Property management accounting basics: The definitive guide
Buildium
NOVEMBER 8, 2024
Learn the basics of property management accounting, including every step of setting up a property management accounting system.
Landlord vs Property Manager: Key Differences Explained
Bay Property Management Group
DECEMBER 23, 2024
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!
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Property managers’ revenue may be growing more than they think [The Lookout]
Buildium
JANUARY 21, 2025
Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. Factors Impacting Property Management Companies Profitability So, whats going on here? First: Leasing has become less profitable, with renters moving less often than they have in previous years.
The NAR Lawsuit: How Property Managers Can Deal With Its Fallout
BetterWho
SEPTEMBER 21, 2024
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.
Due Diligence: How Real Property Management Chicago Group Sets Ourselves Apart
Real Property Management Chicago
JUNE 4, 2021
To provide a sense of security for your tenants, you have the crucial task of carefully preparing your property to make it liveable. This may include getting insurance for your property as well as doing routine maintenance and repairs. Comprehensive property assessments are being offered by Real Property Management Chicago Group.
Balancing the Books: Financial Planning Essentials for Property Managers
Real Property Management California Coast
DECEMBER 20, 2024
Effective financial planning is the pillar of any successful property management business. It enables property managers to earnestly observe their incomes, expenses, and profitability and discover opportunities for future growth and stability.
Data-Driven Decisions: How Analytics Can Enhance Property Management
Real Property Management California Coast
JANUARY 10, 2025
Data analytics has become a powerful tool for rental property managers and owners committed to make informed decisions in today’s evolving rental market. All of these are indispensable in improving the value and profitability of rental properties.
Dealing with an Unresponsive Landlord: The 3-Step Plan
Bay Property Management Group
DECEMBER 2, 2024
According to our Baltimore property management company , your landlord will typically have 24 hours to address critical issues. Additionally, if you caused said damage, your landlord is most definitely not on the hook for it. You can choose a home with a tenant-friendly property manager.
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How to Get Ready to Apply for Apartments and Other Rental Properties
Real Property Management Chicago
NOVEMBER 30, 2017
Almost every Chicago property management company will be checking your credit. Before you apply, call the property management company or landlord to ask about their application criteria. Most Chicago property management companies and landlords will ask for these.
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How to Find Profitable Rental Property
Real Property Management Chicago
MAY 6, 2016
Also, consider whether you would be taking care of your rental property yourself, or if you would need the services of a Chicago property management company for your rental. Think about why you are buying this property and what you hope this investment will do for you. Consider who your ideal tenants would be.
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Winterizing a Vacant Home During Frigid Weather
Real Property Management Chicago
NOVEMBER 25, 2021
You definitely don’t want to have to deal with a broken window, a damaged roof, or a pest infestation when in freezing temperatures. At Real Property Management Chicago Group , we help rental property owners like you keep their rentals ready for whatever Mother Nature may bring.
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Our Most Valued Asset, the Tenant
Real Property Management Chicago
AUGUST 27, 2021
For a lot of Northbrook rental property owners , real estate is often agreed upon as the most valuable asset. Then again, if you say that the definition of an asset is a means of generating cash flow, it might be that your most valued asset isn’t your property but your tenant.
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PPC Campaigns: Brand Awareness vs. Lead Generation Campaigns
Fourandhalf
AUGUST 28, 2024
In this blog post, we’ll go into detail about the pros and cons of each strategy so that you can decide which makes the most sense for achieving success in growing your property management business! Brand awareness ad campaigns prioritize getting your property management business known by potential customers.
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A Complete Guide to Mortgages: Tips for Homebuyers
Beach Front Property Management
DECEMBER 30, 2024
This guide explores mortgage types and how they impact your real estate journey, empowering you to choose the best option for your financial and property goals. Definition of Mortgage A mortgage is a loan agreement where you borrow money from a lender to purchase property, with the promise to repay it along with interest.
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Know the Rules of the Grill: Grilling Safety Tips for Tenants
Real Property Management Chicago
MAY 26, 2016
Don’t ever try to move hot coals or a hot grill, and definitely never take them indoors. Real Property Management Chicago Group is a professional Chicago property management company that manages many single family homes, condos, apartments and duplexes in Chicago and the surrounding suburbs.
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A Roller Coaster Ride :Renting, and Los Angeles Property Management
Real Property Management Choice
MARCH 23, 2018
And although at some points you feel nervous, after finishing the ride you know it was definitely worth the wait. Now apply the same situation to owning real estate rental property. You’ve waited a long time to get to a point in your life where you could have investment property bringing you in an extra source of income.
