Beach Front Property Management

OCTOBER 23, 2024

House flipping involves purchasing residential properties at a low price with the intent to sell them for a profit. While they may still require some repairs or upgrades, they generally need less extensive work than distressed properties, allowing for faster turnaround and potential profits. What is House Flipping?

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MRI Software

OCTOBER 24, 2023

In residential property management, following up on leads and maximizing occupancy are crucial to the success of your multifamily community. While essential to the success of your property portfolio, maximizing resident occupancy can be challenging. In this guide, we explain how to maximize residential property occupancy.

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Real Property Management DC Metro

AUGUST 11, 2023

Nevertheless, there is no one-size-fits-all answer to the question of whether one can survive solely on rental income. You’re on the right track to depend on your rental income if it comfortably pays all of your bills, including your mortgage, property taxes, insurance, maintenance fees, and personal living expenses.

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Real Property Management Choice

AUGUST 2, 2015

Be very careful on the tenant selection and agreed lease term. Because once we sign the lease, it is a binding agreement. Depending on the city and local regulation, it may not be that easy to get undesired tenants out of the property, once we put them in the property. Call 310) 984-9518.

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Real Property Management Choice

APRIL 10, 2022

With no know-how of attracting new tenants and ensuring timely maintenance, you may end up sacrificing your rental income to extended vacancies and hefty maintenance costs. That’s where a property management company steps in. That’s where a property management firm can save the day.

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MRI Software

MARCH 25, 2024

At its core, economic occupancy serves as a measure for the financial performance of rental properties. It measures the ratio of actual income generated by a property compared to its potential income if all units were leased at market rates. Multiply the number of units by the market rent for each unit.

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MRI Software

OCTOBER 23, 2023

Artificial intelligence (AI) isn’t a dream of the future anymore – it’s here now, and it’s being used in industries across the globe, including in the residential real estate sector. In this guide, we look at what AI multifamily is, its functions, and how it is benefitting residential property managers by reducing risk and saving time.

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MRI Software

DECEMBER 9, 2024

Real estate provides consistent rental income and tends to hold up well during economic downturns, which adds a layer of resilience to your investment portfolios. Understanding residential, commercial, industrial, and mixed-use options helps you align your portfolio with opportunities that match your goals.

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MRI Software

DECEMBER 10, 2024

Benefits of renting commercial property as residential One of the biggest benefits of renting commercial property for residential use is the potential for higher rental income. Properties in urban centers or near transit hubs can attract tenants willing to pay premium rates.

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Real Property Management Choice

MARCH 28, 2024

The right residents pay rent on time, take care of the rental property, follow the terms of the lease agreement, and communicate openly and transparently. How do you protect your property and your rental income by placing the best possible residents? Was any property damage left behind?

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Real Property Management Choice

AUGUST 2, 2015

Although the documents can vary depending on the property type, jurisdiction and other circumstances, these 7 documents below is every landlord should have on file. LEASE AND ADDENDUMS The lease is obvious. We offer premium leasing services and monthly professional property management at unbeatable price and flexible terms.

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Real Property Management Choice

APRIL 1, 2022

As the effect of pandemic starts decreasing, rental homeowners may consider attracting more tenants looking for residential properties. While some choose to do it on their own, others go the same property management assistance way to get their properties leased at the best rate in the market. It’s simple.

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SparkRental

DECEMBER 3, 2024

While Ark7 originally restricted short—and mid-term rentals to accredited investors , it opened them up to everyone in 2023. It starts with Ark7 finding and buying properties, leasing them out, and offering shares for sale on their marketplace. New property shares are priced at $20 per share.

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Esquire Property Management Group

OCTOBER 12, 2024

Make sure to hire a professional property management service to help lease and maintain your property. The answer is simple: you can use the rental income from your former primary residence to rent a new home during the “curing” period. Convert your primary residence to a rental for at least a year.

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MRI Software

AUGUST 29, 2024

The recent COVID-19 pandemic has also placed pressure on office property investments. The shift towards remote working has impacted the demand for office space and lease renewals. Investors who focused predominantly on office properties now face decreased occupancy and rental income challenges.

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MRI Software

SEPTEMBER 2, 2024

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.

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SparkRental

NOVEMBER 12, 2024

It works particularly well with 1-4 unit residential properties, but you can also do it with 5+ unit apartment buildings. For residential properties with up to four units, you can refinance with a conventional mortgage or a portfolio loan, typically up to 80% LTV but possibly up to 85%.

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Authority Property Management

MARCH 3, 2022

Most importantly, make sure they are a member of professional associations like the National Association of Residential Property Managers and check their rating with the Better Business Bureau. A Bulletproof Business Strusture Property owners value peace of mind, and they want to be sure their investment is safe.

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MRI Software

DECEMBER 12, 2023

Semi-detached homes also tend to be more affordable than completely detached homes, making them a great way to invest in multifamily properties. Townhouse A townhouse, also called a townhome, is a residential property that is connected side-by-side to other townhouses in a long row. Who are multifamily homes best for?

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SparkRental

NOVEMBER 14, 2024

Who says you need a separate loan for every single property? As you scale your real estate portfolio, it can get tricky to borrow and manage individual loans for every residential property. It also limits your financing options and your ability to pull equity out of existing properties. Enter: blanket mortgages.

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Second Nature

OCTOBER 18, 2024

McNeill explains how they evaluate this at PURE: “We evaluate pro forma financial statements and arrive at a percent profitability based on adjustments we can make by removing ‘seller benefits’ such as vehicle leases, personal expenses, etc.” Property management is still largely driven by personal contacts and business relationships.

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