July, 2024

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Navigating Trust Account Challenges: How to Maintain Cleanliness and Order

Appfolio

Are inconsistent trust accounting practices a source of anxiety? Learn how to keep your accounts clean and organized to avoid confusion and build trust with your owners.

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A Fair Housing Challenge: The Use of Marijuana

American Apartment Owners Association

Navigating the legalities of marijuana use within property management is an ongoing challenge as states increasingly adopt diverse regulations. This variance between state and federal laws places property managers in a complex position, tasked with adhering to legal requirements while addressing the needs and rights of residents. This article provides a comprehensive overview for property management professionals to manage these legal complexities efficiently, fostering a compliant and supportiv

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Maintain the Beauty of Your Virginia Beach Property's Exterior

Osprey Property Management

Owning a rental property in Virginia Beach is an exciting opportunity to tap into a vibrant housing market and welcome guests seeking the serene beauty of coastal living. However, the appeal of your property greatly depends on its exterior aesthetics and home maintenance. First impressions are crucial, especially in the competitive rental market. A well-maintained exterior attracts potential renters at first glance and reflects the care and attention you invest in your property.

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How to Find a Renter Before the Current One Moves Out

Genuine Property Management

Managing tenant turnover efficiently is a critical aspect of property management that can significantly impact your rental income. When a current tenant decides to move out, the goal is to minimize the time your property sits vacant. Finding a new tenant before the current one moves out not only ensures a continuous rental income but […] The post How to Find a Renter Before the Current One Moves Out appeared first on Welcome to Genuine Property Management.

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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.

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Why Your Evanston Tenants Need Renter’s Insurance

Real Property Management Chicago

As a real estate investor in Evanston , you understand the crucial role of renter’s insurance. It protects your tenants’ personal property from loss or theft and gives you peace of mind. It is a huge relief to know that you aren’t responsible for your tenant’s actions. Knowing about renter’s insurance and why you should require it for your tenants is crucial for your security and theirs.

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Purchasing a Property for Short-Term Rental? Here’s Where you Should Look

AirKeeper

Investing in properties for short-term rentals is becoming increasingly popular, thanks to online platforms like Airbnb making it easier to reach potential guests. Selecting the right location is crucial for maximising returns on investment, as it affects both occupancy rates and rental income. In Australia, diverse options range from bustling inner-city hubs to serene rural retreats, each offering unique advantages.

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How to Stay on Track with Unit Turnovers

Rent Manager

The end of summer brings new residents to apartments, especially for off-campus college housing; however, there are countless year-long leases coming to an end as well. Understanding your unit turnover rate is important as it allows you to determine how much time and money you will need to invest during these turnover periods. Consecutive turnovers […] The post How to Stay on Track with Unit Turnovers appeared first on Rent Manager Property Management Software.

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How SB-721 is Shaping the Future of Property Management in California: A Comprehensive Analysis

Authority Property Management

The Impact of SB-721 on California's Property Management Industry  Introduction Senate Bill 721 (SB-721) was enacted to improve building safety standards, particularly for balconies and elevated exterior elements. This blog post provides a detailed yet accessible analysis of SB-721's immediate and long-term effects on landlords and property managers in California.

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Key Differences Between Commercial and Residential Property Management

Genuine Property Management

Managing properties involves different tasks depending on whether the property is residential or commercial. Understanding the key differences and responsibilities involved in commercial property management vs. residential property management can help property owners make decisions about how to handle their properties. What’s a Residential Property?

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What to Do When There’s a Leak in Your Park Ridge Rental Home

Real Property Management Chicago

If you encounter water leakage in your rental home, it’s essential to stay calm and take immediate action. Quick action can significantly help in effectively resolving the issue. Here’s what to do in case of a leak in your rental property. Shut off the main water supply If you notice water coming from an unexpected place, your first step is to shut it off.

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Purchasing a Property for Short-Term Rental? Here’s Where you Should Look

AirKeeper

Investing in properties for short-term rentals is becoming increasingly popular, thanks to online platforms like Airbnb making it easier to reach potential guests. Selecting the right location is crucial for maximising returns on investment, as it affects both occupancy rates and rental income. In Australia, diverse options range from bustling inner-city hubs to serene rural retreats, each offering unique advantages.

