Wed.Nov 20, 2024

article thumbnail

5 Essential Planning Tasks for Landlords

Rentec Direct

If you are a real estate investor who is choosing to self-manage your rental properties, there are specific planning and research tasks you should consider. This overview of essential planning tasks for landlords will help you ensure a successful rental business. Key Ideas: Taking the first steps to manage your rental property as a DIY […] The post 5 Essential Planning Tasks for Landlords appeared first on Rentec Direct Blog.

Landlord 303
article thumbnail

All About Multifamily Investing – The Ultimate Guide

Bay Property Management Group

Multifamily investing is a popular real estate investment option for many. In fact, multifamily units account for around a quarter of the U.S. footprint with more than $5 trillion dollars in asset value. There is a lot of multifamily investing going on and many people are taking advantage. If you are considering such an investment, particularly in Virginia, there is a lot to learn about and research.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

10 Key Lease Negotiation Tactics for Managing Commercial Properties

Beach Front Property Management

Finding the perfect commercial property for your business is an exciting milestone, but lease negotiations can sometimes feel overwhelming. Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities. It is important to ask for clarification on unclear terms, ensure flexibility for future business needs, and consider seeking legal advice to safeguard your interests and avoid potential issues later.

article thumbnail

How to Grow a Property Management Company: Proven Strategies for Success

BetterWho

Growing a property management company is a rewarding yet complex journey. It requires balancing tenant relations, property maintenance, client satisfaction, and team management. All while staying ahead of the competition. To scale successfully, property managers must adopt strategic approaches that optimize operations, attract new clients, and build a reliable team.

article thumbnail

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.

article thumbnail

Should board members be paid for their work?

Condo Control

If you’ve ever served on a board for a condo or HOA community, you can easily appreciate how much work is involved. Board members are elected volunteers, meaning they do not get compensated for any of their work. If they did get paid, the Foundation for Community Association Research estimates that their hourly wage would amount to roughly $31.80. Table of contents Reasons why board members are not paid Potential benefits of paying board members Board members can be reimbursed Small rewards m

article thumbnail

10 Ways to Give Thanks To Your Residents

Rent Manager

Next week, many Americans will gather around food-filled tables with family and friends to celebrate Thanksgiving. As we enter this season of appreciation, it’s fitting to let everyone in our lives know we’re thankful for them. Here are some ways you can give thanks to the residents in your life. Prepare a Welcome Basket You […] The post 10 Ways to Give Thanks To Your Residents appeared first on Rent Manager Property Management Software.

More Trending

article thumbnail

How to Name Your Holiday Cottage

Schofields Insurance

Reading Time: 5 minutes Naming your holiday home is an important step in starting a holiday letting business. Your holiday cottage name should catch people’s attention and be easy to remember. This makes marketing your property and creating brand awareness much more simpler. We have created this guide full of hints and tips to help you pick the perfect holiday cottage name and grow your business.

Media 94
article thumbnail

Seattle Hires Law Firm To Defend Against Landlord Lawsuit

Rental Housing Journal

The City of Seattle has hired a law firm to defend against a Seattle real estate investor suit alleging the city “destroyed” its ability to sustainably operate an affordable apartment property in the Chinatown International District, according to reports. The company alleges the city passed ordinances between 2018 and 2022 that hurt its ability to successfully operate a low-income apartment building.

article thumbnail

Landlords, What Are Your Wildest Tenant Stories?

BiggerPockets

Every landlord has some wild tenant stories. We’re sharing the ones you probably won’t believe in this episode.

article thumbnail

Is Office Tenant Demand Ready to Drive a New Development Cycle?

Colliers

New construction activity in the U.S. has been on the decline, with only 50.3 million square feet (MSF) in the active pipeline as of the end of the third quarter of 2024—marking the lowest level since late 2012. During the third quarter, 7.8 MSF of new space was delivered, bringing the year-to-date total to 27.

Tenant 76
article thumbnail

Here’s Why North Carolina Could Be the Next Big Time Boom State

BiggerPockets

The Raleigh and Charlotte, North Carolina, metros grew tremendously over the past five years, with a population growth of 11.53% and 8.81%, respectively (the U.S. average was 2.94%).

78
article thumbnail

Discovering Hidden Treasure in Your Unit Amenities - Amenity "Holes"

Multifamily Insiders

First 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 NAA’s 2024 Apartmentalize conference. In a year with at best anemic rent growth in most markets, operators are under tremendous pressure to find/save every possible dollar.

Lease 59
article thumbnail

Did the NAR Settlement Lower Commissions? Here’s What the Numbers Look Like Three Months After

BiggerPockets

After a mammoth $418 million National Association of Realtors (NAR) settlement threatened to decimate real estate agent commissions, AccountTECH, an accounting software firm, has crunched the numbers to see how […]

article thumbnail

10 Common Signs You Might Have Bed Bugs in Your Home

MaidThis

Bed bugs are notorious for being difficult to find and even more challenging to eliminate. The most effective way to safeguard your home is by spotting the signs of a bed bug infestation early on. Catching them in the initial stages makes bed bug removal more effective compared to handling a full-blown infestation. That’s why, in this blog, we’ll walk you through the ten most common signs you might have bed bugs so you can protect your home and your family.

article thumbnail

A comprehensive guide to serviced accommodation

GuestReady

Expert guide to serviced accommodation management. Learn from GuestReady's professional team on property setup, operations and maximising investment returns.

article thumbnail

Deep Cove Furnished 4 Bedroom Waterfront Home w/ Views & Beach Access

Sunstar Realty

Address: 4655 Strathcona Road, North Vancouver Rent: $25,000 Available: January 1, 2025 - short or long term - fully furnished Bedrooms: 4 + den Bathrooms: 5 Finished area: 3200sf Lot size: 50 x 100 (approx.) Levels: 3 Fireplaces: 1; wood burning Flooring: hardwood, cork, carpets, tiles mixed Outdoor: large stone paved patio, tiered view yards, beachfront Parking: double attached garage + driveway Deposits: half a month security deposit.

article thumbnail

FIRE Movement: Your Path to Financial Independence and Early Retirement

SparkRental

The Big Picture on Financial Independence and Retiring Early: The FIRE movement is about achieving financial independence and early retirement by maximizing savings, minimizing living costs, and investing in income-generating assets like stocks and real estate. Key to FIRE is a high savings rate combined with strategies to reduce spending and build passive income, allowing for financial security and freedom from a traditional career.

article thumbnail

Salt Lake City Ranks As A Top Place For Landlords In 2025

Rental Housing Journal

Looking ahead to the real estate landscape of early 2025, landlords and property investors are looking to identify the most promising markets and Salt Lake City and Phoenix rank high as great places for landlords. Laure Beck with MSN writes , “ While our previous analysis of the best cities for landlords in 2024 provided valuable insights, the dynamic nature of real estate means new opportunities are always emerging.

article thumbnail

Quitting His Job with Real Estate After Cracking the Cash Flow Code

BiggerPockets

Want to quit your job with real estate investing? Rookie investor Miller McSwain has a strategy anyone can copy to make serious cash flow.