Thu.Dec 12, 2024

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BOI Reporting: Corporate Transparency Act Update

Yardi Breeze

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). This pause gives businesses a temporary break from the reporting requirements discussed in this article. However, the court decision may be temporary, and the reporting rules could be reinstated at any time.

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4 Ways to Attract Long-Term Tenants in a Competitive Market

Bay Property Management Group

Working to successfully attract long-term tenants is often more challenging than it seems. From time to time, landlords may be plagued with tenant turnover, despite their best efforts.While its hard to predict whether a tenant will stay long-term at the outset, certain factors can help increase the chances of tenant longevity. Read below for some key tenant retention strategies.

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Chris Hitler Of MyStorageHome.com Talks Yardi Breeze Premier

Yardi Breeze

Chris Hitler is the general manager and owner-operator of MyStorageHome.com. He oversees nine storage facilities totaling over 2,500 units. With only two passive partners (one being his father), Chris has his hands full running the business. If that sounds like a lot of work for one person, we thought so too! We spoke with him to learn about his approach, how he balances demands and the role technology plays in streamlining operations.

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What to Look for in Potential Homes to Use as Flips

American Apartment Owners Association

Flipping houses can be a lucrative investment strategy if you know what to look for in potential properties. The process involves buying homes at a lower cost, renovating them, and then selling them for a profit. However, not every property is a good candidate for flipping. This comprehensive guide will walk you through the key factors to consider when evaluating potential homes to use as flips.

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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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How Entrepreneurs Can Start Using AI Without Feeling Overwhelmed

Forbes Business Council

I have made my share of mistakes, but I have also learned how to make it work. Here is what I would share with any entrepreneur who is ready to dive in.

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Wall Street’s Growing Role in the Housing Market Frustrates Small Landlords

American Apartment Owners Association

On a national level, institutional home buyersfirms owning at least 1,000 homesarent massive players yet. They only own around 1% of the U.S. single-family stock, according toParcl Labs. When it comes to investor ownership,smaller landlords with two to nine homesin their total portfolios are still the biggest players in the national housing market. That said, in a handful of regional pockets, institutional homebuyers have a greater presence.

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The Hidden ‘Double Whammy’ Facing Owners Who Hand Buildings Over To Lenders

American Apartment Owners Association

With billions of dollars worth of commercial real estate loans coming due, landlords with struggling properties are increasingly giving the keys to lenders and walking away. The decision amounts to owners trying to wash their hands of an investment gone bad, but many have found out the hard way that it isnt so simple. These transactions known as deed-in-lieu-of-foreclosure sales could wind up saddling them with a large tax bill.

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Entrepreneurial Divorce: How To Manage Business And Personal Challenges

Forbes Business Council

Divorce is a profoundly personal and often painful experience, made even more complex for entrepreneurs whose personal and business lives are closely intertwined.

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Everything But The Kitchen Sink

American Apartment Owners Association

You should not judge a book by its cover, but you might as well create a good one. A cover cannot tell you for sure if you will like reading the book. However, the cover does help you decide if it is a book you want to try. First impressions of ourselves, our businesses and/or our real estate are no different. Just like a reader, a renter does not know everything after a first impression, but they can know if they want a second one or not.

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Understanding The Misconceptions And Realities Of Employer References

Forbes Business Council

Breaking down these misconceptions is key to creating safer, more effective workplaces, especially in fields that demand high standards of trust and accountability.

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How Are Rental Real Estate Investments Handled In A Divorce?

American Apartment Owners Association

One of the most common assets that divorcing couples own is real property. In many cases, the real property is limited to the marital residence. However, some cases also involve either residential or commercial investment properties. In those more complex cases, it is important to understand how eachinvestment property and the income it generateswill be managed and ultimately distributed in a divorce in Arizona.

