June, 2023

article thumbnail

4 Ways to Future-Proof Your Property Management Business

Appfolio

Gain expert advice and insights on how to overcome property management’s top challenges and future-proof your organization, with a recap from AppFolio’s 2023 Apartmentalize panel session.

article thumbnail

How to Create Airbnb Photo Captions In 60 Seconds with CHAT GPT

Get Paid For Your Pad

You’ve probably noticed that bookings have slowed in 2023. There’s still strong demand, but there’s a lot more hosts and listings compared to a few years ago. In our market Idyllwild for example, the number of listings went up from 485 to 662 in the last three years. That’s a 36% increase.

Airbnb 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

Scaling Up: Transitioning from Single-Family to Multi-Family Rentals

Real Property Management Chicago

Investing in multifamily rental properties as opposed to single-family rental properties can expand a portfolio and present new financial opportunities. It’s crucial to first understand any potential difficulties with multifamily leases. Buying a multifamily property is typically a more involved process than purchasing single-family rentals, not to mention more expensive initially.

article thumbnail

Elon Musk Says Home Prices Are Going To Fall—Is The World’s Richest Person Right?

BiggerPockets

That’s what Tesla and SpaceX founder Elon Musk tweeted last week in response to a stream of tweets from venture capitalist David Sacks.

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

Where to Find the Best Comps Calculator

Mashvisor

Real estate comps are a great way of measuring how profitable a property could be. A good comps calculator can certainly elevate your game.

article thumbnail

Population Growth and Housing Costs

Florida Property Management

Economic and Fiscal Policies and Rental Housing Population Growth, Economic and Fiscal Policies and Rental Housing No question that the driving force for economic development and real estate values is population growth. Of course population growth is also fueled by employment growth, primarily private sector employment growth. There are only two sources of population growth: natural increase and net migration.

More Trending

article thumbnail

Revenue Management Tips For Airbnb Hosts

Get Paid For Your Pad

One of the things I’m a big fan of is to learn from the best of the best. But that’s easier said than done in today’s world. I’ll give you an example.

article thumbnail

Investing in a Greener Future: Prioritize a Recycling Program for Your Multifamily Rentals

Real Property Management Chicago

Recycling can be an effective method for reducing waste in the United States and fostering a healthier environment. More than any prior generation, renters today are environmentally conscious. Renters, property owners, and landlords can all gain significantly from establishing a recycling program for their multifamily properties for a variety of reasons.

Tenant 130
article thumbnail

The Late Starter’s Guide to Financial Independence (Even in Your 50s!)

BiggerPockets

Is early retirement possible if you’re dead broke in your 50s? What about regular retirement when you have a negative net worth later in life?

93
article thumbnail

Quick Hits | MSCI May Update

Colliers

Office Office volume was again stunted, which is likely to persist in the near term. CBD activity remains light, while suburban volume is stronger overall. Generally, trades are still small, and conversion plays are picking up.

Retail 52
article thumbnail

A Practical Guide to Moving with Pets

Real Property Management DC Metro

Moving could be both an exciting and stressful time for you and your pet. Therefore, it is essential to begin preparing your companion for the move immediately. Moving even a short distance can disrupt your pet’s routine and sense of safety, and long-distance relocations can be especially challenging for a furry family member. Here are some tips for preparing your pet for the big day so that their relocation is as stress-free as feasible.

License 52
article thumbnail

6 Tips for Developing a Successful Property Management Team

Real Property Management California Coast

A property manager’s job is one of the most diverse roles in real estate investing. During a single day, a property manager can be a marketer, private detective, customer relations officer, financial records keeper, handyperson, and debt collector. Even when managing a single property, being a property manager can be overwhelming. The difficulty of the job only increases as the business grows.

article thumbnail

Co-Op vs. Condos: Understanding the Difference Before You Buy in DC [Bonus Tips for Renting]

Nest DC

If you’re looking into buying a unit within a building, it’s not always clear exactly what type of structure you’re buying into and what the pros and cons are. You may be lured in by a low list price, only to discover that it’s part of a cooperative. What does that mean? And, is it important? After single-family row homes and townhouses, condominiums (condos) and cooperatives (co-ops) are two popular housing types in Washington, DC, for potential buyers.

