Win New Business: 5 Tips for Marketing Your Association Management Company
Appfolio
JANUARY 3, 2022
The Foundation for Community Association Research estimates that as of 2021, there are about 357,000 community associations in the United.
2022
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Ground Rules for Communicating with Property Owners and Managers
Real Property Management Chicago
DECEMBER 15, 2022
As a professional in the rental housing industry, you will need to connect with other professionals in your niche. Northbrook property managers and property owners can be helpful resources in learning about the industry and maintaining your investment. To keep the conversations beneficial, take the time to learn and practice good communication tactics.
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How to Host on Airbnb Remotely in 2023
Get Paid For Your Pad
DECEMBER 14, 2022
Managing Airbnbs is one of the most flexible business models. There's no office space, no nine-to-five. Instead, Airbnb business owners find themselves in the enviable position of dictating when and where they work. Customer queries, booking calendars, and managing cleaning staff can be as easily completed in your local coffee shop as sitting at home.
Keeping Up With Rental Property Maintenance
American Apartment Owners Association
NOVEMBER 2, 2022
Being a rental property owner can be a highly rewarding experience, but it does come with its own responsibilities. Once youve gone through the process of screening for the perfect tenants, such as your tenant background check , there will be routine and unexpected maintenance and repairs that will fall into your lap. It can get expensive and tiresome to wait for problems to arise and solve them proactively.
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.
Warning: The Decline of Real Estate Experts Could Crash the Market
BiggerPockets
MAY 16, 2022
The year was 1999. An exclusive group of multi-billionaires gathered in Sun Valley, Idaho, just like they do every year. As usual, no reporters were allowed within miles of their […].
The Complete Guide to Rental Property Loans
Mashvisor
JULY 1, 2022
While the home buying market gets most of the attention and coverage from the media and economists, the single-family residential (SFR) rental property market is a booming $4.
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5 Emerging Trends in Community Association Management
Appfolio
JULY 25, 2022
It can be hard to keep up with the prevailing winds of the community association management industry. So much has.
4 Accounting Process KPIs Every Property Manager Should Track
Appfolio
JANUARY 24, 2022
Understanding the financial health of your property management business is critical if you want to stay compliant and profitable, especially.
How to Get Better Insights by Customizing Your Performance Reporting
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OCTOBER 18, 2022
Whether you’re operating and managing real estate that you own or serving as a fee manager, data and reporting are.
4 Ways to Streamline Maintenance for Your Property Management Business
Appfolio
JULY 11, 2022
Maintenance is one of the biggest headaches and most time-consuming workflows for property management businesses. As a property manager, you.
2022 Top Property Management Trends
Appfolio
AUGUST 1, 2022
Global events over the past few years simultaneously influenced an economic recession and a booming housing market. These unique market.
4 Ways to Strengthen Vendor Relationships
Appfolio
JUNE 17, 2022
Having solid relationships with your residents and owners is key to your success as a property manager, but did you.
How smart home technology elevates marketing and streamlines leasing
Appfolio
AUGUST 10, 2022
It has been said that marketing and leasing are the lifeblood of property management. After all, effective marketing is what.
Going Green: Why It’s Good for the Environment and Your Property
Appfolio
APRIL 22, 2022
As society returns to a “new normal,” it’s more important than ever to develop a different perspective on how we.
Property Management Marketing 101: Tips to Attract More Leads This Leasing Season
Appfolio
MARCH 21, 2022
Effective brand marketing has never been more critical for property management companies as they compete in one of the most.
Peer Review: What to Look for When Switching Software
Appfolio
MARCH 1, 2022
Choosing the right property management software for your business is no easy feat. Between weighing the pros and cons of.
Top Property Management Accounting Challenges & How to Solve for Them
Appfolio
JANUARY 14, 2022
How does your property management company stay compliant and efficient when it comes to accounting and reporting? As a previous.
Streamline Accounting Operations for Improved Efficiency
Appfolio
NOVEMBER 17, 2022
While the rental housing industry has undergone a number of seismic shifts over the last few years, our 2022 Property.
Three Leasing KPIs Every Property Manager Should Track to Optimize Their Business
Appfolio
APRIL 18, 2022
According to a survey conducted by Zumper, 82% of renters are planning to move in the next 12 months, which.
A Beginner’s Guide to Airbnb Automation
Get Paid For Your Pad
DECEMBER 7, 2022
Managing an Airbnb profile can feel like a full-time job. That's not even organizing the cleaning, maintenance, and other routine operations; that's just managing your online listing(s). For first-time or part-time Airbnb hosts, it's a daunting prospect – that's likely to put off many would-be hosts.
How Much Should You Fine Renters for Lease Violations
Real Property Management Chicago
NOVEMBER 25, 2022
As an Orland Park rental property owner, putting clear-cut expectations for your renter is crucial. Part of doing so is guaranteeing certain consequences for violating specific terms in your lease. One way to encourage renters to maintain their lease agreement is to issue fines for violations. But are such fines or penalties legal? And how much should the fines be?
A Renter’s Guide to Online Reviews
Real Property Management Chicago
NOVEMBER 11, 2022
When searching for a new Palatine rental home, you’ll likely find several online reviews of apartments and single-family rental property management companies. Although these reviews can help give you an idea of what to expect from a property, it’s quite important to know how to evaluate them correctly. Not all reviews are created equal; now and then, they can be misleading or utterly incorrect.
What is the Average Cash Flow on a Rental Property?
