Sat.Aug 31, 2024 - Fri.Sep 06, 2024

article thumbnail

7 Tips for Easier Rent Collection

American Apartment Owners Association

This article was contributed by DoorSpot property management software. Manage your entire portfolio with one simple tool. No hidden fees or additional subscriptions are needed. Get 20% off of your first year as an AAOA member. Managing rental properties can be both rewarding and challenging. One of the biggest headaches landlords face is making sure rent is collected on time, every time.

Rent 130
article thumbnail

A Look at How Much Evictions Really Cost You as a Landlord

BiggerPockets

We know evictions can be costly for both landlords and tenants (both financially and sometimes emotionally). But recently, I heard two investors discussing who actually loses more during the process.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is Investing in Colorado Springs Real Estate Right for You? A 2024 Guide

Muldoon Associates

Colorado Springs is a real estate market that’s enjoying quite a bit of growth. As with any investment, there are rewards and challenges to buying property here, but there’s a sustained interest in buying and renting out homes because there’s such a high demand of people who are looking for those homes. The population is spiking in our area. There was a 15 percent increase from 2010 to 2020, and there are still more and more people moving into the area.

article thumbnail

What is lease management software?

MRI Software

Lease management software is used by real estate teams to oversee the management of their lease portfolios, from keeping on top of administration and accounting to making strategic decisions about contract renewals. Used correctly, lease management software can help teams streamline their operations, work more efficiently and ensure legal and accounting compliance.

Lease 59
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

The Joy of Renting: A Guide to the Freedom and Flexibility it Offers

Authority Property Management

Discover the Freedom and Flexibility of Renting: A Comprehensive Guide Renting , often overlooked in favor of homeownership , offers a unique set of benefits that can be highly advantageous for many individuals. From financial freedom to lifestyle flexibility, renting can be a smart choice for those seeking a more relaxed and adaptable living situation.

Rent 55
article thumbnail

Recession Indicators Go Off, Is the Housing Market Safe?

BiggerPockets

Recession fears are increasing. The stock market has taken substantial hits, housing inventory is climbing, and bank account balances are starting to fall.

92

More Trending

article thumbnail

SMART Building Management System

MRI Software

A smart building management system can revolutionize how a modern building is managed, offering a more efficient and integrated approach to maintaining property operations. As a leader in forward-thinking software solutions for the real estate industry, MRI Software provides cutting-edge tools that streamline building management. With advanced building maintenance software and the integration of IoT devices , you can enhance operational efficiency, conserve energy , and improve overall buildin

article thumbnail

Essential Steps to Prepare Your Airbnb for Guests Before Listing

Mamma Mode

How to Prepare your Airbnb for guests before listing. These essential preparations will set you up for success and create an unforgettable guest experience. Starting an Airbnb is about so much more than just renting a space—it’s about taking control of your own destiny. You’re creating a flexible income stream that can truly make a difference in your life.

Airbnb 52
article thumbnail

Your Ultimate Guide to Preparing for BPCON

BiggerPockets

Everything you need to make the most out of your trip to BPCON!

91
article thumbnail

mem property management Awarded an A+ Rating by Better Business Bureau

Mem Property Management

mem property management recently joined the Better Business Bureau (BBB) as an Accredited Business, achieving an A+ rating for its proven record of trustworthiness, ethics and commitment to outstanding client service. “We are proud to be designated as a top-rated BBB Accredited Business,” says Martin Laderman, founder and CEO of mem property management.

article thumbnail

What is HUD multifamily housing?

MRI Software

Did you know that HUD provides housing support for over 1.3 million households in the United States? HUD multifamily housing plays a crucial role in this, covering properties with five or more residential units, each equipped with a full kitchen and bathroom. These properties range from garden-style apartments to high-rise buildings, including senior housing and assisted living facilities.

Finance 52
article thumbnail

The Ultimate Guide to Hiring Quality Maintenance Pros for Your Property

Nest DC

Whether you're a homeowner, a landlord with rental properties, or someone who's just found themselves face-to-face with a leaky faucet, choosing the right maintenance professional is crucial. A trusted home maintenance person is worth their weight in gold, impacting everything from your home's value to your daily comfort (or your tenants' satisfaction).

article thumbnail

After Analyzing the Largest Rental Markets—Here’s Where Prices Could Fall

BiggerPockets

Which markets are currently seeing a decline in effective rents, and which are currently experiencing high vacancy?

Rent 91
article thumbnail

5 HOA Terms Every Board Member Needs to Know

Mem Property Management

Whether you just got elected to the community association board or you’ve served for years, you want to make a good impression. Knowing these common HOA terms will help you sound like you know what you’re doing while you get up to speed or serve as the refresher you need to keep growing as a community leader. Fiduciary Duty The highest ethical and moral obligations and duty of good faith a person is charged with for fulfilling their responsibilities.

article thumbnail

Increasing multifamily occupancy rates: Effective ways to boost tenant numbers in apartments

MRI Software

High occupancy rates are essential for steady rental income and increasing your property values. Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. Achieving high occupancy rates is about more than just filling vacancies; it’s about creating a desirable living environment for modern tenants.

article thumbnail

Airbnb Instant Book: What Hosts Need to Know

Zeevou

Airbnb Instant Book can be a game-changer for Airbnb hosts, boosting bookings and simplifying the process. However, it also means losing some control over who stays in your property. So, it’s essential for hosts to consider how it aligns with their hosting style and comfort level. What Is Airbnb Instant Book? Instant Book is a feature designed to streamline the booking process for both guests and hosts.

