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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.
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.
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.
Speaker: Jady West, VP of Hospitality & Chris Bennett, Head of Sales & Engineering
The modern hotel room is no longer just a place to stay—it’s an experience to remember. Today’s guests expect seamless 5G connectivity, personalized comfort, and high-tech convenience. From AI-powered smart room controls to in-room entertainment and app-based services, technology is redefining hospitality from the inside out. In this new session featuring industry pros Jady West and Chris Bennett, we’ll explore how high-speed, high-bandwidth connectivity powers the innovations that are enabling
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.
While operators are optimistic about the future of the affordable housing management industry, challenges remain. But with challenges come opportunities for long lasting solutions. Check out our 2023 Affordable Housing Industry Pulse for a data-driven deep dive into both.
While operators are optimistic about the future of the affordable housing management industry, challenges remain. But with challenges come opportunities for long lasting solutions. Check out our 2023 Affordable Housing Industry Pulse for a data-driven deep dive into both.
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.
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.
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.
Running a successful vacation rental business can be lonely and confusing at times. But thanks to social media, you dont have to figure everything out alone. Online groups can be a great place to connect with others in the same boat, share your experiences, and learn from your peers. You can also keep up with the latest tools, trends, and news. In this article, well share some of the best groups on LinkedIn and Facebook for hosts and property managers to connect and share their knowledge.
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.
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.
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.
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.
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.
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.
Around 100 million people currently use ChatGPT , and as that number grows, the impact of artificial intelligence will be felt across almost every industry you can think of. Travel is no exception, and in fact travellers are already using AI to compare prices, get recommendations and plan and book ideal trips from start to finish. And its not only guests who are turning to AI for help.
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
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.
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.
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%.
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.
A good Property Management System is a must-have for property managers; it can help automate various daily tasks, streamline your operations and grow your business. You can manage everything from housekeeping, maintenance, guest communication, accounting, reporting, content and more with your PMS. So, its essential to choose the right tool for your business needs.
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.
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.
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%.
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.
Smart home technology is quickly becoming a feature of daily life. As of 2022, 57.4 million households in the US use smart home devices at least once a month. So, one of the best ways to upgrade your properties is to invest in smart home technology for vacation rentals. Guests will enjoy the familiar comfort and convenience of technology, and youll be able to reduce your costs, save time, and boost profits and security.
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.
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.
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%.
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