Most Demanded Amenities Today’s Renters Request To Property Management Companies

Landlords and property managers avoid vacancies by knowing what today’s tenants seek in rental housing. Below is a list of the most sought-after features among renters according to survey results from The National Multifamily Housing Council and Kingsley Associates that property management companies must now. The Most in-demand Amenity is High-Speed Internet: Ninety-four percent of renters expect high speed internet to be available, and they’re willing to pay $35 per month for this feature. Parking: Ninety-four [...]

Tips for Property Management Companies (Individuals) to Lower Operating Costs

In a recent survey on challenges property management companies grapple with, 45 percent of respondents said that “lowering operating costs” is “challenging” or "very challenging.” Reducing operating costs is a universal quest among businesses of all types, especially property management cost. Maximizing income is de rigueur among owners and managers alike. That said, finding ways to lower operating costs is usually the dilemma, especially in today’s ever-changing world of property management. According to real estate experts [...]

Property Management Companies Are Using Smart Technology for Attracting New Tenants

Progressive property management companies are continuously looking for opportunities to attract new tenants. In competitive rental markets, knowing what amenities renters want is often the best way to most is one way to accomplish this task and snatch potential leads away from competitors. Recent research finds that technology is an important influencer when it comes to renters’ choices, and in fact, renters expect it. Technology presents property managers with an excellent opportunity to [...]

Renter-friendly, Damage-free Decor and Storage options that Property Managers and Property Management Companies Will Love

When it comes to rental space, tenants usually want to personalize their space and make it more functional for their needs. Property managers want to protect landlords’ investments and discourage DIY customizations that can mar walls and other elements of a property. This is the tricky part for many property management companies, however, it doesn’t always have to be like that. Suggesting renter--friendly options for tenants to make their spaces more personal is [...]

What a Property Management Company Will Do for You

Before you decide to manage your rental property, you have to understand what the job entails. Most people don’t hire a property management company and make the mistake of thinking that it’s just the monthly rent or income less the mortgage and maintenance cost. However, collecting rent and paying for handyman work is just a small part of the whole equation. In reality, the job of a property manager involves landlord duties, paperwork, [...]

The Fees of Property Management Companies

Most people look at the fees when comparing property management companies. However, property management fees vary widely and choosing the company with the lowest fee is not always the best for your assets. A lower rate may mean that the company acknowledges they can provide a premium service or wants to undercut the competition. However, a higher rate does not always equate to top-tier service. Avoid comparing apples and oranges and make sure [...]

One Little Word that Landlords and Property Management Companies Should Bank On

One of the most effective things a landlord, property manager or property management companies can do, in order to keep their business operating profitably, is to learn to say no. Most have stories of tenant shenanigans that taught them some tough (and often expensive) lessons, and they understand that the choices they make when problems with tenants arise can impact their profits and property value. Bottom line, renting apartments and homes to tenants [...]

6 Amazing Services That a Property Management Company like RentVest Offers

You may have never thought of planning to sell your home, become a landlord or simply not planning to leave your current location, your destiny may have provided you with a different course and you are now forced to sell your home. Whether you are to leave due to your work or simply want a change of place, it is best to set your plans in the right track. RentVest property management company [...]

How to Find the Best Property Management Company for Your Investment Property

So, you’re a real estate investor who has decided that a hiring a property management company makes sense for achieving your short-term and long-term investment goals. But finding the right PM team can be a challenge, considering the number of property management companies vying for your business. A company’s brand messaging and online visibility will certainly play an important role in helping you evaluate your options, but you’ll still need to know the [...]

Questions Every Aspiring Property Management Company Owner Needs to Ask

Do you ever find yourself having the same conversations over and over in your head about your job? The owners of a successful property management company know all the answers and the secrets of the trade. In case you found the guts to ask them out for lunch, be sure to ask them the right questions so you too can be successful in the field. Find people who are successful in your industry [...]