Wed.Feb 26, 2025

article thumbnail

AI in Property Management: What’s Hype vs. What Actually Works?

BetterWho

AI in Property Management: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the property management business is no exception. However, amidst the excitement, it’s crucial for property managers to distinguish between what’s merely hype and what genuinely delivers value. This article delves into the practical applications of AI in property management, highlights tools making a real impact, and debunks common myths surrounding AI in th

article thumbnail

Can A Landlord Charge a Cleaning Fee After You Move Out?

Bay Property Management Group

Moving out of a rental can be a bit overwhelming, especially if youre not sure what to expector what it might end up costing you. From the final inspection to the cleaning requirements, theres a lot to think about. But, at the end of the day, can a landlord charge a cleaning fee after you move out? In this guide, well break down the move-out process, explain whats considered normal wear and tear, and give you tips on how to avoid disputes over cleaning fees.

Landlord 130
Insiders

Sign Up for our Newsletter

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

article thumbnail

BOI Reporting: Corporate Transparency Act Update (Feb. 2025)

Yardi Breeze

Latest update: 2/26/2025 The U.S. District Court for the Eastern District of Texas has determined at that Beneficial Ownership Information (BOI) are back in effect. For most companies, the new reporting deadline is March 21. Update: January 3, 2025 On December 27, 2024, the United States Court of Appeals for the Fifth Circuit temporarily blocked enforcement of the Corporate Transparency Act (CTA).

article thumbnail

Can You Deduct Your Own Labor on a Rental Property, Answered

Bay Property Management Group

Owning a rental property often means wearing many hatslandlord, accountant, and sometimes even handyman. So, you figure, you might as well benefit from all that hard work. So, if youre taking care of repairs yourself, can you deduct the cost of your own labor on a rental property? Its a fair question, especially with taxes always creeping up. After all, hiring contractors is deductible, so shouldnt your own hard work count too?

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

A Proactive Approach to Stopping Harassment Before It Starts

Rental Housing Journal

Preventing Fair Housing violations requires a proactive approach by housing providers to catch issues before they arise and stop harassment before it starts. By The Fair Housing Institute In property management, ensuring a safe and respectful living environment isnt just about reacting to problemsits about preventing them before they arise. Illegal harassment by employees or contractors can lead to fair housing complaints, legal consequences, and damage to a companys reputation.

article thumbnail

Feature Enhancement | New Notification Options for Scheduled Payment Reminders

Rentec Direct

A new feature has been added to Rentec Directs property management software allowing team members to customize the email notifications they receive regarding renter payments. Customization options, like this new Payment Reminder Toggle, gives Rentec Direct clients another tool to personalize their software experience to fit their rental management needs.

More Trending

article thumbnail

Why Invest in a Holiday Rental?

AirKeeper

Holiday rentals have emerged as a lucrative investment opportunity, offering property owners the potential for strong returns in a growing market. The rise of short-term rental platforms like Airbnb has transformed the industry, allowing investors to generate income through flexible, high-yield rental arrangements. With increasing demand for unique and home-like accommodations, short-term rentals attract a broad range of travelers, from holidaymakers to business professionals.

article thumbnail

Short-Term Rental Revenue Management: Tips for Hosts with Large Portfolios

Zeevou

Effective short-term rental revenue management goes beyond just setting prices. Its about strategically balancing pricing, occupancy, and profitability. For hosts managing large portfolios, this becomes even more complex, requiring a data-driven approach that leverages advanced tools and market insights. Without the right strategies, scaling up can lead to inefficiencies and missed revenue opportunities.

article thumbnail

Cross-Disciplinary Leaders Are The Future Of Innovation

Forbes Business Council

Today, I believe the most transformative innovations emerge not from deep specialization, but from the intersection of diverse fields.

109
109
article thumbnail

DOGE Takes Aim at Section 8—Will Vouchers Lose Funding?

BiggerPockets

DOGE (the Department of Government Efficiency) has been ripping through the federal government like a chainsaw.

article thumbnail

Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

article thumbnail

4 Marketing Side Hustles That Can Become A Career

Forbes Business Council

Video editing, web design, no code apps and user-generated content are all promising side hustles that can be transformed into lucrative professions.

108
108
article thumbnail

The Secret to More Leases: Just Ask for it!

Multifamily Insiders

The Secret to More Leases: Just Ask for It! Closing is the most critical step in the leasing processand yet, it's often overlooked. Many leasing professionals excel at building rapport, showcasing the apartment, and handling objections, but when it comes to asking for the commitment, they hesitate. If you want to secure more leases, the key is sim.

Lease 86
article thumbnail

How Companies Can Make Large-Scale Internal Meetings More Engaging

Forbes Business Council

Approaching large-scale company meetings with an employee-centric mindset can ensure these gatherings remain engaging.

106
106
article thumbnail

A new version of Landlord Vision 

Landlord Vision

Introduction As some of you may know, we have built a new version of Landlord Vision. We released this in September 2023 and it has been the main product for sale on the website since then. Over the last year and a half or so, weve been working hard to add more features that we […] The post A new version of Landlord Vision appeared first on Landlord insider.

article thumbnail

Four Factors For Successful Change Initiatives

Forbes Business Council

Four factors, combined with an ability to work with differing personalities, can provide a powerful recipe to execute your current initiative.

