What Real Estate Property Management Companies Need to Know About Upzoning

Real estate property management companies and landlords face an ever-growing number of complicated regulations to grasp and navigate in 2020 and beyond. Expect a continuation of housing regulatory trends that have already impacted the property management industry. Many regulations focus on establishing more housing to keep up with a steadily increasing demand; others seek to create a buffer for tenants in increasingly expensive rental markets, while still others help rental property owners protect their [...]

Tip from Real Estate Property Management Companies: Before Signing a Lease, Read the Fine Print

Finding a new apartment is exciting. You can’t wait to move in and make it your home. But don’t rush to sign the lease agreement before you review it thoroughly. That’s the first thing all real estate property management companies should tell you. Once your search for a place in the right location, with the right number of bedrooms and bathrooms and all the amenities you’d hoped for is within reach, you know you’ve [...]

Common Mistakes Real Estate Property Management Companies Make when Leasing Rental Properties

If you’re in the business of land lording, you’d probably agree that the role comes with its share of challenges. OK, more than its share. And one challenge landlords and real estate property management companies can do without is getting qualified tenants in and keeping them around. Ensuring you have paying tenants and the associated rental income stream on a consistent basis may sometimes seem like herding cats.  If you find yourself sitting on [...]

Tax-Deductible Expenses Real Estate Property Management Companies and Landlords Should be Tracking

Consistent tracking of income and expense records isn’t the most stimulating task that real estate property management companies and landlords handle, but it is at the top of the list of priorities. In most cases, property owners are entitled to deduct expenses of up to $25,000 each year from their taxable income, which means that keeping accurate records is critical to making sure nothing is left on the table. When calculating the property owner’s [...]

Easy and Charming DIY Ideas for Real Estate Property Management Companies to Transform Apartment Living Rooms

Whether you’re in the mood to tackle a breathe-new-life-into-your-apartment project or you simply can’t live with your drab living room one more day, here’s a DIY initiative that’s fun, creative, and easy for real estate property management companies.  It doesn’t matter if you’re doing it out of necessity to gussy up a soul-crushingly dull room or to simply to unleash some creative energy, there’s nothing like the satisfaction of inspired DIY. Put your [...]

The Cost of Utilities for Apartment Tenants and Factoring Them into Your Monthly Rental Budget

With each new apartment, it’s not uncommon for tenants to experience a period of trepidation as they wait to see how much their utility bills will add up to. Utility costs can vary from season to season, based on what part of the country you’re in. Rent is a fixed and transparent monthly expense but apartment utilities like electricity, water, natural gas, cable, and internet aren’t so straightforward.  If these costs are included [...]

Furnished or Unfurnished: Which is the Better Choice for Rental Property Owners?

Rental properties are among the most popular investment options for growing wealth.  One of the key requirements for a successful rental property is making strategic decisions about you’re your rental units offer to prospective tenants. To maximize your potential rental income and return on investment (ROI), property managers and landlords need to consider factors like the property’s location, the rental unit(s) size, comparable rental prices in the area and more. An important decision [...]

What Tenants and Property Managers Need to Know About Fair Housing Laws

Property managers and landlords have a lot of leeway when it comes to approving new tenants for their rental units based on applicants’ credit scores, criminal history, financial background and earnings, and rental history. Nevertheless, the federal government does impose limitations regarding tenant screening practices that are considered discriminatory. There are seven protected classes under the Federal Fair Housing Act. They include: Sex Religion Race National origin Color Familial status Disability Most people [...]

A Step-by-Step Guide to Writing Stand Out Rental Listings That Attract Tenants

When it comes to writing a listing to advertise your rental vacancy, the competition is fierce. Your listing and more than 100 others (on average) are vying for the attention of renters who spend roughly three seconds viewing a listing before deciding whether to investigate further or move on to the next. With your potential tenant pool making such quick, at-a-glance decisions to “yea or nay” properties the burden to capture and hold [...]

Property Management Industry Trends to Watch For in 2020

As the nation’s demand for rental housing continues to grow, the property management industry is growing with it. This booming branch of the real estate investment sector can expect a spate of new technologies and opportunities that they’ll need to keep up with in 2020 to stay ahead of the game. Demand for rental housing in the second quarter of 2019 spiked 11 percent from 2018, despite rental price increases averaging 3 percent [...]

2020-03-12T00:25:30+00:00Property Management|