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How to Leverage Data for Student Housing Property Management Success

Appfolio

Data Management for Successful Student Housing Property Management In any business, data is king. Capturing, analyzing, and, most importantly, utilizing.

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Home Construction Is Undergoing a Revolution. Here’s How Investors Will Benefit.

BiggerPockets

Will we be able to hit "print" and generate housing one day? It could be sooner than you think.

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Tips for a Successful Airbnb: Top 10 Strategies

Mamma Mode

Running a successful Airbnb goes beyond just providing a place to sleep. It’s about creating an unforgettable experience that keeps guests coming back and spreading the word about your property. Whether you’re a seasoned host or just starting, these top 10 tips will help you elevate your Airbnb to new heights. Let’s dive in and transform your hosting game!

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7 Reasons to Hire a Property Manager for Your Aliso Viejo, CA Rental Property

Genuine Property Management

Owning a rental property in Aliso Viejo can be a rewarding investment, but managing it yourself can be time-consuming and stressful. Hiring property management in Aliso Viejo, CA can significantly benefit you in several ways. First, property managers have expert local knowledge and understand Aliso Viejo’s unique rental market, allowing them to set the optimal […] The post 7 Reasons to Hire a Property Manager for Your Aliso Viejo, CA Rental Property appeared first on Welcome to Genui

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Texas CHIPS Act Has Established the State as a Leader in Semiconductor Manufacturing Construction and Industrial Real Estate Growth

Colliers

The CHIPS Act and Texas’ Response In response to global semiconductor shortages exacerbated by the COVID-19 pandemic, the U.S. government enacted the $280 billion CHIPS Act, allocating $53 billion to revitalize domestic semiconductor manufacturing.

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How to Manage a Short-Term Rental Property

AirKeeper

Owning a short-term rental property can offer lucrative opportunities but comes with its own set of challenges. From attracting guests to maintaining high standards of service, effective management is crucial for success. Whether you’re a new host or an experienced property manager, these insights will help you navigate the complexities of short-term rentals and enhance your property’s performance.

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Harnessing Technology for Better Student Living: InterFace Conference Panel Discussion Recap

Appfolio

Explore key insights from an InterFace Conference panel discussion on technology and innovation in student housing. Industry experts discuss the importance of change management, data leveraging, AI enhancements, cross-industry inspiration, and a human-centric approach in integrating new technologies.

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Home Insurance Rates Set to Increase Another 6% This Year. Here’s What Investors Should Know.

BiggerPockets

Home insurance rates are set to climb another 6% this year, and that's after a 20% gain over the past two years.

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Current Rental Market Conditions for Single Family Homes in South Florida

Florida Property Management

Miami Dade, Broward and Palm Beach Counties The South Florida rental market has always been a dynamic and sought-after segment, particularly for single-family homes in Palm Beach, Broward, and Miami-Dade counties. Over the past year, these markets have experienced significant changes due to various economic, social, and environmental factors. Understanding these trends is crucial for investors, landlords, and tenants alike.

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The Benefits of Hiring a Commercial Property Manager for Brea, CA Rental Properties

Genuine Property Management

Hiring a commercial property management company can transform the way you manage your rental properties in Brea, CA. A commercial property manager oversees the day-to-day operations of rental properties, including retail, office, industrial, and mixed-use properties. They ensure properties are well-maintained, tenants are satisfied, and financial goals are met. 6 Benefits of Hiring a Commercial […] The post The Benefits of Hiring a Commercial Property Manager for Brea, CA Rental Properties

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Top 5 Reasons Businesses are Switching to Keycafe

Keycafe

For any business with an inventory of keys and a range of employee access levels, organized and secure key management is critical. Companies across various sectors—hospitality, auto dealerships, property management, The post Top 5 Reasons Businesses are Switching to Keycafe appeared first on Keycafe Blog.

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How to Set Up Your Property for Airbnb

AirKeeper

Setting up your property for Airbnb can be a rewarding venture, but it requires careful planning and preparation to ensure you meet both regulatory requirements and guest expectations. With the right approach, you can create a welcoming and stylish space that attracts guests and garners positive reviews. This guide will walk you through the essential steps to get your property Airbnb-ready, covering crucial aspects like regulatory compliance, property preparation, styling, and photography.