Rent 52
article thumbnail

Maximize Your Moving Sale: 10 Steps for Success

Real Property Management Chicago

Are you planning a move in the near future and looking for methods to reduce moving costs? You may hold a moving sale! This might be an excellent method to get rid of some of your unwanted items while making some extra cash. But how can you ensure the success of your relocation sale? If you follow these ten suggestions, you will be well on your way to conducting a simple and successful moving sale. 1.

article thumbnail

Rookie Reply: Pre-Foreclosures and How to Cut Your Property Management Costs

BiggerPockets

Let’s face it—property management fees aren’t cheap.

article thumbnail

Nearshoring in Mexico: A Game-Changer for Manufacturing Operations

Colliers

Nearshoring manufacturing to Mexico has become a compelling trend, fueled by factors like proximity to the U.S. market, cost advantages, favorable trade agreements, and a skilled workforce. Mexico offers geographical and time-zone benefits, making it an attractive option for businesses seeking operational improvement. The U.S.

article thumbnail

How to Maintain the Hardwood Flooring in Your Capitol Hill Rental

Real Property Management DC Metro

A hardwood floor can increase the value and aesthetic appeal of a single-family rental property. To safeguard the state of the hardwood floors in your rental home, you must take extra precautions. Regular maintenance is essential. Inadvertently or ignorantly, many occupants frequently abuse hardwood floors by scratching and gouging them. One of the best methods to keep the hardwood floors in your rental home in good condition and visually appealing is through regular hardwood floor maintenance.

article thumbnail

How to Maintain the Hardwood Flooring in Your El Segundo Rental

Real Property Management California Coast

A single-family rental house might benefit from the value and beauty of a hardwood floor. To preserve your rental property’s hardwood floors in good condition, you must take additional measures. Regular maintenance is essential. On hardwood floors, renters can be exceedingly rough, accidentally scratching and gouging them out of ignorance. Proper hardwood floor maintenance is one of the most effective ways to preserve the functionality and aesthetic allure of the hardwood floors in your El

article thumbnail

Q1 2023 Apartment Rent Report: Portland, OR

Rentometer

Summary This rental market report looks at how Portland, Oregon apartment rent prices have changed in Q1 2023. According to our data, two-bedroom apartments had the largest rent price increase of 20% while three-bedroom apartments had the smallest increase of 11%.

article thumbnail

Washington DC Security Deposit Laws

Nest DC

Though Washington DC is bordered by Virginia and Maryland, it has its own landlord-tenant Laws that differ from the states around it. While you’re not required to ask your tenants for a security deposit, we recommend requesting one. Security deposits help protect your property from costly damages, which helps your bottom line and ROI in the long term.

article thumbnail

How Long Does It Take to Close On a House?

BiggerPockets

Navigating the closing process on a house is a daunting task. Learn how long it takes to close on a house, along with the information you need for the process.

IT 92
article thumbnail

Reimagining Work: Unveiling the Importance of Belonging

Colliers

As workplaces evolve, the strongest amenity any company can offer in the new work experience is its people. Belonging, the ultimate pursuit, is about establishing meaningful connections and unlocking a sense of purpose within the workplace.

IT 52
article thumbnail

Is it Time for a New Redding Property Management Team? Signs You Need Better Property Management

Authority Property Management

Navigating a change in property management can be intimidating, especially when your investment property is at stake. But, if your current management isn't providing the service and value you deserve, it might be time to explore new options. A solid relationship with your property management team should be built on trust, transparency, and tangible results.

article thumbnail

Contractor Hiring 101: Tips, Tricks, and Red Flags to Avoid

Real Property Management California Coast

Hiring competent, trustworthy contractors to handle your property improvements and repairs can be one of the most difficult aspects of investing in Torrance single-family rental homes. Few investors have the time or resources to hire a contractor who consistently delivers subpar results. But in actuality, there are people out there who will attempt to deceive you out of your money and then leave you.

article thumbnail

Q1 2023 Single-Family Rent Report: Indiana

Rentometer

Summary This rental market report examines rent prices for five of the most analyzed cities on Rentometer and five cities with the lowest GRM in Indiana in Q1 2023. According to our data, Fort Wayne had the largest year-over-year rent increase of 24%, while West Lafayette had the smallest increase of 9%.