Secrets to Maximizing Your Los Angeles Rental Property Management Experience
Real Property Management Choice
AUGUST 23, 2018
As the leading rental property management company in Los Angeles, it is our job to help each rental property owner understand the benefits that investing in rental property has. By not performing adequate repairs, you will experience accelerated depreciation of the property, and end up paying for maintenance.
Airbnb Property Manager
Renjoy
AUGUST 1, 2023
What Exactly do the Best Airbnb Property Managers do? So, you’ve dabbled in the world of Airbnb and discovered that managing a property isn’t just a walk in the park. That’s where the Airbnb manager superstars swoop in to save the day. Well, fear not! Finding the right one is absolutely crucial!
Renter-Friendly Christmas Decorating Tips
Real Property Management Chicago
DECEMBER 18, 2020
Real Property Management Chicago Group can definitely help! The post Renter-Friendly Christmas Decorating Tips appeared first on Real Property Management Chicago Group. Are you earnestly looking for a new rental home this winter? Don’t hesitate to browse our current listings or call us at 312-265-0660.
Four Types of Real Estate Investments You Need to Know
Real Property Management Chicago
FEBRUARY 17, 2022
Residential Many new real estate investors thinking of purchasing select a residential rental property. By definition, residential real estate is purchased and occupied as a dwelling by owners or tenants. If you are looking to start investing in residential rental properties, we can help! In 2020, it was valued at $33.6
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Rent or Buy? 3 Reasons to Keep Renting
Real Property Management Chicago
JULY 1, 2016
If you’d prefer not to be in charge of these things, then renting is definitely for you. 3 Reasons to Keep Renting appeared first on Real Property Management Chicago Group. Are you savvy on repairs and ready to take care of a leaking roof or a furnace that stops working in winter? The post Rent or Buy?
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5 Signs You Need A New Property Manager
Authority Property Management
NOVEMBER 24, 2019
Think You May Need A New Property Manager? When you own rental property, we realize you want the best property management company in charge of your properties. However, if you fail to pay attention to the details when selecting a property management firm, you will quickly realize this was a huge mistake.
Redding CA, Property Manager search
Authority Property Management
FEBRUARY 10, 2019
Searching For A Great Property Manager? When you have a vacancy at your property, you naturally have a screening process in place to find the right tenant. Based on the answers you get to these questions, you’ll come away with a pretty good idea of how well the property is being managed. Follow These Tips!
10 Reasons Why Apartments are Better than Dorms
Real Property Management Chicago
JULY 8, 2022
But there are Orland Park property managers that will allow pets in apartments so that you can keep your furry friend close by. But definitely, plenty of college towns usually have apartments nearby, most likely just a few minutes’ walk away. Various apartments permit students to have pets, whereas dorms typically do not.
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10 Tips For Smart Airbnb Property Management
Kleenerly
SEPTEMBER 22, 2020
As an Airbnb property manager, you have to realize that you’re not just a host but you’re also a businessman. It’s also about managing your Airbnb rentals and account as a business. That’s why it’s important to have smart Airbnb property management. It’s not just about welcoming and sending off guests.
Apartment Moving Checklist: Everything You Need to Know
American Apartment Owners Association
DECEMBER 2, 2024
Sort your possessions into three separate groups: stuff that is just worn out or useless, good-condition items that might help others, and definitely needed basics. Does it serve a real need or make you happy? Think about either an internet or a conventional yard sale for selling prized goods.
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Is Renting Smarter Than Buying Your Home?
Real Property Management DC Metro
SEPTEMBER 27, 2024
Henceforth, we’ll contribute some advantageous insights to this question and a handful of tips designed to help property owners like you benefit from the increasing numbers of renters in markets nationwide. Conceding that some of these reasons may be personal, there are definitely a few many people who prefer to rent their homes share.
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Remodeling? Don’t Alter These 5 Unique Features
Real Property Management California Coast
OCTOBER 11, 2024
Stained glass windows have had their peaks and valleys in popularity over the years, and while some people might not definitely like them, others find them very charming. Would you like to find out more about creating a rental property that tenants will love? Despite this, that doesn’t mean you should tear it out.
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10 Property Management Goals to Set for the Year (with examples)
Second Nature
DECEMBER 2, 2024
Before we dive into specific property management goals we recommend for the coming year, let's take a minute to define how to approach goal setting in property management. Example of property management goals Here are some examples of smart goals to set for a property management company.
Boosting Resident Retention: Proven Strategies That Work
Real Property Management DC Metro
NOVEMBER 21, 2024
This, in turn, may instill in them motivation to take good care of the property, which can then also protect the value of your property. Invest in Quality Tenant Screening But to be clear, finding renters who will take good care of your property is easier said than done.
