Yardi Breeze

DECEMBER 12, 2024

Important update as of December 12, 2024 A nationwide court order has temporarily put a hold on the requirement for businesses to report Beneficial Ownership Information (BOI) under the Corporate Transparency Act (CTA). This pause gives businesses a temporary break from the reporting requirements discussed in this article. However, the court decision may be temporary, and the reporting rules could be reinstated at any time.

Compliance 246

Compliance Government Property Management Property Manager 246

American Apartment Owners Association

DECEMBER 9, 2024

Real estate investing can be an extremely lucrative business if done right. One of the most important skills for a successful real estate investor is the ability to negotiate effectively. Negotiation is truly an art form that involves strategy, communication skills, critical thinking, and the ability to read people. Master negotiators in real estate are able to consistently buy low and sell high, maximizing their profits.

Real Estate 235

Real Estate Rental Income IT Lease 235

Rentec Direct

DECEMBER 9, 2024

The holiday party is a subject of joy or chagrin depending on whether youre the attendee or the planner. If the thought of throwing a holiday party before Christmas has you feeling more stress than holiday cheer, consider waiting until the hustle-and-bustle dies down, and throw a party in January to ring in the new […] The post 10 Uniquely Fun Holiday Party Ideas (Your Residents Will Actually Attend) appeared first on Rentec Direct Blog.

Education 230

Education 230

Bay Property Management Group

DECEMBER 9, 2024

Timing is everything when it comes to renting an apartment. Your search can succeed or fail based on a number of factors, including your budget, when you plan to move in, and the constantly shifting rental market trends. Since rent prices typically rise and fall in predictable seasonal patterns, knowing the best time to find an apartment could save you money and unlock better options.

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Apartment Rent Regulation Lease 147

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.

Lease

Updater

DECEMBER 13, 2024

The post Move-ins matter: Zacharys story appeared first on Updater.

Property Management 130

Property Management Property Manager Management Property 130

American Apartment Owners Association

DECEMBER 9, 2024

To minimize investment risks in multifamily real estate, prioritize thoroughdue diligence. Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Effectivetenant screeningreduces eviction rates considerably, thereby helping to mitigate financial losses. Implementproactive maintenancestrategies and legal compliance measures to control costs and legal liabilities.

Real Estate 223

Real Estate Compliance Maintenance Tenant 223

Bay Property Management Group

DECEMBER 12, 2024

Working to successfully attract long-term tenants is often more challenging than it seems. From time to time, landlords may be plagued with tenant turnover, despite their best efforts.While its hard to predict whether a tenant will stay long-term at the outset, certain factors can help increase the chances of tenant longevity. Read below for some key tenant retention strategies.

Tenant 130

Tenant Applications Applicants Property Management 130

Updater

DECEMBER 13, 2024

The post Move-ins matter: Hadleighs story appeared first on Updater.

Property Management 130

Property Management Property Manager Management Property 130

American Apartment Owners Association

DECEMBER 9, 2024

In property management, landlords often face the challenge of managing difficult tenants who refuse to leave. While eviction is a potential option, more creative ways exist to address the situation effectively. Each tenant situation is unique, and exploring strategies that have worked for other landlords can provide valuable insights. These methods help landlords replace problem tenants with more suitable ones, improving their rental experience.

Tenant 220

Tenant Lease Landlord Lease Agreement 220

Rentec Direct

DECEMBER 11, 2024

State and Federal 1099 form deadlines are approaching quickly! Whether you are a landlord, real estate investor, or property manager, be sure you understand the new changes and the deadlines for the 1099 filing requirements for the upcoming tax year. Before the bustle of the holiday season gets underway, now is the time to ensure […] The post State and Federal Deadlines and Important Reminders for Filing 1099 Forms appeared first on Rentec Direct Blog.

Real Estate 179

Real Estate Landlord Property Management Property Manager 179

Yardi Breeze

DECEMBER 12, 2024

Chris Hitler is the general manager and owner-operator of MyStorageHome.com. He oversees nine storage facilities totaling over 2,500 units. With only two passive partners (one being his father), Chris has his hands full running the business. If that sounds like a lot of work for one person, we thought so too! We spoke with him to learn about his approach, how he balances demands and the role technology plays in streamlining operations.

IT 130

IT Management Property Tenant 130

Updater

DECEMBER 13, 2024

The post Move-ins matter: Royces story appeared first on Updater.

