article thumbnail

Marketing a rental property like a pro: Tips for landlords

Buildium

Income level: Is your property suitable for middle-income earners or higher-end tenants? Lifestyle preferences: Does your ideal tenant need proximity to public transportation or prefer a property with a large backyard? Make sure your listing is detailed with descriptions, clear pricing, and essential property features.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

You can also deduct your expenses such as airfare, transportation, and hotel when you go out of town for business. Having property management software with accounting features can help you do that. For 2024, the standard mileage rate is 67 cents per mile.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Making Money in Multifamily: Tips and Tricks for Smart Investors

American Apartment Owners Association

Location Matters When it comes to multifamily investments, the location of your property plays a pivotal role in your success. Consider these factors: Proximity to Amenities: Properties near schools, parks, shopping centers, and public transportation tend to attract more tenants.

article thumbnail

Hosting 301: Airbnb as a Business

MaidThis

Depending on your budget, one option is to hire a property manager or use property management software. Another way to grow your business is to acquire more properties , however, its important to do your research. Carefully consider the financial implications before making any (expensive) investments.

Airbnb 52
article thumbnail

What is a tenant benefit package?

MRI Software

You can easily offer a 24/7 maintenance hotline with multifamily property management software. Property management software with an automated communications tool, like Callmax , will streamline maintenance requests. You can utilize multifamily property management software for credit reporting.

Tenant 52
article thumbnail

What is multifamily property?

MRI Software

Property managers with these properties in their portfolios will need to know how to navigate the unique challenges and rewards that come with managing homes for multiple families. What is a multifamily property? Changing societal attitudes are impacting the design and function of multifamily properties.

article thumbnail

How are modular homes addressing the multifamily supply problem?

MRI Software

Its important to note that its not all savings as transportation and setup can add costs. Fewer Deliveries: Modules reduce the need for constant site deliveries, cutting emissions from transportation. How does MRI Software help manage modular home projects in multifamily developments?