Real Property Management Chicago

NOVEMBER 8, 2024

Assuming that you own a rental property, the likelihood is that you’ve considered hiring a property management company sometime in the past. However, even more than that, when you hire property management experts, you can acquire benefits and expertise that numerous do-it-yourself landlords lack. And it’s a reasonable thought.

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Real Property Management Chicago

NOVEMBER 22, 2024

The swift change in the rental property management industry is no surprise. All of these factors, taken together, have lastingly altered the property management landscape. What then drives property management going forward? AI-Powered Property Management Tools Property management software has developed greatly in the past years.

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Buildium

DECEMBER 26, 2024

This pressure is carrying over to boards relationships with HOA managers. 27% of board members surveyed in our latest community association industry report pointed to finding and working with HOA management companies as a major source of stress for their communities. HOA Accounting Managing HOA finances is no small feat.

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Appfolio

MARCH 16, 2021

It’s one of the property management industry’s most pressing pain points. . While the average turnover rate across all industries stands at 22% , the property management industry has a turnover rate of 32.7%. . So what can be leaders and managers do to improve retention? How can their manager help facilitate their growth?”.

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American Apartment Owners Association

DECEMBER 20, 2024

In property management, it is essential to be thoroughly aware of tenants’ rights and obligations. Let’s examine the specifics of these rights and obligations to assist property managers in better and more effectively navigating this complex environment.

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Rental Choice

MAY 7, 2024

One of the most important is rental property maintenance. Why Is Rental Property Maintenance Important? Property maintenance for rentals is crucial for several reasons. Firstly, proper maintenance is vital for finding good tenants. After all, you can’t rent out a dilapidated and unlivable property.

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Bay Property Management Group

DECEMBER 30, 2024

Considering renting out your house? Read on to understand the process of renting out your house and avoid potential hiccups. Read on to understand the process of renting out your house and avoid potential hiccups. Renting out your house can give you several benefits. Repair and Maintenance: Address all maintenance issues.

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BetterWho

NOVEMBER 26, 2024

Are Rent Prices Going Down? Understanding the Rental Market Trends Rent prices are a hot topic for both property managers and renters. With economic fluctuations and market shifts, the question arises: Are rent prices going down ? What’s Driving Changes in Rent Prices? Learn more in this BetterWho blog post.**

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Buildium

NOVEMBER 12, 2024

As a large property management company, you know how important it is to establish standard processes and leverage technology. It’s no secret that finding new units to manage can be tough right now. In our Industry Report , 36% of property management professionals said that’s how they plan to grow in the next two years.

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Bay Property Management Group

DECEMBER 1, 2024

Rent increases are pretty much unavoidable. While they’re unpleasant for tenants, they’re necessary for landlords who must pay for the rising maintenance costs, taxes, and utilities. So, if you’re facing a rent increase, there are a few things to remember. Contents of This Article: How Often Can Your Landlord Increase Rent?

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Real Property Management Evertrust

JANUARY 9, 2025

The property management industry is evolving, mostly propelled by technological advancement. Indeed, AI-based technology is transforming every facet of rental property management. Continue reading to uncover the key technologies revolutionizing rental property management and defining the industry’s future.

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Fourandhalf

AUGUST 22, 2024

There are many different factors at play when choosing the best property management software for your company: your growth plans, how your company is structured, and what types of properties you manage. The property management industry has changed. Generally speaking, property management software takes care of your operations.

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Bay Property Management Group

JANUARY 19, 2025

Ideally, when someone rents out a home, they’d move in the following month. Luckily, when that happens, you don’t necessarily have to pay that entire month’s rent. In other words, the tenant could pay a prorated rent, an amount that reflects the number of days you’ve lived in the rental.

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Bay Property Management Group

JANUARY 7, 2025

If you need extra income, renting out a spare room can be a great solution. By renting out a room, you can help cover your mortgage, property taxes, utility bills, and more. To make the right decision, establish clear rules for renting a room in your house. However, its not as simple as it looks. Lets explore the pros and cons.

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Buildium

NOVEMBER 5, 2024

Property managers are going to be busy in 2025. According to our 2025 Property Management Industry Report , 91% of property managers we surveyed plan to expand their portfolios in the next two years. With so much on the horizon for property managers, property management tax reporting, may be the last thing on their minds.

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American Apartment Owners Association

JANUARY 13, 2025

Thousands of families displaced by the fires are struggling to find housing, and in some cases, rents are spiking alarmingly in areas affected by the destruction. A Positive Response Amid the Chaos: Ratner Property Management While some landlords have capitalized on the crisis, others are stepping up to support their communities.

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American Apartment Owners Association

NOVEMBER 2, 2022

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. Read on to learn more about how you can ensure your rental property maintenance is handled properly.

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Lula

SEPTEMBER 12, 2024

” Managing single-family rental (SFR) properties comes with unique challenges, particularly when it comes to balancing tenant satisfaction with property maintenance. One area that’s frequently overlooked but crucial for long-term cost efficiency is the maintenance of HVAC systems.

