2023

article thumbnail

New Data Reveals How Property Managers Can Better Meet Their Residents’ Expectations

Appfolio

What do renters want from their property managers? In today’s on-demand, service-oriented economy, surely they expect more than just four.

article thumbnail

Mastering the Art of a Rental Property Cleaning Schedule

Real Property Management Chicago

Ensuring the cleanliness of a rental residence is a fundamental component of responsible living. Achieving a spotless home necessitates an organized strategy that extends beyond mere surface-level cleaning. A well-thought-out plan outlining every step is necessary to guarantee a spotlessly clean home. The process can be made easier to handle and less stressful by carefully planning out a cleaning schedule.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Calculating Property Value of Your Real Estate Investment

JMZ Management

Calculating property value is one thing a real estate investor should know to get a winning investment. How to do so? Click the link.

article thumbnail

The Airbnb 2023 Winter Release: What You Should Know

Get Paid For Your Pad

A couple days ago Airbnb came out with a new update: The Airbnb 2023 Winter Release. I highly recommend you check it out so you're aware of the changes. In this email I'll share what I think are the two most important things you should know. 1.

Airbnb 130
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

Legal Overview of Quiet Title Claims in California for Investment Owners and Deed of Trust Holders – Methodology for Establishing Clear Title in Court

American Apartment Owners Association

By Nate Bernstein, Esq., Managing Counsel, LA Real Estate Law Group Introduction Often times we get calls from clients or colleagues who ask us to explain what a “quiet title” action is. There is no need to be quiet and hush hush about quiet title actions pun intended! In fact, a quiet title claim is very common claim and cause of action asserted under California real estate law.

article thumbnail

What Is a Good ROI on Rental Property?

BiggerPockets

A good ROI on rental property typically ranges from 6% to 10%, although this can vary with location, property type, and market conditions. In some areas, ROIs over 12% are possible, while in expensive urban locations, a 4% to 6% ROI may still be favorable.

More Trending

article thumbnail

Getting Ahead of HOTMA: What Affordable Housing Management Teams Need to Do Now

Appfolio

Affordable housing management companies have until January 1st, 2025 to reach full HOTMA compliance. See how you can navigate some of the most significant changes to HUD’s occupancy requirements in the last 10 years with the help of two affordable housing industry experts on The Top Floor podcast.

article thumbnail

2023 Resident Preferences: Why Resident Satisfaction Is a Top Competitive Differentiator

Appfolio

AI solutions hold enormous potential to boost efficiency, streamline processes, and improve business outcomes, especially when implemented responsibly and in the right ways. Tune in to The Top Floor podcast to learn how.

264
264
article thumbnail

4 Ways to Future-Proof Your Property Management Business

Appfolio

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.

article thumbnail

Explore The Top Challenges — And Solutions — Facing The Property Management Industry In 2023

Appfolio

AppFolio recently sponsored a National Apartment Association (NAA) survey of over 2,000 property management professionals to uncover their most pressing.

article thumbnail

Embracing a Responsible Approach to Property Management AI

Appfolio

AI solutions hold enormous potential to boost efficiency, streamline processes, and improve business outcomes, especially when implemented responsibly and in the right ways. Tune in to The Top Floor podcast to learn how.

article thumbnail

Best Practices for Building Strong Owner Relationships From the Beginning

Appfolio

In a previous article, I shared some strategies for attracting and onboarding new owners to sustainably scale your property management.

article thumbnail

Centralizing Teams: What Multifamily Property Management Companies Need to Know

Appfolio

Explore the advantages and challenges of centralization for your multifamily property management business and find out how to know if switching from a traditional management model is the right approach.

article thumbnail

Maximizing Multifamily Budgets: How to Control Costs by Eliminating Financial Inefficiencies

Appfolio

Persistent economic pressures have made controlling costs and maximizing revenue more difficult than ever for multifamily property management companies. Learn how you can take control by eliminating financial inefficiencies.

article thumbnail

Property Management Experts Weigh In on Real Estate AI

Appfolio

Property management professionals recently came together for an AI experts roundtable where they discussed their experiences with AI, how it's being utilized in their respective fields, and the challenges faced when integrating it into their operations. Read the article to uncover the main takeaways.

article thumbnail

Tips to Prepare for HOTMA and Operate Your Affordable Housing Management Business More Efficiently – Part 2

Appfolio

Feeling anxious about the impending HOTMA rollout? Fear not! Check out the top takeaways from our live session with Serenity Lay and Betty Neau from renowned affordable housing consultancy TheoPRO.

article thumbnail

Keeping Great Property Management Talent: New Data Shows What Employees Value Most

Appfolio

Take a deep-dive into AppFolio’s 2023 Hiring and Retention Report on this episode of The Top Floor podcast, and get proven employee experience strategies and data-backed solutions for boosting team member happiness.

article thumbnail

Embracing Change and Unlocking Growth: What We Learned at the 2023 AppFolio Customer Conference

Appfolio

The 11th annual AppFolio Customer Conference provided property management teams with key insights, clarity, and the tools they need to address their biggest challenges. Read on for a glimpse of what took place at the 2023 AppFolio Customer Conference.

article thumbnail

What Property Management Companies Need to Know about Generative AI

Appfolio

Next-gen AI technology is top of mind right now thanks to newly developed solutions. Understand the difference between generative AI and narrow AI, how to assess your business’s AI readiness, and what benefits potentially exist when using AI tools for property management.

article thumbnail

New Data Reveals Top Challenges and Opportunities in Affordable Housing

Appfolio

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.

article thumbnail

How AI based on large language models could change property management for the better

Appfolio

For property management teams, generative AI may soon provide an opportunity to transform the way work is done for the better. Find out how AI could soon be used to reduce repetitive tasks, heighten skill sets, and create a faster path to productivity for new team members.

article thumbnail

Evaluating Your Airbnb Investment: A Complete Guide

JMZ Management

Do this before you jump into Airbnb investment. Click the link to learn how to evaluate a winning Airbnb investment property.