Property Management 130

Property Management Property Manager Management Property 130

American Apartment Owners Association

DECEMBER 9, 2024

Landlords navigating the rental landscape understand the pivotal role that visibility plays in securing the right tenants. As property markets evolve, the competition for tenants becomes fiercer, making it essential for landlords to master the art of maximizing visibility for their rental property listings. The key to success lies in understandinghow to list a rental propertystrategically.

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Property Listing Rental Property Property Media 201

Condo Control

DECEMBER 11, 2024

Ready to build on the successes youve achieved in 2024? Most property management companies and professionals take a bit of time at the end of each year to prepare for new business strategies, goals and trends. Its understood that a lot will remain unchanged in 2025. While financial challenges persist, property management companies will continue to leverage technology and seasoned staff members to increase revenue and maintain growth rates.

Property Management 130

Property Management Property Manager Management Property 130

Bay Property Management Group

DECEMBER 11, 2024

Managing multi-family rentals is a huge task. Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. So, how can you manage these rental properties like a well-oiled machine? This article shares practical property management tips to help you streamline operations and boost efficiency.

Management 130

Management Regulation Property Management Property Manager 130

ADDA

DECEMBER 10, 2024

Managing the finances of a housing society is no small feat. It involves dealing with multiple tasks such as payment collections, expense tracking, audits, and compliance with legal regulations. Some societies still rely on manual processes or compromised software to save costs. Though this can give an illusion of saved costs, the reality is however different.

IT 130

IT Compliance Regulation Maintenance 130

American Apartment Owners Association

DECEMBER 9, 2024

After a volatile period in commercial real estate, many multifamily borrowers that seek to increase the stability and profitability of their apartment buildings have a new take on a business basic: customer service. New programs, practices and technologies that can enhance the resident experience through a holistic focus on renter needs are becoming more commonplace.

Lease 174

Lease Lease Agreement Apartment Rent 174

HOA Managememt

DECEMBER 10, 2024

Believe it or not, squatters do have rights, depending on which state the property is located in. Understanding the different squatters’ rights in the U.S. is critical to both landlords and tenants. Landlords can know how to navigate eviction without infringing on squatters’ rights. Meanwhile, tenants or squatters can protect their rights.

Tenant 130

Tenant Landlord Property IT 130

Bay Property Management Group

DECEMBER 10, 2024

As a landlord, finding ways to boost rental revenue is always a top priority. Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply raising rent. This article discusses doable tactics that will help you save vacancies, maintain satisfied tenants, and maximize rental income.

Rental Income 130

Rental Income Rent Multi-Family Building Landlord 130

Forbes Business Council

DECEMBER 10, 2024

Businesses should invest in creating a solid data ecosystem and promoting collaboration between departments like marketing and product management departments.

Management 129

Management 129

American Apartment Owners Association

DECEMBER 12, 2024

Flipping houses can be a lucrative investment strategy if you know what to look for in potential properties. The process involves buying homes at a lower cost, renovating them, and then selling them for a profit. However, not every property is a good candidate for flipping. This comprehensive guide will walk you through the key factors to consider when evaluating potential homes to use as flips.

Real Estate 130

Real Estate Finance Property Insurance 130

ADDA

DECEMBER 9, 2024

In residential communities, though all apartments/condos/villas are given designated parking spaces, parking can many a time become a source of chaos and contention. From disputes over allocated slots to the frustration of unauthorized vehicles taking up space, ineffective society parking management can disrupt the harmony of even the most well-planned communities.

Management 130

Management Apartment License Compliance 130

Condo Control

DECEMBER 9, 2024

Alberta has tabled legislation that aims to improve governance in condominium communities. Bill 30 , the Service Alberta Statutes Amendment Act, 2024, would impact three different Acts: Condominium Property Act Prompt Payment and Construction Lien Act (PPCLA) Public Works Act (PWA) Developers and contractors would also benefit from this Act. Amendments would allow them to get paid in full sooner, and harmonize prompt payment rules and processes for public and private sector construction projects

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Condominium Regulation Applications Applicants 130

Bay Property Management Group

DECEMBER 8, 2024

Are you thinking of ending your lease contract early? Can you cancel a lease without facing unexpected costs? While canceling a lease can lead to challenges, the proper steps and guidance can help you navigate the process with minimal hassle. In this article, we walk you through everything you need to know about lease cancellation, as well as how to avoid potential pitfalls.

Lease 130

Lease Lease Agreement Landlord Tenant 130

American Apartment Owners Association

DECEMBER 12, 2024

On a national level, institutional home buyersfirms owning at least 1,000 homesarent massive players yet. They only own around 1% of the U.S. single-family stock, according toParcl Labs. When it comes to investor ownership,smaller landlords with two to nine homesin their total portfolios are still the biggest players in the national housing market. That said, in a handful of regional pockets, institutional homebuyers have a greater presence.