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Protecting IT Staffing Firms: Employee Dishonesty And Cyber Threats

Forbes Business Council

I believe the need for crime/fidelity bond coverage is only a part of protecting against evolving threats like social engineering and fraudulent deception.

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Multifamily Buildings Generate Revenue and Increase NOI With Resident Services

American Apartment Owners Association

In the competitive multifamily housing industry, property managers are constantly seeking innovative strategies to boost Net Operating Income (NOI), increase resident retention, and attract new residents. Traditionally, rental income constitutes the bulk of revenue for multifamily properties. However, relying solely on rent limits potential growth!

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Creating Pathways To Living Wages: How Businesses Can Support Young Talent

Forbes Business Council

Businesses with clear pathways to job opportunities can attract top talent and foster a skilled and motivated workforce that drives productivity.

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Tax Made Simple: Why Landlord Software is a Must for Property Portfolios

Landlord Vision

Paying taxes is part and parcel of running a successful property portfolio. Prioritising efficient tax management can help you save money and avoid penalties from HMRC. However, managing taxes for just one property can be time-consuming without the right tools. So, if youre managing a whole portfolio of properties, specialist software is a must! Landlord […] The post Tax Made Simple: Why Landlord Software is a Must for Property Portfolios appeared first on Landlord insider.

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How To Navigate The Commercialization Of Radiopharmaceuticals

Forbes Business Council

Successful commercialization begins with a thorough market analysis.

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Key Takeaways from the 2024 Colliers TAC Annual Event

Colliers

The 2024 Colliers Tenant Advisory Council (TAC) Annual Event provided industry relevant insights for TAC members, clients and partners through two days of workshops, panels, and networking opportunities. Our attendees heard from some of the largest occupiers and landlords in Manhattan, and developed new insights on issues that will impact occupiers into the future.

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How To Ensure Reporting Doesn’t Block Your Sustainability Progress

Forbes Business Council

The challenge that many sustainability leaders face today is that getting caught up in the bean-counting can block them from achieving desired outcomes.

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Investing in mixed use property: Benefits and investment insights

MRI Software

Mixed use developments are reshaping urban landscapes, with global projections showing over 20% growth in the next decade. These versatile properties combine residential, commercial, and retail spaces, meeting modern tenant demands for convenience and sustainability. For landlords, mixed use investment property represents a unique opportunity to diversify income and build vibrant, community-oriented spaces.

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Beyond The Sale: Understanding The Customer Motivation Journey

Forbes Business Council

The path from purchase to success is rarely smooth; it's marked by highs and lows, where customers oscillate between peaks of excitement and valleys of doubt.

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Tenant default insurance for landlords: Safeguarding your rental income

MRI Software

Did you know that around 15% of renter households in the U.S. were behind on their rent payments in 2021? A missed rent payment can create a domino effect of financial challenges. This is especially true when you rely on that income to cover mortgages, maintenance, and other expenses. Without a plan in place, landlords can quickly find themselves scrambling to fill financial gaps.

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Embracing Tenant Experience Technology To Energize Employees

Forbes Business Council

By prioritizing tenants' wants and needs, landlords can significantly enhance employee engagement, improve building occupancy, increase revenue and drive higher returns.

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Common causes of tenant default and how to address them

MRI Software

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. Whether its missed rent payments or a lease violation, understanding why tenants default and how to address these issues is key to protecting your rental business. This guide explores the common causes of tenants defaulting, actionable strategies to prevent and respond to a default by tenant, and the value of tools like tenant rent default insurance.

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Transitioning From B2C To B2B: The Shift From Product-Led Growth To Upmarket

Forbes Business Council

What happens when youve mastered the PLG game and its time to target larger, enterprise-level customers?

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Edmonds 2 Beds 2 Baths Penthouse w/ Balcony & Locker @ Cedar Creek

Sunstar Realty

Address: #615- 7169 14th Avenue, Burnaby Available: Now - long term unfurnished Bedrooms: 2 Bathrooms: 2 Finished area: 859sf Flooring: laminate, carpets and tiles mixed Outdoor: 1 balcony Parking: 1 underground stall Locker: 1 Deposits: half a month security deposit + fob deposits. Lease term: minimum one year lease. Move-in/out fees: as per strata bylaws.

