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 property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Illegal harassment by employees or contractors can lead to fair housing complaints, legal consequences, and damage to a companys reputation. This starts with leadership.
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?
In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Illegal harassment by employees or contractors can lead to fair housing complaints, legal consequences, and damage to a companys reputation. This starts with leadership.
Owning a rental property often means wearing many hatslandlord, accountant, and sometimes even handyman. So, if youre taking care of repairs yourself, can you deduct the cost of your own labor on a rental property? After all, hiring contractors is deductible, so shouldnt your own hard work count too? Read on to learn more.
Boost Efficiency: Proper scheduling makes the best use of time and resources, to get tasks completed on time without overburdening staff or contractors. Even though most maintenance work shares these benefits, the projects themselves can vary greatly depending on your property and the nature of the job.
Property maintenance plays a pivotal role in asset management, protecting a propertys long-term profitability and keeping tenant satisfied and turnover low. However, maintenance is far from the only responsibility property managers face. This blog will explore ways to make maintenance one less stress point for property managers.
AB 2622: How Californias New $1,000 Rule Benefits Landlords, Tenants, and Homeowners How AB 2622 Is Transforming Property Management in California Californias latest legislation brings flexibility and cost savings for landlords, homeowners, and tenants alike. What Is AB 2622? Benefits of AB 2622 for Landlords and Homeowners 1.
If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. What Is Rental Property Maintenance Software? This accountability helps maintain high standards of property upkeep and tenant satisfaction.
In the property management business emergencies are inevitable. Your approach can significantly impact the profitability of each property in your portfolio, tenant satisfaction, relationships with your clients, and compliance with legal obligations. How swiftly and effectively you address these emergencies is what you can control.
By The Fair Housing Institute In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Illegal harassment by employees or contractors can lead to fair housing complaints, legal consequences, and damage to a companys reputation.
If youre a landlord with just one or small portfolio of properties, managing your investment can quickly dominate your time. The good news is that theres specialized software out there designed to help simplify many aspects of property management. This helps you spot and fix issues quickly.
From collecting rent to facilitating repairs, as a property or community association manager, you juggle a lot when it comes to managing your business’ operations. Staying On Top of Property Maintenance. How to Provide Superior Property Maintenance Service. Advantages of Using a Property Management Maintenance Answering Service.
Owning one or more rental properties can be a great way to make a living for you and your family. However, when you own a rental property, you must be prepared to make repairs and tend to maintenance requests to ensure a safe and habitable home for tenants. Contents of This Article: Why Do You Need Licensed Contractors?
But is inflation a threat to your rental property investment, or can it actually work in your favor? Lets explore how inflation on rental property investment can impact youand most importantly, how you can keep your investments safe and still make a profit, no matter what changes the economy goes through. So, what exactly is inflation?
Assuming that you own a rental property, the likelihood is that you’ve considered hiring a property management company sometime in the past. However, even more than that, when you hire property management experts, you can acquire benefits and expertise that numerous do-it-yourself landlords lack. And it’s a reasonable thought.
Effective property management hinges on regular maintenance, as every successful rental property owner knows. Addressing upkeep proactively helps maintain property safety, appeal, and occupancy while enhancing its value. Understanding the Key Components of a Property Maintenance Schedule.
Property managers are engaged in a service business, which means theyre entitled to the full array of business-related tax deductions. Property management tax deductions can really add up. So what else can property managers deduct from their taxes? Weve rounded up ten of the most common property management tax deductions: 1.
Unexpected crises – an inevitable tragedy, protracted power outage, or emergency maintenances – can create major disruptions for rental properties. For property owners, these incidents can bring about property damage, renter displacement, and costly repairs.
Success in property management often comes down to planning. Thats especially true when it comes to marketing your business and the properties in your portfolio. This post will walk you through how to craft a winning property management marketing plan tailored to meet your specific business needs.
Property managers are going to be busy in 2025. According to our 2025 Property Management Industry Report , 91% of property managers we surveyed plan to expand their portfolios in the next two years. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.
If youre new to property management taxes, there could be some big mistakes youre making that could cost you or your owners money. Check out these six property management tax mistakes to see if youre guilty of making themand how to remedy them moving forward. When you hire an independent contractor, that cost is deductible, too.
As a property manager, you juggle numerous responsibilities daily, from managing tenant relationships to maintaining properties. Enter the National Association of Residential Property Managers (NARPM) , a professional organization dedicated to supporting property management companies like yours.
Expert Advice for Property Managers Managing rental properties can feel like spinning a dozen plates at once. Between keeping tenants happy, maintaining properties, and marketing your services, the job demands a unique mix of organizational skills and creativity. Improve tenant retention rates.
