Fri.Nov 22, 2024

article thumbnail

Navigating the Storm: Effective Crisis Management for Rental Properties

Real Property Management Evertrust

Unexpected crises – an inevitable tragedy, protracted power outage, or emergency maintenances – can create major disruptions for rental properties. For property owners, these incidents can bring about property damage, renter displacement, and costly repairs. For renters, a disaster could initiate the devastating loss of their houses, belongings, and so on.

article thumbnail

The Next Chapter in Property Management: Trends to Watch Out For

Real Property Management Chicago

The swift change in the rental property management industry is no surprise. New advanced technologies, fluctuating renter demographics, and unstable market dynamics are part of what is driving this development. All of these factors, taken together, have lastingly altered the property management landscape. As a professional in the industry, staying ahead of the trends is imperative.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Feature Enhancement|Text and Email Property Owners Through Work Orders

Rentec Direct

Communicating with owners directly through work orders, via the integrated text and emailing options, within Rentec Direct’s software will foster strong communication and strengthen the bond between property managers and owners, assuring owners their investment is in good hands. At Rentec Direct, we recognize the challenges of maintaining clear communication while managing various responsibilities.

Property 155
article thumbnail

GST Rules for Housing Societies in India

ADDA

Goods and Services Tax (GST) is a comprehensive tax system introduced in India to streamline indirect taxation. While it impacts various sectors, its applicability to housing societies often raises questions. Housing societies, acting as non-profit entities, are still liable to pay GST under specific conditions. Understanding GST compliance is vital for avoiding penalties and ensuring smooth operations.

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

BOI Reporting: Corporate Transparency Act Update (Late 2024)

Yardi Breeze

Protect yourself from costly penalties by ensuring compliance with the Corporate Transparency Act and FinCENs BOI reporting requirements. For businesses formed before January 1, 2024, compliance will ensure you avoid fines of $591 per violation per day (subject to inflation). The Corporate Transparency Act (CTA) is changing the way businesses handle beneficial ownership reporting.

article thumbnail

Waste Management Best Practices for Housing Societies

ADDA

Effective waste management in housing societies is essential to ensure a clean, sustainable, and healthy environment for all residents. Managing waste effectively reduces pollution, minimizes health risks, and promotes responsible living. In this blog, well explore some of the best practices for managing waste in your housing society, as well as provide a useful Waste Management Implementation Plan for easy adoption.

More Trending

article thumbnail

California’s New Lock-Change Law: What Landlords in Redding, Anderson, and Shasta Lake Need to Know

Authority Property Management

Understanding SB 1051: A Guide for Landlords on Supporting Tenant Safety and Compliance. What California Landlords Should Know About the New Lock-Change Law for Victims of Abuse Alright, California landlords, buckle up! January 1, 2025, is right around the corner, and with it comes Senate Bill 1051, a new law that means more responsibility for you when it comes to protecting tenants who’ve been victims of abuse or violence.

Landlord 105
article thumbnail

Best Cities for Real Estate Investment by GRM (Price/Rent Ratio) in Q4 2024

SparkRental

The Big Picture On The Best Cities for Real Estate Investment By GRM: As of the start of Q4 2024, the national average GRM in the U.S. stands at 13.78, though this figure varies significantly across different regions, highlighting the importance of local market analysis. Cities with lower GRMs often present better investment opportunities, as they suggest higher rental income relative to property prices, enhancing potential returns.

article thumbnail

Boosting Resident Retention: Proven Strategies That Work

Real Property Management California Coast

As a rental property owner, you already comprehend that renter retention is one of the keys to long-term success. Not only do high turnover rates increase costs, but as a matter of fact, they can indeed disrupt the stability of your investment property in other ways. Considering this, resident retention should be a top priority for landlords and rental property owners alike.

article thumbnail

Navigating the Storm: Effective Crisis Management for Rental Properties

Real Property Management Enterprises

Tragedies, prolonged power outages, or emergency repairs are some of the unexpected crises that can lead to major disruptions for rental properties. Property damage, renter displacement, and costly repairs are all possible consequences of these incidents for property owners. Renters encounter the potentially devastating loss of their houses, possessions, and more in the event of a disaster.

article thumbnail

Surprising Housing Markets Where Investors Are Seeing the Most Price Growth

BiggerPockets

Much of the pandemic-era hotspots have cooled down, namely in Florida.