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Bay Property Management Group

DECEMBER 23, 2024

Are you a rental property owner stuck in the classic debate: landlord vs property manager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a property manager, so you can confidently choose the right path for your rental business. Lets dive in! What Is a Landlord?

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Buildium

JANUARY 21, 2025

Generating enough revenue to compensate for rising costs remains a top challenge for property management companies in 2025. Property Management Companies Rate of Revenue Growth In Buildiums most recent survey of thousands of property management professionals, 91% said they expected their companys revenue to increase over the next two years.

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American Apartment Owners Association

DECEMBER 9, 2024

Identify potential risks through in-depth examination, includingmarket analysisfor rental trends and property maintenance assessments. Manage maintenance costs proactively. Another important element of due diligence is evaluating theproperty’s maintenance and legal compliance.

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American Apartment Owners Association

JANUARY 9, 2025

If this sounds familiar, you might assume property management software is just another expense eating into your profits. This article will investigate the true value of property management software, including its uses and benefits for landlords of all sizes (financial and otherwise). What is Property Management Software?

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Real Property Management Chicago

JULY 27, 2023

In the world of rental properties, numerous maintenance responsibilities fall under the purview of either the landlord or the tenant. With effective communication, tenant satisfaction, and cost management, it helps to know who is in charge of maintaining rental properties.

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Fourandhalf

DECEMBER 19, 2024

Its been a long time since we put out an episode of The Property Management Show and today were excited to talk with RoDevia Brigham, the founder and CEO of Proposabid. Their niche client base is property management companies, real estate investors, and mom-and-pop investors. The idea for this company came from a shower moment.

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Beach Front Property Management

NOVEMBER 20, 2024

Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities. In exchange, the lessee pays rent to use the property for business purposes over a specific period.

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Bay Property Management Group

DECEMBER 10, 2024

Although increasing rent may seem like the simplest way to solve the problem, you risk losing your tenants. Instead, value addition is the best strategy to increase rental income since it allows you to improve your property and services without simply raising rent.

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Beach Front Property Management

DECEMBER 18, 2024

Should you rent or own a home? Renting often comes with lower annual costs, as residents are not responsible for property maintenance or significant repairs. Here, we will learn about owning vs renting in detail. No maintenance responsibilities : Residents are usually not responsible for home repairs or maintenance.

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Genuine Property Management

SEPTEMBER 19, 2024

When you rent a home, it’s common to wonder who handles repairs and maintenance. While every situation is different, property managers often play a key role in managing repairs. Below, we’ll cover the typical circumstances where property […] The post Do Property Managers Pay for Repairs?

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American Apartment Owners Association

SEPTEMBER 5, 2024

This article was contributed by DoorSpot property management software. Manage your entire portfolio with one simple tool. Managing rental properties can be both rewarding and challenging. One of the biggest headaches landlords face is making sure rent is collected on time, every time.

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Beach Front Property Management

OCTOBER 23, 2024

Two popular options are flipping houses and renting out properties. What is Renting? Renting, or the buy-and-hold strategy involves leasing a property to residents in exchange for monthly payments. Some property owners hire property management companies to handle these tasks, though it reduces profitability.

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Bay Property Management Group

DECEMBER 3, 2024

If you’re looking for the best property management books around, we’re here to help. Our professional property managers have chosen our personal favorites for your viewing pleasure. Read below for some great recommendations on managing rental properties.

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Beach Front Property Management

SEPTEMBER 25, 2024

Timely rent payments and an efficient collection system are essential to a successful rental property. With advancements in rental technology, offering online rent collection has become easier than ever. Discover the benefits and resources available for setting up an efficient online rent collection system.

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Bay Property Management Group

DECEMBER 11, 2024

Managing multi-family rentals is a huge task. Juggling tenant relations, maintenance, and financial obligations can quickly become overwhelming as responsibilities pile up. So, how can you manage these rental properties like a well-oiled machine? So, what are some of the common obstacles you should prepare for?

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Real Property Management Chicago

MARCH 7, 2024

Being a rental property owner or landlord, managing your property can prove to be challenging and time-consuming. Luckily, property management companies exist to aid you with tasks like tenant screening, rent collection, and maintenance.

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Real Property Management Chicago

SEPTEMBER 16, 2022

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? By the end, you’ll better know whether property management is right for you. What is Property Management?

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American Apartment Owners Association

DECEMBER 16, 2024

In the competitive world of property management, tenant turnover can be a significant drain on resources and profitability. For property management companies and landlords, focusing on tenant retention is not just a smart business move it’s essential for long-term success.

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American Apartment Owners Association

NOVEMBER 21, 2024

Multifamily revenue management is more than setting rent prices; it’s aligning your apartment community’s whole operation—leasing, marketing, management, and pricing—toward achieving your desired financial outcome. Rent prices alone won’t drive revenue growth.

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