Expert Advice for Property Managers Managing rental properties can feel like spinning a dozen plates at once. Between keeping tenants happy, maintaining properties, and marketing your services, the job demands a unique mix of organizational skills and creativity. Improve tenant retention rates.
Like many small property managers, you probably want to grow your business. That means staying on top of industry trends and knowing where the real opportunities lie—all covered in the 2025 Property Management Industry Report. For small property managers, finding new customers can be challenging in a competitive market.
1 The preventative methods for tenants and frozen pipes There are several things that property managers should do to prevent pipes from freezing in their rentals. Do not rush into warming the pipes because if the water thaws, there might be risks of the water flooding your property.
Its been a long time since we put out an episode of The Property Management Show and today were excited to talk with RoDevia Brigham, the founder and CEO of Proposabid. Introducing RoDevia and Proposabid Proposabid does bids and estimations for properties and repairs across US. The idea for this company came from a shower moment.
Before taking on renovations, whether for your primary residence or an investment property, it's crucial to find the right contractor. Ensure that they are qualified, have the support they need, and have a good reputation by vetting them with these questions.
As a property manager, surprises are the last thing you want. By anticipating repairs, you can plan ahead, budget effectively, and address issues quickly—keeping your properties in great condition while making sure your tenants and owners are happy. Property Type: Different property types experience wear and tear differently.
Owning rental property can be confusing at times. Having a property manager as part of the equation can be great, while at the same time it isn’t always entirely clear what falls within the scope of their role, what does not, and what costs the owner still has to pay for. So do property managers pay for repairs?
These companies provide a way for individuals to invest in real estate without directly managing properties. REITs allow investors to buy shares in large-scale property portfoliosranging from apartment complexes and office buildings to hospitals and shopping centers. What Is a REIT and How Does It Work?
Finding and hiring the correct property manager to manage your rental property can make all the difference in the world for landowners and investors – this is true for both commercial and residential property. In order to successfully own investment property, property managers are necessary partners.
Maintaining rental properties is a delicate balance between being proactive and staying flexible and responsive in the case of emergencies. This blog post is designed to help you answer that question by clearly laying out the challenges and best practices that go into successful rental property maintenance management.
The Big Picture On How to Handle a Bad Contractor: Keep detailed records of all agreements, payments, communications, and any issues with the contractor’s work. Before escalating, address the problems directly with the contractor, clearly outlining the issues and your expectations for corrections.
This is where property management services in Upper Arlington can play a critical role in ensuring success for rental property owners. Whether youre new to real estate or a veteran investor, the right property management partner can make all the difference between a seamless experience and a frustrating one.
Effective property management maintenance services go far beyond just fixing problems when they arise. A proactive, well-organized maintenance strategy can prevent costly repairs, reduce tenant complaints, and ultimately increase the longevity and value of the property. Read More: The Ultimate Property Management Vendor Guide 5.
Wildfires cause widespread destruction, damaging properties and compromising the integrity of remaining structures. Steps for Post-Fire Recovery of Properties Post-fire recovery for properties involves several key steps to ensure that both the physical damage and insurance claims are handled properly. Here are the steps: 1.
At its core, this status allows investors to reclassify their rental property activities from passive to non-passive. Without REPS, the depreciation and other losses from your rental properties would only offset income from other passive investments. Normally, passive losses can only offset passive income.
New rental property investors in Glenview often fall into the trap of over-improving their properties. Our advice is to plan strategically and address any profitability obstacles before purchasing the property. Otherwise, why buy the property in the first place? Use good comparable properties to calculate your ARV.
This is where professional property management services in Westerville come in. For both first-time and experienced investors, the right property management partner can ensure a stress-free and profitable journey. With various property management companies available in Westerville, the decision-making process can feel daunting.
If you’re looking for the best property management books around, we’re here to help. Our professional property managers have chosen our personal favorites for your viewing pleasure. Read below for some great recommendations on managing rental properties. Landlord’s Legal Kit for Dummies (2 nd Edition) by Robert S.
Do you keep a single-family rental property? If so, you may doubt whether you should hire a Chicago property management company to help manage it. But what does a professional property management company even do – and is it worth the cost? By the end, you’ll better know whether property management is right for you.
As a host or property manager , making sustainable upgrades like installing solar panels could set your rental apart, save on energy bills, and appeal to eco-conscious travelers. This guide will walk you through what you need to know about adding solar panels to your rental property. How does a solar panel system work?
Fall maintenance is a very important part of managing your rental property. As the weather gets colder, it’s time to think about how your rental property will weather the changing seasons. Making sure your property is ready for colder weather is crucial to prevent many maintenance issues that can arise.
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