Airbnb 130
article thumbnail

Harnessing the Seasonality of Rental Real Estate for Optimal Advantage

Real Property Management Chicago

A distinct benefit of investing in single-family rental properties in a particular area is the seasonal variations in tenant behavior. There are a number of variables that can affect these seasonal patterns, including the weather, holidays, and school schedules. Families with kids, for instance, might relocate more frequently in the summer. However, because moving during the holidays can be inconvenient, tenants might be less likely to move during the winter.

article thumbnail

Streamlining Leasing Operations: The Power of Integrating CRM Into Property Management Software

Appfolio

Explore the transformative power a leasing CRM built directly into your property management platform can have on your business. Discover how it streamlines operations, improves leasing staff productivity and job satisfaction, and offers crucial insights for a more efficient leasing process.

article thumbnail

Renters’ Roost: How to Create a Bird-Friendly Yard

Real Property Management Chicago

Do you possess a green thumb and a tender spot for our feathered companions as a tenant? Imagine an early morning spent savoring coffee on your patio, accompanied by the harmonious sounds of birdsong emanating from the window, or an avian symphony that fills your patio. We’ll walk you through the process of transforming your modest home into a birdwatcher’s paradise in this book, giving you peace of mind and a close-up view of the fascinating world of birds.

article thumbnail

How to Scale Your Technology Strategy to Support Growth via Acquisition

Appfolio

Looking to grow your property management business through an acquisition? This article explores everything you might need to know to make an informed decision and ensure onboarding is as seamless as possible.

article thumbnail

Enhancing Rental Property Marketing with Virtual Tours

Real Property Management Chicago

You should understand, as the proprietor of a rental property, the significance of marketing when it comes to locating ideal tenants. If you haven’t used them, virtual tours will lead you to a tremendous opportunity! Implementing a virtual tour system for prospective tenants can serve as an effective means of acquainting them with the rental properties prior to their physical visit, thereby showcasing what to anticipate.

article thumbnail

6 Ways to Boost Employee Satisfaction, According to the Pros.

Appfolio

Chiccorra Connor, President and Founder of the wildly successful property management consultancy Occupancy Heroes Incorporated, shares the strategies that have helped her and her clients overcome staffing challenges for happier teams and greater efficiency and profitability.

article thumbnail

Landlord Lessons: Tackling 5 Common Obstacles for Beginners

Real Property Management Chicago

Investing in Warrenville rental properties is an excellent method to amass wealth. Even if this is your first time as a landlord, you likely already know that problems are common for proprietors of rental properties. Urgent repairs, property damage, and late rent payments are a natural occurrence. Problems can still arise, even with the best planning and tenant screening.

Landlord 130
article thumbnail

The 5 Signs of a Good Property Management Company

Real Property Management Chicago

Purchasing a rental property can be a wise financial decision, but managing it requires effort and time. On everyday tasks, you might spend a lot of time. These duties include handling rent collection, tenant grievances, and maintenance requests. To save time and relieve stress, think about hiring a property management company to undertake these duties.

article thumbnail

Setting Your Owners Up for Success Through Onboarding

Appfolio

After you attract and acquire new owners, it’s critical to set them up for success with a thorough, customized onboarding process. In this article, I’ll share some strategies you can implement to efficiently and effectively onboard new owners.

130
130
article thumbnail

Streamlining Real Estate: Choosing Manageable Rentals

Real Property Management Chicago

Let’s say you are considering becoming a property manager or are new to the world of rental property owning. Then you may already be familiar with the difficulties of administering a rental property. Finding trustworthy renters, taking care of upkeep and repairs, and ensuring compliance with local laws are all part of managing a rental property.

article thumbnail

More than a Roof: Understanding the Financial Benefits of Homeownership

Real Property Management Chicago

For numerous individuals, the opportunity of homeownership is a cherished aspiration that requires years of dedication and effort to attain. Undoubtedly difficult as it is, the road to home ownership may discourage some people from taking it. Individuals are frequently drawn to renting, particularly in the near future, by the allure of simplicity and affordability.

article thumbnail

Tips To Prepare For HOTMA And Operate Your Affordable Housing Management Business More Efficiently

Appfolio

While one of the goals of HOTMA is to simplify affordable housing management, overhauling your current processes to be compliant with the new rules is no simple task. Here are some helpful tips to help you prepare for the HOTMA rollout and boost overall efficiency in your affordable housing management business.

article thumbnail

4 Ways AI Can Transform Your Employee Experience

Appfolio

The advancement of artificial intelligence (AI) is transforming all industries, including property management. No longer just limited to chatbots and.

article thumbnail

Securing Family Wealth: Strategies for Enduring Prosperity

Real Property Management Chicago

Building an enduring family legacy requires financial tenacity and acumen, but maintaining it requires an even higher level of financial literacy. Though there are obstacles in the way, it is perfectly possible to increase and retain wealth across generations. This article examines the tried-and-true strategies used by wealthy families to preserve their wealth.

Education 130