105
105
article thumbnail

High-ROI “Value-Add” Renovations for Any Budget ($5K – $50K+)

BiggerPockets

Which rental renovations give you the biggest bang for your buck, turning a few thousand dollars of materials and labor into hundreds of more dollars of rent per month and […]

Rent 73
article thumbnail

3 Reasons You Should Back Up Your Cloud Data (And How To Do It)

Forbes Business Council

No matter its size, every organization stands to gain from a well-thought-out backup strategy.

IT 104
article thumbnail

The Components of a High-Performing Third-Party Management Firm

Multifamily Insiders

As a rental property owner, your first instinct is to use a hands-on approach. You want to manage all your assets with your very own teams. But as your portfolio grows, that ambition may become a bit less feasible. As such, many owners decide to outsource to third-party management firms. All third-party management firms, however, aren't created equ.

article thumbnail

How To Empower Your Job Search With Reverse Recruiting

Forbes Business Council

In todays competitive job market, standing out often requires a strategic approach that showcases your unique value.

98
article thumbnail

How to get land zoned for multifamily

MRI Software

Rezoning land for multifamily use can be a complex but rewarding process. With the growing demand for rental housing, more investors and property owners are looking to develop multifamily properties as a profitable long-term investment. Successfully navigating the zoning process can unlock new opportunities and maximize the potential of your land. This guide will cover everything you need to know about getting land zoned for multifamily development.

article thumbnail

What VC Founders Need To Know About Exit Pressure

Forbes Business Council

Many VCs are nearing the end of their investment cycles, and that means one thing: The clock is ticking.

91
article thumbnail

Why Pet Data is the Missing Piece in Your Property Management Strategy

Multifamily Insiders

In multifamily, it's no secret that pet-friendly policies can attract and retain residents. But to stand out in a competitive market, properties must go beyond simply welcoming petsthey need to understand them. The challenge? Many properties have no real grasp of their pet population. They rely on pet fees or rent rolls to estimate numbers, but th.

article thumbnail

Dispelling Five Common Payment Recovery Myths

Forbes Business Council

Withcustomer acquisition costs rising, more subscription-focused businesses are searching for ways to improve customer retention and extend lifetime value.

89
article thumbnail

How to Find “Hidden” Deals That Most Investors Miss (Even as a Beginner)

BiggerPockets

There are all kinds of hidden real estate deals floating around, and if you take action in this housing market, you could beat everyone else to themeven if youre new […]

article thumbnail

How To Fall In Love With Work

Forbes Business Council

When you love what you do, work can feel like playeven if it seems like tough labor to others.

IT 88
article thumbnail

10 Lessons from 10 Years in Digital Marketing: Insights for Property Managers and Small Businesses

Fourandhalf

What can happen in a decade? A lot. This week marks my 10-year anniversary — a full decade — of working in property management marketing. As I reflect on the past 10 years, I am amazed at how much has changed in the digital marketing landscape. From social media to search engine algorithms, technology and consumer behavior have evolved significantly.

article thumbnail

A(I)nxiety In Beauty: How To Overcome AI Fears In The Industry

Forbes Business Council

Without proper education, AI remains intimidating rather than empowering.

article thumbnail

What’s Driving California’s Commercial Real Estate Shakeup?

Esquire Property Management Group

California Commercial Real Estate Survey conducted by UCLA underscores substantial transformations within the state’s commercial real estate industry which is the industry trend setter throughout the United States as always. These trends and market modifications are propelled by the increasing utilization and necessity of system-wide cloud computing , accelerated machine learning, advanced artificial intelligence (AI) develepment, and a seemingly endless hybrid work paradigm.

article thumbnail

Lessons From Kazakhstan’s Transition To Smart Grids

Forbes Business Council

Kazakhstan's experience with smartgrids could serve as a valuable resource for countries facing similar challenges.

72
article thumbnail

Traditional Investment Advice is Outdated—Why the 60/40 Portfolio is Dead

BiggerPockets

In the 1950s, economist Harry Markowitz developed the Modern Portfolio Theory, proposing the 60/40 portfolio as a balance between stocks and bonds.

IT 60
article thumbnail

3 Tips To Outwit Stress (Before It Happens)

Forbes Business Council

Its important to learn how to mitigate stress before its negative effects begin to take hold.

IT 71
article thumbnail

Developmental Pathways: Passionate For Inclusivity

Yardi Breeze

Developmental Pathways (DP) wasfounded in 1964 in Aurora, Colorado, and serves over 15,000 individuals with disabilities. It is a designated Case Management Agency (CMA) for long-term care services in Arapahoe, Douglas and Elbert counties and one of Colorados Community Centered Boards (CCB) connecting people to federal, state, county and private funding.

article thumbnail

The Importance Of Giving Back: Making Time For Pro Bono And Charitable Work

Forbes Business Council

The goal of a for-profit business is obviously making more profit. So, it might sound counterintuitive to spend time on work that does not generate direct revenue/profit.

IT 66
article thumbnail

Downtown 1 Bed + Den Condo w/ Balcony & Fireplace @ Paris Place

Sunstar Realty

Address: #813- 555 Abbott Street, Vancouver Rent: $2800 Available: March 23, 2025 - long term unfurnished Bedrooms: 1 + den Bathrooms: 1 Finished area: 742sf Fireplaces: 1; natural gas Flooring: laminate floors, tiles mixed Outdoor: 1 balcony Parking: 1 underground stall Deposits: half a month security deposit + fob deposits. Lease term: minimum one year lease.

article thumbnail

Five Tips For Hiring Expat Americans

Forbes Business Council

With the right expats on your team, you might fill a critical need with a strong worker who requires little management and is even cost-effective.