American Apartment Owners Association
NOVEMBER 2, 2022
Many investment ventures have a common goal to get more money out than what was put in. Real estate investing is no exception, but its also an opportunity to expand your portfolio or create an additional income stream. The first step towards creating income through real estate is to invest in rental properties that generate a positive cash flow properties where more revenue is coming in than going out every month.
Renter-Friendly Scent Solutions – No Candles Necessary!
Real Property Management Chicago
OCTOBER 27, 2022
As much as we enjoy candles, every so often they just don’t cut it when making our rental homes smell lovely. Plus, open flames can be a significant fire hazard. According to the National Fire Protection Association, candles start about 7,400 home structure fires yearly, causing 90 deaths and $291 million in property damage yearly. This statistic is why many Park Ridge property managers try to discourage their renters from utilizing candles.
How Renters Can Find Volunteer Opportunities
Real Property Management Chicago
OCTOBER 15, 2022
Do you need to give back to the Skokie community but don’t understand how? Don’t bother – we’ve got you covered! This blog post will consider some good examples for renters to find volunteer opportunities. There are several approaches to getting involved in your community, and we will help you find the best way for you. Why Volunteer?
A Beginner’s Guide to Airbnb Automation
Get Paid For Your Pad
OCTOBER 3, 2022
Read this article and learn everything you need to know about Airbnb automation Managing an Airbnb profile can feel like a full-time job. That's not even organizing the cleaning, maintenance, and other routine operations; that's just managing your online listing(s).
Making a Realistic Deep Cleaning Schedule
Real Property Management Chicago
SEPTEMBER 29, 2022
Cleaning your Warrenville rental home can feel intimidating, particularly if you’re not accustomed to deep cleaning. But every home should be deep cleaned regularly, however large or small it may be. It may be tempting to put off deep cleaning tasks, which may feel like it’s saving you some work in the short run. Then postponing important cleaning tasks may lead to feeling even more overwhelmed since the job gets larger and harder to get done correctly the longer you wait.
Handling Relay Operators the Fair Housing Way
American Apartment Owners Association
SEPTEMBER 19, 2022
Although not frequent, relay calls do come into leasing offices. What are your policies and procedures when it comes to how to navigate these types of calls? Do they comply with fair housing laws? Does everyone have sufficient training to avoid a fair housing complaint? What Are Relay Operator Calls? While technology is evolving to help people with communication disabilities, the use of relay operator calls still exists.
Professional Property Management: How It Works and How It Can Benefit You
Real Property Management Chicago
SEPTEMBER 16, 2022
Do you keep a single-family rental property? If so, you may doubt whether you should hire a Chicago property management company to help manage it. But what does a professional property management company even do – and is it worth the cost? This blog post will explore how professional property management works and what a property manager can do for rental property owners.
Rent Control 101: Understanding the Basics
American Apartment Owners Association
SEPTEMBER 13, 2022
As a landlord or property manager, rent control may not be the most positive term in the real estate industry. It basically puts constraints on how much control a landlord has over their property, specifically on how much rent they can charge tenants. However, its still important to understand rent control, how it affects the landlord, the tenant and rent increases , as well as its impact on rising rents.
How to Invest in Real Estate: Guide for Beginners
American Apartment Owners Association
SEPTEMBER 2, 2022
You have probably heard at some point that real estate is a great investment or real estate is the best way to earn additional income. While its great to know that real estate is a good investment, its even better to know how to actually invest in it. Where do you start? How much money do you need for an investment property? These are the types of questions that need to be answered before you enter the world of real estate investing.
House Hacking 101: What to Know
American Apartment Owners Association
SEPTEMBER 2, 2022
Real estate investing has its share of benefits, which includes an opportunity to generate a supplemental, or even primary, income. The other great thing about real estate investing? Theres more than one way to do it. For example, you could purchase a single-family home and rent out the rooms or buy that same property, make any necessary repairs and upgrades, and sell it for a profit.
Real Estate Data Analytics for Rental Property Owners
Real Property Management Chicago
SEPTEMBER 2, 2022
As an Arlington Heights rental property owner, you are aware that making informed decisions is the key to success. Nevertheless, gathering accurate and up-to-date information can be complicated. In the past, real estate investing was based more on speculation and educated guesses than on tangible data. If you would rather avoid the guesswork and minimize your risk, real estate data analytics is what you want.
How to Make Your Airbnb Stand Out To Get More Bookings
Get Paid For Your Pad
AUGUST 24, 2022
Read this article to learn how to make your Airbnb stand out and increase revenue. Guests choose Airbnb over hotels and motels in part because of the price, but it's also an opportunity to try something different. Customers want an Airbnb that's as much a highlight of their trip as any other attraction.
Why and How to Evict a Tenant
American Apartment Owners Association
AUGUST 7, 2022
Evicting a tenant is never easy, but it can be an unfortunate part of your job as a landlord. When that time comes, its important to know how to do it properly to streamline the process and avoid any legal blowback. Your tenants have rights and any violation of them could extend the eviction process longer than it should. Keep reading to understand how and when to (properly) evict a tenant.
Understanding a Rent Increase Notice and the Importance of Compliance
American Apartment Owners Association
AUGUST 7, 2022
Part of being a rental property owner or manager is understanding the local and state rent increase laws. A rent increase is a consistent responsibility for every landlord, but there are reasons beyond rent regulations and compliance to understand the process and reasons behind it. If you have a good relationship with your tenant, you may decide to postpone raising rent, but when other real estate factors start impacting your ROI, it may be time to reevaluate your monthly rent price.
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