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The Hidden ‘Double Whammy’ Facing Owners Who Hand Buildings Over To Lenders
American Apartment Owners Association
DECEMBER 12, 2024
Some can simply transfer properties between funds or buy a building back from a receiver with another LLC. Its definitely a stain on your record that definitely stays there no matter what. The little guy doesnt have that ability. If youre a small, private investor, youre screwed, he said.
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When it comes to Tree Roots Size Does Matter!
Real Property Management DC Metro
OCTOBER 8, 2015
Soon that definitive fall crispness will be in the air. If you have a tenant residing in your property this process could be missed, make sure that your property management company is involved in a fall or winter plan for your property and your yard. appeared first on Real Property Management DC Metro.
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Uninhabitable – How and When
Authority Property Management
FEBRUARY 25, 2017
If so, we at Authority Property Management would like to help provide you with as much information as possible to give you a greater understanding as to whether or not your rental house or apartment really is “uninhabitable.” Do you feel like your living situation might be considered “inhabitable,” but you’re not entirely sure?
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How to Invest in Real Estate: Guide for Beginners
American Apartment Owners Association
SEPTEMBER 2, 2022
Passive by definition is, not active. Between looking for properties, acquiring them, marketing, property management, looking for tenants, collecting rent and scheduling building maintenance and repairs, theres always something to do! A number of property management and ownership costs are tax deductible.
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New California Commercial Lease Requirements – SB 1103
Esquire Property Management Group
OCTOBER 9, 2024
The statute introduces the definition of “qualified commercial tenants,” targeting those who require enhanced safeguards in lease negotiations. We understand the importance of drafting commercial property transaction documents in compliance with the latest statues, regulations and laws.
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How to Reduce Your Southwest Waterfront Moving Costs
Real Property Management DC Metro
JANUARY 30, 2020
Hiring professionals can definitely ease the stress generated by moving, but it does come at a cost: a high price tag, maybe even thousands of dollars. This will definitely make your move less costly. Some are definitely a better value than others. More renters now view moving as a stressful and expensive time.
Landscaping: Improving Your Curbside Value in Southwest Waterfront
Real Property Management DC Metro
JUNE 8, 2018
Landscaping professionals can definitely help you amp up your landscaping game especially if your landscaping does not quite meet what is ideal in most renters’ minds. And when you have made that investment in Grand Rapids, make sure to get the right property management company to protect it. Would you like to learn more?
Easy Upgrades Part 1: High-End Countertop Solutions without the High-End Price Tag
Real Property Management California Coast
JUNE 29, 2018
At Real Property Management California Coast , we have the industry connections to swiftly update your countertops at affordable prices. Your El Segundo residents are definitely going to be thrilled with the results. Would you like to find out more? For additional information, please contact us online or call us at 310-535-2150.
Are You Listed as Additionally Interested on Your Capitol Hill Resident’s Renter’s Insurance?
Real Property Management DC Metro
JUNE 14, 2019
It refers to persons who have a stake (or interest) in the property. With this clarified definition, it makes sense why the property owner should be on that list. The owner or property manager will be notified if the policy is changed– which includes not renewing it. In fact, it doesn’t.
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4 Creative Ways to Find Adams Morgan Real Estate Deals
Real Property Management DC Metro
AUGUST 13, 2020
Many of these owners are becoming desperate for an offer because their properties haven’t gotten any attention on the listing. If you can manage it, and if the property fits your profile for a good rental house, you can definitely negotiate your way to a great deal.
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Property Owners vs Residents: Who Benefits from Upgrades to Your Southwest Waterfront Rental Property?
Real Property Management DC Metro
OCTOBER 19, 2018
To have a quality rental home with lasting appeal, avoid the latest trends and opt for the less exciting but definitely more tried-and-true décor themes commonly seen in other rental homes. Whether you’ve performed upgrades or not, rental property maintenance should always be a priority in order to maintain value.
How to Purchase Your First Capitol Hill Rental Property
Real Property Management DC Metro
MAY 4, 2018
Find a Property Work with a real estate agent local to your targeted area to find out where there are properties available. Have a general idea of the property’s specifications and your spending budget. Have definite limits and expectations for your property hunt.
Tips for Handling Tenant Complaints
Authority Property Management
SEPTEMBER 28, 2016
As property managers in Redding who have over twenty years of experience managing properties all over Shasta County, we would love to help you handle your tenants’ complaints with ease by offering you some of our best advice in the manner. However, it is definitely ok to set some boundaries with your tenants.
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Are You Listed as Additionally Interested on Your Playa Vista Resident’s Renter’s Insurance?
Real Property Management California Coast
JUNE 15, 2019
It actually means that the person has a stake, or interest, in the property. With this definition clarified, it gives us a good picture of why the property owner should be listed as someone with “interest” It is true that many owners already require their renters to have a renter’s insurance policy.
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