Landlord 130

Landlord Single-Family Home Real Estate Regulation 130

ADDA

DECEMBER 8, 2024

Effective financial management is the backbone of housing societies and apartment associations. Accurate bookkeeping and auditing not only ensure financial stability but also foster trust and transparency among members. This comprehensive guide outlines expert practices for book closure and auditing while showcasing how ADDA, the #1 SaaS platform for housing societies, simplifies these crucial processes.

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Compliance Management Apartment Maintenance 130

Condo Control

DECEMBER 7, 2024

Are you ready for the winter holidays!? December is an exciting, but equally chaotic time of year for most of us. If youre a condo manager or board member, the holidays can be twice as stressful. Not only do you have to buy gifts and coordinate dinners, but you have to prepare for the influx of packages, complaints, and emergencies in your building.

Management 130

Management IT Tenant Property Management 130

Genuine Property Management

DECEMBER 7, 2024

Finding a profitable rental property can go a long way towards building wealth, but being a landlord in Orange County also comes with its challenges. Not only will you need to keep up with repairs, deal with tenants, and navigate complex legal issues, but you also need to take steps to protect your investment. Landlords […] The post What Is Landlord Protection Insurance and Why Should You Have It?

Insurance 130

Insurance Landlord IT Property Management 130

American Apartment Owners Association

DECEMBER 12, 2024

With billions of dollars worth of commercial real estate loans coming due, landlords with struggling properties are increasingly giving the keys to lenders and walking away. The decision amounts to owners trying to wash their hands of an investment gone bad, but many have found out the hard way that it isnt so simple. These transactions known as deed-in-lieu-of-foreclosure sales could wind up saddling them with a large tax bill.

Landlord 130

Landlord Real Estate Commercial Property Property 130

ADDA

DECEMBER 7, 2024

Managing the finances of a housing society is a complex process that requires precision and transparency. Society accounting software has become a game-changer for housing societies, automating tasks such as billing, payment tracking, and financial reporting. However, improper usage or poor implementation can lead to errors, inefficiencies, and even disputes within the community.

Finance 130

Finance Maintenance Utilities Management 130

Forbes Business Council

DECEMBER 9, 2024

While the industry has grown in terms of infusing innovation into formerly manual processes, many lenders say they are not ready to dive into the latest wave of AI.

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Landlord Vision

DECEMBER 12, 2024

Paying taxes is part and parcel of running a successful property portfolio. Prioritising efficient tax management can help you save money and avoid penalties from HMRC. However, managing taxes for just one property can be time-consuming without the right tools. So, if youre managing a whole portfolio of properties, specialist software is a must! Landlord […] The post Tax Made Simple: Why Landlord Software is a Must for Property Portfolios appeared first on Landlord insider.

Landlord 105

Landlord Property Management 105

American Apartment Owners Association

DECEMBER 12, 2024

You should not judge a book by its cover, but you might as well create a good one. A cover cannot tell you for sure if you will like reading the book. However, the cover does help you decide if it is a book you want to try. First impressions of ourselves, our businesses and/or our real estate are no different. Just like a reader, a renter does not know everything after a first impression, but they can know if they want a second one or not.

Applications 130

Applications Applicants Real Estate Property Management 130

Rental Housing Journal

DECEMBER 10, 2024

A new study on why people move confirms that the main reasons people move are for better housing and jobs, according to Rent Caf. The number of people moving last year 24 million was the lowest number in 25 years. More than half of those who moved last year (13 million) packed up for better housing. Another five million chased job opportunities. Overall, the pursuit of better homes represented 15% of all moves, along with the search for more affordable housing, which drove 10% of relocations.

Rent 105

Rent Insurance Rental Property Apartment 105

Forbes Business Council

DECEMBER 12, 2024

I have made my share of mistakes, but I have also learned how to make it work. Here is what I would share with any entrepreneur who is ready to dive in.

IT 119

IT 119

Authority Property Management

DECEMBER 13, 2024

Prepare your rental property for winter with our comprehensive checklist. Winter is coming! It's time to prepare your rental property for the colder months. Whether you're a landlord or a tenant, taking proactive steps to winterize your property can significantly improve comfort, safety, and energy efficiency. This checklist will guide you through essential tasks to ensure a smooth and cozy winter season.

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Rental Property Landlord Tenant Property 98