Thu.Apr 04, 2024

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Best Ways to Collect Rent – And Get Paid on Time

Real Property Management Chicago

Developing a dependable rent collection plan is imperative for rental property owners. In addition to setting the right rental price, managing rent payments stands as a key decision for property owners. With an effective rent collection strategy and prior preparation, you can prompt your tenants to submit their payments promptly. We’ll look into the best practices for gathering rent from tenants and outline the tactics to avoid.

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How To Determine A Fair Rental Rate Plus Factors To Consider

Rental Choice

Setting the proper rental rate can make or break a landlord’s success in the rental market. An inappropriately priced rental unit can discourage tenants from renting or lead to potential losses. It’s important to strike a balance to make the most out of the rental property. Factors to Consider: How Much Should I Charge for Rent? There is no set rule or standard when it comes to determining a rental price.

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Everything You Need to Know Before You Buy a Business

BiggerPockets

Buying a business? Maybe you’ve thought about it before. You could own a laundromat, self-storage facility, plumbing business, or landscaping service.

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Quick Hits | Debt Maturities: Loan Extensions are Real

Colliers

The MBA’s latest loan maturity report drove headlines across the industry. A total of $929 billion in loan balances, or one-fifth of outstanding commercial real estate debt, is due to mature this year. This figure is much higher than estimates from sources like Trepp, which is tracking $544 billion.

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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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Agents React to NAR Lawsuit Commission Change

BiggerPockets

The NAR lawsuit changed the real estate industry overnight.

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Your Rights and Responsibilities: Understanding Landlord Entry, Privacy, and More in Your Rental Home

Authority Property Management

Can a Landlord Enter Your Apartment Without Notice? As a tenant, understanding your rights and the landlord’s obligations is essential for maintaining a harmonious living arrangement. This blog post aims to provide clarity and guidance for renters. In renting a home, it's crucial for both landlords and tenants to understand their respective rights and responsibilities, particularly when it comes to landlord entry and privacy.

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What is real estate portfolio management and why is it important?

MRI Software

When you’re involved in property investment, it’s essential to understand what real estate portfolio management is and why it’s important for your business. It’s a strategic approach that ensures all assets within your portfolio are managed efficiently to maximize returns while minimizing risks. This process benefits significantly from specialized tools like real estate investment software , which streamlines operations from fixed asset management to comprehensive investment oversight.

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Essential Tips for Being a Good Landlord

Real Property Management DC Metro

It’s feasible for anyone to become a landlord. Nevertheless, effort and comprehension are essential to become an effective landlord. No matter if you’re new to rental ownership or a seasoned landlord, this moment is ideal for developing habits that differentiate superior landlords. Here are some prime tips to advance your skills and professional demeanor.

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What is a building management system?

MRI Software

What is a building management system and how can it help your building? At the core of modern real estate management, a building management system (BMS) marks a pivotal shift toward more integrated and intelligent building operations. From energy savings to enhanced operational efficiency, a BMS (often working hand-in-hand with an energy management system ) transforms how buildings are managed, making them more sustainable, efficient, and occupant-friendly.