Remove Lease Remove Professional Property Management Remove Transportation
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Location This is the most crucial factor when judging a possible multifamily purchase as it significantly impacts rental demand and property value.Consider the buildings proximity to amenities, public transportation, employment centers and whether there are any environmental concerns.

Property 200
article thumbnail

Scaling Up: Transitioning from Single-Family to Multi-Family Rentals

Real Property Management Chicago

Investing in multifamily rental properties as opposed to single-family rental properties can expand a portfolio and present new financial opportunities. It’s crucial to first understand any potential difficulties with multifamily leases. For instance, a lucrative rental always depends on location.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Rules for Renting a Room in Your House You Should Know

Bay Property Management Group

However, you should consult a tax professional to make sure youre following the law. Individualized Leases The advantage of individualized leases is that they let you customize the rental agreement terms based on the tenants unique situation. So, you can adjust your lease to fit tenants with different needs.

Rent 147
article thumbnail

Is Renting Smarter Than Buying Your Home?

Real Property Management DC Metro

Other amenities tenants look for include public transportation, certain school districts, or access to public recreation areas. Most renters like leasing their homes owing to the fact that it gives more flexibility and freedom than buying their own. Use a good property management company. More flexibility and freedom.

Rent 85
article thumbnail

Finding the Perfect Multifamily Property

American Apartment Owners Association

Location This is the most crucial factor when judging a possible multifamily purchase as it significantly impacts rental demand and property value.Consider the buildings proximity to amenities, public transportation, employment centers and whether there are any environmental concerns.

Property 130
article thumbnail

Adapting to a Competitive Rental Market: Investor Strategies for the New Year

RL Property Management

Incentives for Long-Term Leases: Offering perks is a great way to reduce turnover and ensure steady income. Common examples include a free months rent or lower security deposits for longer leases. These incentives save costs on advertising, cleaning, and re-leasing while building tenant loyalty. Are tenants renewing leases?

article thumbnail

Is Renting Smarter Than Buying Your Home?

Real Property Management California Coast

Other amenities tenants look for include to public transportation, certain school districts, or access to public recreation areas. Several renters like leasing their homes given that it confers more flexibility and freedom than spending. Use a good property management company. More flexibility and freedom.

Rent 58