Fri.Jun 14, 2024

article thumbnail

Short-Term Rental or Long-Term Rental: What’s the Best Fit?

Real Property Management Chicago

Renting a new home in Palatine requires making a lot of important decisions. One of the most important decisions is choosing between a short-term or long-term rental. As each renter has different circumstances, there’s no one right answer. Weighing the pros and cons of each rental type is essential, and you should choose the one that best meets your needs.

Lease 130
article thumbnail

Airbnb Is Pairing Up With Mom-and-Pop Investors to Win Its War—but Is It Too Late?

BiggerPockets

When New York City banned short-term rentals (under 30 days) under Local Law 18 in September 2023, 15,000 landlords suddenly found themselves without income, many struggling to pay their mortgages.

IT 93
Insiders

Sign Up for our Newsletter

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

article thumbnail

Troubleshooting Electrical Issues

Real Property Management California Coast

If you experience electrical problems in your rental, like flickering lights, dead outlets, or frequently tripping circuit breakers, you might be curious about solutions. While it’s crucial to prioritize safety and think about hiring a licensed electrician for major problems, you can try some troubleshooting for common electrical issues. Taking steps like checking for tripped circuit breakers, testing outlets, and inspecting light fixtures can help you understand the problem and decide what to

article thumbnail

4 Unconventional Signals That Show Me Untapped Potential in a Real Estate Market

BiggerPockets

We all know the basics for market analysis, but these less conventional signals can be game changers.

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

Conflict of Interest: Balancing Sales and Property Management Responsibilities

Authority Property Management

Explore how sales agents might face conflicts of interest when juggling property sales and management duties, potentially compromising service quality. Real estate brokers often face a significant dilemma: should their sales agents also manage properties? While it might seem efficient to consolidate these roles, the reality is that balancing sales and property management responsibilities can lead to conflicts of interest that compromise service quality.

article thumbnail

How to Show a Rental Property (6 Simple Steps)

BiggerPockets

When you know how to show a rental property, you'd better position yourself to find a tenant in short order. Here are the six steps you must take to show a rental property to prospective tenants.

More Trending

article thumbnail

Initial Market Analysis Is the Most Important Part of Any Real Estate Deal

BiggerPockets

Purchasing a property in just any market won't guarantee financial freedom. Here's why market analysis is so important to achieve your goals.

article thumbnail

The Fed Stalls as High Rates Cause More Pain—What Is Powell Doing?

BiggerPockets

As far as real estate investors are concerned, there’s more bad news than good from the latest Federal Reserve meeting.

article thumbnail

How to Market Your Rental Property (8 Tips for Landlords)

BiggerPockets

There’s no right or wrong way to market your rental property, but there are some tips you can follow to increase the likelihood of quickly finding a quality tenant.