Rent 52
article thumbnail

The Future of Co-Living in Washington, DC: An Ultimate Guide

Nest DC

As the demand for short-term living options continues to grow in Washington, DC, the co-living real estate market is expected to expand in the coming years. This guide will explore the benefits of co-living in the city and highlight some of the best co-living buildings that are worth considering.  One of the key drivers of the growth in co-living is the changing attitudes of younger generations towards homeownership and traditional living arrangements.

article thumbnail

How to Choose a Multifamily Realtor

BiggerPockets

If you are buying or selling a multifamily property, the realtor you choose could be important. Learn about what to look for when finding a multifamily realtor.

article thumbnail

Quick Hits | Consensus Forecasts: What Consensus?

Colliers

It’s a tricky time to be an economist, armchair or otherwise. Data is all over the place, complicating the near-term outlook. Job growth has been surprisingly robust while manufacturing activity has been falling steadily for months. The yield curve has been strongly inverted for some time.

article thumbnail

Contractor Hiring 101: Tips, Tricks, and Red Flags to Avoid

Real Property Management DC Metro

Hiring competent, trustworthy contractors for your property improvements and repairs can be one of the most difficult aspects of investing in Brookland single-family rental properties. Few investors have the time or resources to hire a contractor whose work is merely substandard. However, the truth is that there are con artists and other people out there who will attempt to scam you of your money and then abandon you.

article thumbnail

What’s the Best Tool for Doing Market Analysis in Real Estate?

Mashvisor

Conducting research and market analysis in real estate is essential to becoming a successful investor, helping you find the right investment.

article thumbnail

Q1 2023 Apartment Rent Report: San Francisco, CA

Rentometer

Summary This rental market report looks at how San Francisco, California apartment rent prices have changed in Q1 2023. According to our data, one-bedroom apartments had the largest rent price increase of 15% while three-bedroom apartments had the smallest increase of 9%.

article thumbnail

Things To Do In Sunshine Valley

Lifty Life

The Top 10: Things To Do In the Sunshine Valley Sunshine Valley is a picturesque destination located in British Columbia, Canada, known for its natural beauty and outdoor recreational opportunities. There are near endless things to do in the Sunshine Valley and surrounding region, here are our favourite 10! 1. Hiking and Nature Walks Explore the scenic trails in Sunshine Valley and immerse yourself in nature.

IT 52
article thumbnail

Decor Matters: Where to Find Inexpensive, Instagrammable Art for Your Airbnb

BiggerPockets

Congrats! You just closed on your new STR. Now the race is on to fix everything and prepare it for guests and 5-star reviews.

Airbnb 92
article thumbnail

U.S. Retailer Foot Traffic Analysis | May 2023

Colliers

Retail fundamentals improved in May as foot traffic increased by 6.6%, and sales grew by 0.3% over April. Read now.

Retail 52
article thumbnail

The Importance of Investing in Top-Notch Airbnb Turnover and Cleaning Services

Zesty Maids

Introduction: As an Airbnb host, ensuring a seamless and enjoyable experience for your guests is paramount. One of the key aspects that significantly contributes to guest satisfaction is a clean and well-maintained space. In this blog post, we will delve into the importance of investing in a top-notch Airbnb turnover and cleaning service. We will discuss why it's crucial not to skimp on this essential aspect of hosting and how upcharging guests on cleaning fees can be disadvantageous.

Airbnb 52
article thumbnail

Why Your Real Estate Business Needs a CRM

Mashvisor

Looking to unlock the full potential of your real estate business? Then look no further than a customer relationship management (CRM) system.