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How Event Marketers Can Use Technology To Interact With Fans In Real Time

Forbes Business Council

The future of fandom is dynamic, interactive and personalized.

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Airbnb Holiday Safety Tips

Thanks For Visiting

Essential Airbnb Holiday Safety Tips for a Secure Stay The holidays are a time for celebration, family, and travel. Many families choose Airbnb for their holiday stays, enjoying unique accommodations and a home-away-from-home experience. But amid the excitement, safety precautions are key. For over a decade, Ive welcomed thousands of guests into my vacation rentals.

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Brick-And-Mortar's Second Act: Why Stores Must Become Experience Hubs

Forbes Business Council

Customers today arent just looking for products; theyre looking for connectionwith brands and with people.

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My story — unfiltered, with Sherrie Storor — podcast epsiode 21

PropertyMe

Three nuggets of wisdom from Sherrie Storers journey In the latest episode of Property Management and Me, I had the privilege of chatting with Sherrie Storer, real estate Coach, Mentor, Speaker and Agent who delivers a treasure trove of insights, sharing her rollercoaster journey from Agent to Coach, and everything in between. If youre in […] The post My story unfiltered, with Sherrie Storor podcast epsiode 21 appeared first on PropertyMe.

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Mastering The Art Of Soft Closing: Secrets From Top Insurance Agents

Forbes Business Council

In a high-stakes field like insurance, where clients seek security and long-term solutions, the soft close is a tool to build lasting relationships.

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How to drive retail performance with data-driven insights

MRI Software

Retailing has undergone enormous transformation in recent years. While e-commerce was already increasing, the pandemic greatly accelerated shoppers reliance on digital channels. One click delivers virtually anything delivered to your doorstep. However, in-store purchases still account for most retail sales. The Census Bureau of the Department of Commerce found that in Q3 2024, e-commerce sales account for only 15.6% of total retail sales.

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Leading Your Workforce Through Polarized Spaces: How Belonging Can Build Bridges In Divisive Times

Forbes Business Council

Belonging is a significant motivator of human behavior, influencing how individuals react to stress and uncertainty.

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Quick Hits | Global Investor Outlook 2025: Improving Liquidity

Colliers

Colliers Capital Markets recently launched its fifth annual Global Investor Outlook Report, synthesizing insights from industry leaders and data-driven research to highlight key investment trends, risks, and opportunities in commercial real estate. Here are 10 key takeaways, both globally and for the U.S.

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Guest Service Examples for Vacation Rentals

Hospitable

Guest Service Examples for Vacation Rentals By The Hospitable Team OTAs In todays highly competitive vacation rental market, providing exceptional service to guests is a top priority for hosts. Excellent customer service can enhance the overall guest experience and is often the difference between happy guests who leave glowing 5-star reviews and come back again and again and frustrated guests who give you poor Airbnb ratings.

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Office Distress Pushes Commercial Operating Costs up 17% in Minneapolis-St. Paul

Colliers

Commercial operating costs in Minneapolis-St. Paul over the past five years have seen dramatic growth due to increasing tax bills. The current average operating cost per sq. ft. per year across office, retail, and industrial buildings is up 17% year over year. Office operating costs are at $13.19 per sq. ft.

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The Role of Technology in Modern Property Management: Innovations for Redondo Beach Efficiency

Real Property Management Choice

Redondo Beach property management has shifted quite a bit over the last few years, and a lot of the change is due to technology. While we have been juggling an ever-changing market as property managers, we have also been working with tenants who are more educated than ever. We are operating within the confines of new laws and regulations, and we are also called to constantly improve our systems and provide a higher level of customer service to owners and tenants.