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Maximizing Tenant Retention in Shasta County: Insights on Average Stay Durations for Real Estate Investors

Authority Property Management

Discover Key Trends and Strategies to Enhance Tenant Stability and Boost Investment Returns in Shasta County At Authority Property Management , we understand the importance of tenant stability for real estate investors, particularly in Shasta County. A crucial metric to consider is the average duration of tenant stays, as this impacts turnover rates, vacancy periods, and overall investment returns.

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9 Surprisingly Hot Markets Where Investors Can Still Find Affordable Short-Term Rental Properties

BiggerPockets

These under-the-radar markets still have plenty of affordable inventory and could be potential goldmines for short-term rental investors.

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Airbnb Property Management Fees Breakdown – Are They Worth It?

Mashvisor

When deciding how to manage your short term rental, you need to know what Airbnb property management fees are and how much they cost.

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Why You Need a Property Manager for Your Anaheim, CA Property

Genuine Property Management

Owning rental properties in Anaheim, CA can be incredibly rewarding, but maximizing their potential often requires a level of expertise and dedication best provided by a professional. This is where a property management company in Anaheim, CA becomes invaluable. But what exactly is a property manager, and how can they benefit you? A property manager […] The post Why You Need a Property Manager for Your Anaheim, CA Property appeared first on Welcome to Genuine Property Management.

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Security Deposits 101: Tips and Information for Landlords

Real Property Management California Coast

The security deposit, though often seen as a minor part of rental property management, is actually very important. As a property owner in Manhattan Beach, you need to be familiar with the rules about tenant security deposits. Unlike rental payments, security deposits aren’t considered part of your investment income. Specific guidelines must be followed when dealing with security deposits, from acceptance to reimbursement.

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Is It Worth Getting a Tourist Board Star Rating?

Schofields Insurance

Reading Time: 4 minutes For travellers looking for somewhere to stay, the choice of holiday cottages to choose from can be overwhelming. Historically, travellers have used tourist board star ratings to evaluate accommodation – but are they still relevant when people are influenced by online reviews? Applying for a star rating isn’t cheap, plus the thought of your holiday cottage being scrutinised by an assessor can seem like a scary prospect.

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Why Proposition 33 Could Be a Setback for California's Real Estate Market: Key Concerns for Property Stakeholders

Authority Property Management

As we approach the November 2024 elections, one of the key ballot measures that could significantly impact the real estate market in California is Proposition 33. Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. While it is marketed as a measure to provide relief for renters, it poses serious concerns for property owners, managers, and landlords.

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The Fed Is Planning to Cut Rates Soon. Here’s How Investors Should Prepare.

BiggerPockets

All signs seem to point to a September federal rate cut. It's likely to be the first step toward a revived housing market, but how should investors prepare?

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How to Get Access to the MLS Database Without a License

Mashvisor

As a real estate investor, you are well aware that you will need access to important data in order to make the best possible investment decisions.

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What Does a Property Manager Do?

Genuine Property Management

Property managers play an essential role in real estate by handling various tasks to keep properties running smoothly and profitable. They manage everything from small apartment buildings to large commercial properties. Understanding what property managers do helps both landlords and tenants appreciate their value. Duties of a Property Manager From showings to tenant communications, property […] The post What Does a Property Manager Do?

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Taste the World: How America’s Changing Demographics Are Shaping Our Food

Colliers

The rapid growth of the Asian American population in the U.S. presents a significant opportunity for the food service industry. With their roots spanning over 20 countries, Asian Americans are driving increased demand for diverse Asian cuisines. The boom – driven mainly by immigration – is projected to increase to 35.8 million by 2060.

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Top Airbnb Amenities That Guests Love

Mamma Mode

As an Airbnb host, one of the best ways to enhance your guests’ experience and increase bookings is by offering desirable amenities. Not only do these additions make your property stand out, but they also cater to the specific needs and preferences of your target guests. In this blog post, we’ll explore some of the most wished-for Airbnb amenities and provide tips on how to implement them effectively.

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July 2024 Rental Market Update In Redding, CA.

Authority Property Management

July 2024 Newsletter: Optimizing Property Performance and Navigating New Legislation Welcome to our July 2024 rental market update! As we embrace the peak of summer, we're excited to share the latest developments at Authority Property Management. Market Update: Riding the Wave of High Demand Our rental market continues to flourish, maintaining a strong position with a 5.9% vacancy rate across our portfolio, still notably lower than the county average of 8%.

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