an occupancy rate of 90% in a 50-unitapartment means that 45 units are occupied. Start by calculating the percentage of occupied units in your property.
At Beach Front Property Management Inc , our goal is to stabilize your returns while reducing vacancy rates, especially while handling multifamily units. What are Multifamily Properties? A multifamily unit refers to any property with more than one residential unit.
We’ll discuss everything from selecting the perfect property to securing financing and managing it properly. Multi-family rental property investing, and why should you consider it? Investing in multi-family rentals involves acquiring and managing properties with multiple units, starting from two.
As the demand for housing continues to rise, property managers face the dual responsibility of maintaining occupancy standards and adhering to fair housing regulations. The Importance of Occupancy Limits Occupancy limits are established to maintain safety standards and prevent overcrowding in rentalunits.
Property Managers An Incredible Investment Becoming a landlord seems like an incredible investment opportunity. If you are a landlord and have found yourself in this situation, hiring a property manager could be one of the greatest investments that you make. Managing your property requires a lot of time, commitment, and effort.
Tenants smoking inside rental property can be a real headache for property managers so in this weeks Ask Landlord Hank question he offers some suggestions on how to know find out if tenants have been smoking in the rentalunit. Landlord Hank Rossi How Can I Monitor Tenant Smoking In My No-Smoking Rental?
Liability insurance provides financial protection against claims and helps landlords manage their properties with confidence. This protection allows property owners to manage their rental properties without financial stress. Being insured sets landlords apart in competitive rental markets and can lead to fewer disputes.
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