Mon.Dec 09, 2024

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The Art of Negotiation in Real Estate Investing

American Apartment Owners Association

Real estate investing can be an extremely lucrative business if done right. One of the most important skills for a successful real estate investor is the ability to negotiate effectively. Negotiation is truly an art form that involves strategy, communication skills, critical thinking, and the ability to read people. Master negotiators in real estate are able to consistently buy low and sell high, maximizing their profits.

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10 Uniquely Fun Holiday Party Ideas (Your Residents Will Actually Attend)

Rentec Direct

The holiday party is a subject of joy or chagrin depending on whether youre the attendee or the planner. If the thought of throwing a holiday party before Christmas has you feeling more stress than holiday cheer, consider waiting until the hustle-and-bustle dies down, and throw a party in January to ring in the new […] The post 10 Uniquely Fun Holiday Party Ideas (Your Residents Will Actually Attend) appeared first on Rentec Direct Blog.

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Minimizing Investment Risks in Multifamily Real Estate

American Apartment Owners Association

To minimize investment risks in multifamily real estate, prioritize thoroughdue diligence. Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Effectivetenant screeningreduces eviction rates considerably, thereby helping to mitigate financial losses. Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities.

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When Is The Best Time To Rent An Apartment?

Bay Property Management Group

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. 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.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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5 Creative Ways to Get Bad Tenants Out

American Apartment Owners Association

In property management, landlords often face the challenge of managing difficult tenants who refuse to leave. While eviction is a potential option, more creative ways exist to address the situation effectively. Each tenant situation is unique, and exploring strategies that have worked for other landlords can provide valuable insights. These methods help landlords replace problem tenants with more suitable ones, improving their rental experience.

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Society Parking Management: A Comprehensive Guide to Organized Parking Solutions

ADDA

In residential communities, though all apartments/condos/villas are given designated parking spaces, parking can many a time become a source of chaos and contention. From disputes over allocated slots to the frustration of unauthorized vehicles taking up space, ineffective society parking management can disrupt the harmony of even the most well-planned communities.

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Bill 30 could make condo living easier in Alberta

Condo Control

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act. Amendments would allow them to get paid in full sooner, and harmonize prompt payment rules and processes for public and private sector construction projects

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Resident-Centered Housing Practices Gain Momentum

American Apartment Owners Association

After a volatile period in commercial real estate, many multifamily borrowers that seek to increase the stability and profitability of their apartment buildings have a new take on a business basic: customer service. New programs, practices and technologies that can enhance the resident experience through a holistic focus on renter needs are becoming more commonplace.

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Talking AI: Top Three Barriers To Digital Adoption

Forbes Business Council

While the industry has grown in terms of infusing innovation into formerly manual processes, many lenders say they are not ready to dive into the latest wave of AI.

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1031 Exchange in Multifamily Real Estate

American Apartment Owners Association

A 1031 exchange offers a powerful tax-deferral strategy for investors in multifamily real estate. By leveraging this tool, you can defer capital gains taxes and reinvest in larger or more lucrative properties. Heres everything you need to know to make the most of 1031 exchanges in multifamily real estate investing. What is a 1031 Exchange in Real Estate?

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The Future Of Benefits: Why Total Rewards Will Outshine Salary Alone In 2025

Forbes Business Council

Flexible benefits are game changers that can address equity, financial stability and generational differences.

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Property Management Laws, Regulations, and Rules l Second Nature

Second Nature

Property management activities involve overseeing rental properties, ensuring theyre maintained, residents are managed, and finances are handled effectively. While a real estate license is not always necessary to manage rental properties, licensing requirements can vary significantly by state. Typically, states may require property managers to hold a real estate license or work under a licensed broker.

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20 Risks Of Rapid Business Growth (And How To Mitigate Them)

Forbes Business Council

Effectively navigating rapid growth requires leaders to put systems in place to meet growing customer demand without alienating their existing customer base.

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Choosing a Columbus Property Management Company: Why Go Local?

RL Property Management

Managing rental properties is both challenging and time-consuming, which is why many landlords and investors turn to professional property management companies to help manage their most valuable assets. The right partner can significantly impact your return on investment (ROI), reduce stress, and ensure the long-term success of your rental property.

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The Future Of AI In Healthcare And The Need For Synthetic Data

Forbes Business Council

How do we make AI autonomous? Should we? The answer isnt simple, but one thing is clear: We need synthetic data to get started.

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Fannie Mae Expands Coverage, Raising Loan Limits By 5.2%

BiggerPockets

If you want to buy a million-dollar home and have enough for a down payment, you can now ask Uncle Sam for the rest.

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How The India/U.K. Trade Deal Could Transform The Scotch Whisky Market

Forbes Business Council

As the U.K. and India move closer to finalizing a historic free trade agreement on Scotch whisky, investors have a unique opportunity at a pivotal moment of growth.

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2025 Short-Term Rental Trends—What Will Keep Your Occupancy Rates Up?

BiggerPockets

The hospitality industry is evolving faster than ever, and the lines between hotels and short-term rentals (STRs) are fading.