81
article thumbnail

Why So Serious? 5 Reasons Why You Should Show Your Personality in Business

Multifamily Insiders

It's time to consider why professionalism is so serious in an industry where it's frequently associated with being solemn and serious. The Joker in The Dark Knight memorably asked this question, "why so serious?", which serves as a reminder that adding personality to our professional encounters can result in more genuine connections and bette.

IT 59
article thumbnail

How Much of Your Net Worth Should Each Real Estate Investment Make Up?

BiggerPockets

If you invest right, real estate can offer asymmetric returns: high potential returns with relatively low risk.

article thumbnail

Fairview 3 Level 3 Bed + Flex 2 Bath Luxury Townhouse @ Sixth & Steel

Sunstar Realty

Address: 7XX W.6th Avenue, Vancouver Available: January 20, 2025 - long term unfurnished Bedrooms: 3 + flex Bathrooms: 2 Finished area: 1560sf Levels: 3 Flooring: hardwood, tiles mixed Outdoor: small front & back patios + balcony Parking: 2 underground stalls Locker: yes Deposits: half a month security deposit + fob deposits. Lease term: minimum one year lease.

article thumbnail

Best Neighborhoods for Airbnb Real Estate Investments in Atlanta

Host Tools

Atlanta is both the bustling capital of Georgia and a hub for real estate investors. This blog aims to guide real estate investors, property managers , and Airbnb hosts through the enticing landscape of the Atlanta real estate market. We’ll focus on the best neighborhoods for a short-term rental real estate investment in Atlanta, Georgia. Host Tools provides an automated, unified calendar for short-term rental hosts, allowing you to seamlessly list on all major channels.

article thumbnail

Marinaside Furnished 2 Level 3 Bed Waterfront Townhouse by the Seawall

Sunstar Realty

Address: 1061 Marinaside Cres, Vancouver Available: February 1, 2025 - fully furnished Bedrooms: 3 Bathrooms: 2.5 Finished area: 1366 sf Levels: 2 Flooring: hardwood, tiles mixed Outdoor: patio Parking: 1 underground stall Deposits: half a month security deposit + fob deposits. Lease term: minimum one year lease. Move-in/out fees: as per strata bylaws.

article thumbnail

Co-Living: The Ultimate Hack for DC Living

Nest DC

Let's talk about the elephant in the room: living in DC is expensive. But what if we told you there's a way to live in some of DC's most vibrant neighborhoods, in beautifully furnished spaces, with ALL utilities included, for way less than a typical studio? Enter co-living, your wallet's new best friend. What Exactly is Co-Living? Think of it as the grown-up version of communal living – minus the shower shoes and questionable kitchen situations.

article thumbnail

Calculating NOI for Real Estate and How to Start Investing with $70K (Rookie Reply)

BiggerPockets

Want to estimate your NOI (net operating income) BEFORE you buy a rental property?

article thumbnail

FI by 34 After Making “Calculated” Bets that 99% of Us Would NOT Take

BiggerPockets

If you follow the almost unbelievable path of today’s guest, you, too, could achieve financial independence in your thirties. Would we recommend mimicking his strategy step-by-step? No!

41
article thumbnail

Can Trump Push Jerome Powell Out of the Fed?

BiggerPockets

Has the Federal Reserve gone too far? Many Americans are critical of the Fed’s move to raise interest rates sharply, pause for years, and then slowly start implementing rate cuts.