Airbnb 52
article thumbnail

Is a National Construction Boom on the Way? Here’s How 2025’s Market Might Look

BiggerPockets

Don’t pop the champagne just yet, but one major economist just stated that he envisions the federal funds rate dropping to 3.25% once the Federal Reserve’s rate-cutting cycle is over.

article thumbnail

How Much Does Commercial Property Management Cost in Santa Monica, CA?

InveServe

Owning a commercial property in Santa Monica, California, is a significant step towards building a lucrative real estate portfolio and achieving financial freedom. Experienced real estate investors know there is more to owning a commercial property than just the initial investment – it requires actionable main tenance, rent collection, and tenant management.

article thumbnail

Reducing maintenance costs: Essential tips for multifamily rental property landlords

MRI Software

Reducing maintenance costs is understandably a top priority for multifamily property landlords. Efficient property maintenance not only saves you money but also enhances tenant satisfaction. In fact, studies show that proactive maintenance can reduce overall costs by up to 30% ! With rising maintenance costs due to aging buildings and increasing labor prices, finding cost-effective strategies is more crucial than ever.

article thumbnail

Short-term letting regulations in Dublin explained

GuestReady

First announced in July 2019 under the Residential and Tenancies Act, Dublin City Council has released more regulations about the effects of short-term lettings. The purpose of this is to ensure that property owners and property managers are hosting their holiday rentals responsibly.

article thumbnail

Job Numbers Turn Out to Be Overinflated, Will the Fed Make a Hard Pivot?

BiggerPockets

One startup is aiming to end traditional real estate commissions for good.

article thumbnail

Concessions Are Rising, But Private Landlords Should Never Offer Them

BiggerPockets

Are you worried about your local rental market cooling off, fearing that you will have a property sit on the market for too long?

article thumbnail

Should Investors Start Using 40-Year Mortgages?

BiggerPockets

News that the Federal Reserve is about to start cutting interest rates has electrified the real estate industry, with homeowners and investors eagerly waiting to see how low rates will […]

article thumbnail

Real Estate Risk: How to Dodge It, When to Take It, and Using It to Build Wealth

BiggerPockets

Real estate risk can make you wealthy or cause your portfolio to come crashing down. Like any type of investing, real estate can be risky.

article thumbnail

The Rookie’s Cheat Sheet for Market Research (Find Where to Invest in 2024)

BiggerPockets

Choosing where to invest can be overwhelming.

article thumbnail

BiggerNews: 2024’s Cheaper, Better, Cash-Flowing “Sleeper” Investment

BiggerPockets

Are new construction homes a good investment right now? Well, that depends.

article thumbnail

Rookie Reply: Buying Your First Rental & the BEST Properties for Appreciation

BiggerPockets

You’re trying to buy your first rental property, but you keep losing out to buyers making cash offers and waiving inspections. Are you doing something wrong?

article thumbnail

What Happens if High Expenses Extinguish Your FIRE?

BiggerPockets

You did it; you achieved FIRE! After over a decade of hard work, you’ve reached financial independence and can retire early.

IT 58
article thumbnail

Dude ACTUALLY Withdraws From His 401(k) and Retires at 47

BiggerPockets

Did you know you can use your 401(k) to retire early? Yep, it’s possible. And today’s guest, Eric Cooper, is doing it at age 47!

IT 58
article thumbnail

High Cash Flow and Low Risk by Turning Tenants into Homeowners (Rent-to-Own)

BiggerPockets

Rent-to-own real estate can make you more cash flow, with less risk and fewer expenses, all while helping tenants become homeowners.

Tenant 57
article thumbnail

The Rental Property Toolkit: How to Build Your Buy Box and Source More Deals

BiggerPockets

Struggling to land your next rental property? Even in today’s housing market, there’s a great deal out there with your name on it—you just need to know where to look.

article thumbnail

Everything you need to know about energy optimisation in manufacturing

MRI Software

Between rising costs, the global drive for sustainability and the constant need to maximize efficiency to achieve competitive advantage, energy usage is a critical priority for the manufacturing sector. While quick-win opportunities are often easy to identify, the ongoing process of energy optimization is complex and intensive. With the right technology, manufacturing organizations can drive efficiencies that go way beyond low-hanging fruit, capturing cost savings, increasing profitability and s

article thumbnail

Lease renewal fees: Evaluating the pros and cons for tenant continuation

MRI Software

Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Understanding lease renewal fees is essential for maximizing your rental income and ensuring tenant satisfaction. In this guide, we’ll explain what a lease renewal fee is, why it’s charged, and how it impacts tenant continuation.

Lease 52
article thumbnail

Building a strong multifamily brand identity: Strategic marketing techniques for apartments

MRI Software

In today’s competitive property market, standing out is more crucial than ever. Properties with strong brand identities can see up to 23% higher rental income and 20% faster lease-up rates. This means that multifamily branding not only attracts potential residents but also significantly enhances property value. This guide will explore strategic branding techniques tailored for multifamily apartment marketing, helping you create a distinctive and memorable brand identity that resonates with

article thumbnail

Evaluating renovations: Which upgrades offer the best ROI for multifamily apartments

MRI Software

Multifamily renovations are a powerful tool for increasing property value, attracting quality tenants, and boosting rental income. Understanding which upgrades offer the best return on investment (ROI) is key to making informed choices and optimizing your financial outcomes. This guide explores the most effective renovations, providing insights and practical tips to help you maximize your ROI and ensure your property remains profitable.

article thumbnail

The best property management companies in Dubai

GuestReady

Analysis of the top 10 property management companies in Dubai for 2025. Ensure your properties are expertly managed, profitable, and aligned with market standards.