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Empathy As A Workplace Superpower

Forbes Business Council

Empathy challenges outdated perceptions of leadership weakness and propels organizations toward a more resilient future.

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$50K/Year Cash Flow from ONE Rental by Beating the Market to This Strategy

BiggerPockets

$50,000 cash flow from ONE rental!?

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Five Insights On Finding And Nurturing Great Talent

Forbes Business Council

No matter the generation or the circumstances, finding outstanding professionals can be one of the toughest challenges leaders face.

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“Return to Office” Could Change the Housing Market, But Not How You’d Think

BiggerPockets

Return to office mandates from the tech and finance industries are coming rapidly. But theyre not just going back to the downtown areas.

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How Gamified User Experiences Shape The Customer Journey

Forbes Business Council

I've found that gamification is a great way to make the shopping experience more dynamic, keeping consumers engaged at various touchpoints.

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Discovering Hidden Treasure in Your Unit Amenities - Negative Amenities

Multifamily Insiders

This is the fourth in a 9-part series of quick hit blogs on the quickest way to uncover hidden revenue from leasing based on the presentation Bryan Pierce, Carol Enoch and Donald Davidoff gave at NAAs 2024 Apartmentalize conference. Our turn to fail #6 is perhaps the most pernicious of all the ones we see because this one is usually at best a complete misunderstanding of how amenity pricing should work; and, at worst, its intentional, dare I say malicious, behavior from a community or regional m

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More Than A Provider: Choosing The Right Tech Partner

Forbes Business Council

These days, the distinction between tech providers and true partners is more important than ever.

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IS THIS THING ON-Why Public Speaking Matters for CRE Agents and How to Master It

Multifamily Insiders

As a broker in the commercial real estate (CRE) industry, you may have questioned whether public speaking is really necessary for your job. Yes, in a nutshell, and it's a skill that can greatly influence your success. I shunned public speaking for years. I would turn off chances to speak and give the platform to someone else. However, after I made.

Broker 59
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Beyond Borders: Adapting To Global Workforce Dynamics And Regulatory Challenges

Forbes Business Council

Global workforce management has undergone a seismic shift over the past four years.

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Asset classes in real estate: How to maximize your investment potential and diversification

MRI Software

Real estate investment has consistently proven its value, positioning it as one of the most significant asset classes worldwide. Investing across this vast market can help you increase returns, reduce risk, and enhance portfolio stability over time. From residential rentals to expansive industrial properties, real estate gives you ample opportunities to build a diversified and resilient portfolio.

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Crafting Your Sales Incentives Plan To Boost Productivity And Morale

Forbes Business Council

Sales incentives are an important factor in attracting, retaining and motivating talent; driving desired behaviors; and ultimately fueling revenue growth.

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Managing expense growth: The major costs facing multifamily property owners

MRI Software

Managing multifamily expenses can feel like a balancing actespecially when these expenses start rising. Operating costs can hit your bottom line hard, making it harder to stay competitive or reinvest in your property. Knowing how to manage these costs effectively is essential for keeping your property profitable and tenants happy. In this guide, well explore the typical operating expenses for multifamily properties, key factors contributing to expense growth, and the financial impact on both lan

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Dispelling The Workplace Myth That Gen-Z Is Lazy: 4 Considerations

Forbes Business Council

It is essential to move past stereotypes and acknowledge that each generation responds to its environment in different ways.

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Multifamily amenities for an urban lifestyle: Strategies to attract and retain residents

MRI Software

When it comes to multifamily properties in urban areas, competition is intense. Residents are looking for more than just a space to livetheyre seeking a lifestyle that complements their busy, dynamic routines. As a property manager, offering the right amenities can help you attract and retain tenants who are willing to pay for the convenience and comfort these features provide.

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Why Employers Should Embrace Alternative Paths To Education—And How To Get Started

Forbes Business Council

With dedicated changes to hiring and onboarding, your company can expand its talent pool and hire growth-minded employees who are excited to learn and contribute.

Education 104
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Short-Term Rental FAQ: Should I Invest in Marketing for My Property?

MaidThis

Weve already discussed the importance of marketing your short-term rental property here , here , and here , so the short answer to this FAQ is, yes, you should invest in marketing. The long answer is, well, much longer! Strategic marketing tactics are one of the most effective ways to increase your bookings (and revenue). But with so many options available, deciding where to invest your time and resources can be overwhelming.

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7 Game-Changing Moves To Maximize Your Leftover Thought Leadership Funds

Forbes Business Council

Invest creatively to propel your thought leadership future.

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Customer Story: CAP Real Estate

Rent Manager

Cincy Area Properties (CAP) Real Estate is a third-party management and apartment investment brokerage company located in the Cincinnati/Northern Kentucky area. The organization manages between 1,200 and 1,300 units, buys and sells apartment buildings, and conducts third-party management for clients. Operating since 2010, CAP Real Estates mission is to provide quality housing thats economical for […] The post Customer Story: CAP Real Estate appeared first on Rent Manager Property Managemen