Rental Choice
SEPTEMBER 25, 2024
Credit checks are handy screening tools that provide landlords with more insight into the tenant’s financial history and responsibility. What does a landlord look for in a credit check? Should tenants have a certain credit score or history to find a place? Let’s find out. Why are Credit Checks Important? Credit checks are an important part of the tenant screening process.
BetterWho
SEPTEMBER 21, 2024
Retaining good tenants goes beyond convenience—it impacts your bottom line. High turnover can drain your finances and disrupt your property management workflow. The cost of turnover adds up. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc., means that keeping your tenants happy is very important.
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Fourandhalf
SEPTEMBER 25, 2024
How do you generate new owner leads? Is it through referrals? Local newspapers? Online ads? Did you know that blogging, with special attention to local SEO, can also be a powerful tool for property managers looking to attract new clients? By now, you’ve probably heard that blogging can be a great way to attract more owner leads. But if you’re writing great blog posts, and not seeing anything come from it, you may need to start paying more attention to your local SEO.
Real Property Management Evertrust
SEPTEMBER 27, 2024
Maintaining your rental residence may seem minor, but regular maintenance can save you from costly repairs and foster a positive relationship with your landlord. In this blog post, we will explore ten essential small maintenance tasks every renter should tackle to keep their home in good condition. By staying on top of these simple tasks, you’ll protect your living space and demonstrate your responsibility as a tenant.
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.
American Apartment Owners Association
SEPTEMBER 26, 2024
Today’s property managers and landlords must go beyond traditional practices to succeed. With changing economic and industry demands, adopting forward-thinking strategies is essential for long-term success. Henry Ford once said, “If you always do what you’ve always done, you’ll always get what you’ve always got. At Revela, we help property managers transform their operations to do business and generate revenue in new ways.
BetterWho
SEPTEMBER 21, 2024
Have you ever imagined transforming your workweek from exhausting 60-hour grinds to just a handful of productive hours? This isn’t just a dream; it’s a reality for those who’ve embraced the power of Remote Team Members (RTMs). Your payroll is your biggest expense. By lowering it, you’re skyrocketing your profits. NARPM’s research shows that top property management companies have RTMs as 65% of their workforce.
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Real Property Management Chicago
SEPTEMBER 26, 2024
When clutter starts to pile up, tackling it can be quite stressful. But if your rental home begins to overflow with clutter, you need to cope with the issue as soon as possible. As time goes by, more clutter will accumulate, rendering the procedure of decluttering harder still! Rather than trying to declutter your entire house or apartment in one go, think about dividing up the task into smaller parts.
American Apartment Owners Association
SEPTEMBER 25, 2024
Electrical panel upgrades may be the biggest home improvement project and their influence on the safety and functionality of your home are unquestionable. Before you start with it, is your preparedness set with the right questions to ask your electrician? As far as electrical panel replacement options are concerned, be it for an old system or electrical panel installation for a new building, knowing what questions to ask can save you time, money and anxiety.
BetterWho
SEPTEMBER 21, 2024
As a property management company owner, the recent NAR lawsuit might have you questioning your next moves. This isn’t just another headline; it’s a game changer for how we manage properties and comply with new regulations. In this article, we’ll break down exactly what this means for your business and offer some clear, actionable strategies to handle these changes.
Beach Front Property Management
SEPTEMBER 25, 2024
Timely rent payments and an efficient collection system are essential to a successful rental property. So, how can property owners ensure on-time payments? No one wants the stress of tracking down residents or dealing with payments lost in the mail. With advancements in rental technology, offering online rent collection has become easier than ever. Modern residents now expect the convenience of online payments.
Real Property Management Evertrust
SEPTEMBER 25, 2024
As a new landlord, one of the inevitable parts of managing rental properties is handling tenant complaints. While this can seem daunting, addressing issues quickly and effectively is key to maintaining happy tenants, preserving the condition of your property, and reducing turnover. Unfortunately, many new landlords make common mistakes when faced with tenant complaints, leading to strained relationships, unresolved problems, or even legal issues.
Genuine Property Management
SEPTEMBER 22, 2024
In the world of investing, owning rental properties can be a lucrative venture. However, like any other investment, the prospect of rental property ownership does carry risks, and so should be carefully considered. We’ll review the benefits and potential downsides, along with key decisions to make before investing. The Upsides to Investing in Rental Properties […] The post Are Rental Properties a Good Investment?
BetterWho
SEPTEMBER 27, 2024
Property management accounting can be overwhelming. But, when done right, it becomes a powerful tool to boost your profitability and streamline operations. Whether you’re a seasoned property manager or just getting started, mastering accounting will help you make informed decisions, avoid costly mistakes, and ultimately, grow your business. In this guide, we’ll break down essential accounting practices in property management.
Beach Front Property Management
SEPTEMBER 25, 2024
The post How To Build Resilient Teams Through Radical Transparency appeared first on Beach Front Property Management Inc.
ADDA
SEPTEMBER 21, 2024
Managing rental properties comes with a variety of financial responsibilities, and proper rental bookkeeping is essential to keeping everything organized. Whether you own one property or several, keeping accurate financial records can help you manage your business more efficiently, track expenses, and comply with UAE tax regulations. In this guide, we’ll explore the basics of rental bookkeeping and offer tips to help you stay organized and on top of your rental property finances in the UAE
GuestReady
SEPTEMBER 23, 2024
Discover the top 5 reasons you may have lost a rating star and how to ensure a positive guest experience. Learn practical tips to boost satisfaction.
BetterWho
SEPTEMBER 21, 2024
Are you a property manager looking to stay ahead of the curve? Embracing AI can seriously upgrade your business, making operations smoother and more efficient. It’s worthless knowing what AI is capable of if you’re not applying it to your business. We need to do more with less as business owners, and AI is the key. In this guide, we’ll explore essential AI tools and strategies to help you achieve your goals.
