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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

And second: Brokering property sales is also less profitable, with rental owners buying and selling fewer properties in the current market. This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. 41% will expand the services they provide.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

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Tenants in Big Cities Could Save Thousands if “Broker Fee” Reform Passes

BiggerPockets

New “broker fee” reform could help tenants save thousands of dollars when finding their next apartment or home to rent, but it could come at a significant cost to landlords. […]

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How to Negotiate Prices with Renters

American Apartment Owners Association

Negotiating rent prices can be tough for a landlord. Whether negotiating with tenured residents or prospective renters, you should always be open to discussing rent prices. When to Consider Negotiating Rent When a renter asks to negotiate rent, its normal to have a knee-jerk reaction. Need a Lease Agreement?

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AAOA’s First Hybrid Rental Housing Conference Features “Squatter Hunter” Flash Shelton and LiftMaster’s Smart Access Control Solutions to Help Apartment Owners Keep their Rentals Secure

American Apartment Owners Association

This one-day event is specifically tailored for DIY landlords, real estate investors, realtors/brokers, and property managers seeking the latest insights and tools to manage their properties more effectively and is FREE for AAOA paid members. LiftMaster estimates up to a $600 annual rent increase per unit thanks to increased security.

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A Broker's Dilemma; The Risks of Sales Agents Managing Properties

Authority Property Management

How mixing sales and property management could cost brokers their insurance. In the complex world of real estate, brokers often face the decision of whether to engage in property management activities alongside sales. Brokers must establish and enforce clear policies regarding property management by their agents.

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How to Find Profitable Rental Property

Real Property Management Chicago

Demand for rentals has never been higher, Chicago area rents are on the way up, and the time to invest in Chicago properties has never been better. Before you start working with a broker, first decide what kind of property you’re willing to take on and what you can afford. The Chicago rental market is booming right now.