BiggerPockets
SEPTEMBER 27, 2024
Tenant turnover is a huge issue. That's why it's just as important as anything else to get right. Here's how.
Real Property Management DC Metro
SEPTEMBER 27, 2024
Now is the preferable time to own rental properties! The fact of the matter is that numerous people are making a choice to rent over buying a home, typicaly because it better fits their personal or financial situation. To profit from the number of renters in the market at the moment, it’s key to take into account why so many people find it wiser to rent instead of buy.
Real Property Management Enterprises
SEPTEMBER 27, 2024
Taking care of your rental home through small, regular upkeep tasks can prevent big problems down the line. Here are ten maintenance tips to help you stay ahead of repairs and maintain a good relationship with your landlord. Change Ceiling Fan Direction. By changing the direction of your ceiling fan twice a year, you can help control your utility bills.
MRI Software
SEPTEMBER 27, 2024
Underwriting in real estate for multifamily investment properties involves evaluating the risk and potential return of an investment. This process helps you assess the viability of your investments and identify potential pitfalls. By understanding underwriting principles, you can make informed decisions and confidently underwrite a multifamily deal.
BiggerPockets
SEPTEMBER 26, 2024
The Fed’s recent rate cut signaled something clear about the US economy, but what are they trying to say?
Second Nature
SEPTEMBER 26, 2024
Property management automation refers to using technology and software to automate various tasks and optimize processes related to managing properties. It can involve using single-family property management software to streamline tasks such as rent collection, applicant screening, property maintenance requests, and accounting, among others. At Second Nature, we think of automation and outsourcing as two sides of the same coin.
Colliers
SEPTEMBER 26, 2024
At Colliers, we understand the importance of interconnected data, macroeconomic trends, and anecdotes in real estate decisions.
Thanks For Visiting
SEPTEMBER 26, 2024
Dive In To See How Powerful A Direct Booking Site Is In Your Hosting Business For over a decade, I’ve watched the short-term rental industry evolve—from its humble beginnings to the booming business it is today. One of the most notable changes? The rise of the direct booking website. This shift empowers hosts to take control of their bookings, guest relationships, and ultimately, their profits.
BiggerPockets
SEPTEMBER 25, 2024
Last year, Jussi Askola explained why he believes REITs are better investment vehicles than rental properties. This year, he explains why nothing has changed.
Second Nature
SEPTEMBER 26, 2024
Pest control plays a critical role in effective property management. That's because pests are not just a nuisance – they can also contaminate food, damage belongings, spread diseases, and make rental properties unlivable. In this blog, we'll cover the impact of pests on your property and residents' lives, practical strategies for controlling these unwanted guests, and the benefits of a preventive approach to pest management.
Colliers
SEPTEMBER 26, 2024
The key themes and takeaways from the Colliers National Healthcare Conference in San Diego shed light on the pressures and emerging opportunities in the healthcare industry. With insights provided by leaders across the sector, the discussions explored the intersecting political, economic, demographic, and operational factors influencing the future of healthcare.
MRI Software
SEPTEMBER 26, 2024
FHA multifamily loans are a popular financing option for landlords and property managers looking to invest in or manage multifamily properties in the US. These loans are insured by the Federal Housing Administration (FHA), making them more accessible to a wider range of investors. Understanding the benefits and requirements of FHA multifamily loans can help you make informed decisions and optimize your investment strategy.
BiggerPockets
SEPTEMBER 27, 2024
There's a lot of opposition to real estate investing, and it centers around three key objections. Do they have a point? Or is there a better way to address the issue?
Rent Manager
SEPTEMBER 26, 2024
The Rent Manager Development team continues to create and enhance features to simplify your processes and help grow your business. In case you missed it, several exciting features have come to Rent Manager in the last few months. So, we’re recapping our most recent Release Notes updates to share new processes and workflows that can work […] The post ICYMI: Rent Manager Release Notes Recap Q3 2024 appeared first on Rent Manager Property Management Software.
Thanks For Visiting
SEPTEMBER 24, 2024
Ready To Build Your Direct Booking Site? Here’s 5 Features You Need! In the world of short-term rentals, direct bookings have become a golden opportunity for property owners and managers to take control of their revenue and reduce dependency on online travel agencies (OTAs). Direct bookings not only allow you to keep more of your hard-earned money by avoiding commission fees, but they also give you more control over your customer relationships, booking policies, and pricing strategies.
MRI Software
SEPTEMBER 25, 2024
When investing in multifamily properties, understanding the concept of cap rates is crucial. Cap rates, or capitalization rates, are essential metrics that help you evaluate the potential returns on your investments and make informed decisions. But what is a good cap rate for multifamily investing, and how can you determine it? This comprehensive guide will provide you with essential insights into cap rates, their significance, and how to use them effectively in your investment strategy.
BiggerPockets
SEPTEMBER 27, 2024
Commercial real estate has felt like a slow-motion car crash over the last two years, but as you continue (or start) investing passively, consider this framework for evaluating risk.
Mamma Mode
SEPTEMBER 24, 2024
How to Keep Spiders Out of Your Airbnb (Because No One Wants to Share a Shower with an Eight-Legged Guest!) Picture this: Your guests have just checked into your beautifully curated Airbnb, and everything seems perfect. Then you get *that* message—the one that makes you cringe. “Hi! Just wanted to let you know… there’s a GIANT spider on the shower curtain liner!
Colliers
SEPTEMBER 23, 2024
The federal government is the largest owner and occupier of office space in the United States. In 2012, the official “Freeze the Footprint” policy issued by the Office of Management and Budget (OMB) directed federal agencies to avoid further increases in real estate inventory.
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