Most commercial real estate owners hire professional property management. Selecting a property manager is important because a good manager can help an owner maximize the return on its investment. But it’s important that owners include key provisions in the property management agreement. 1. Manager Compensation Commercial property managers usually charge the owner a fee based […]
How Technology Can Help Improve Your Rental Property Business
April 4, 2019 by
The business of managing rental properties is often more than a full-time job. Between approving rental applications, addressing tenant requests, and providing maintenance for properties, property managers need to address several responsibilities at a time. If you consider the fact that this is all in addition to marketing new or vacant properties, it becomes clear […]
Considerations to make when buying rental property
February 14, 2019 by
There are many things to consider when it comes to investing in rental property. Below are the top three considerations you’ll want to take into account when buying rental property. Consideration 1: Location I can’t stress enough about how important the location of your rental property is. Often times new investors don’t put enough emphasis […]
Standardizing Single Family Rental Terms and Definitions
February 10, 2019 by
The National Rental Home Council (NRHC) has established “recommended best practices for defining, calculating, and reporting key financial and operational disclosure metrics for the single-family rental (SFR) industry.” Green Street Advisors’ Advisory and Consulting Group provided subject matter expertise and worked with NRHC members to develop standardized definitions and calculations of common disclosure metrics and […]
Ask Brian: What are the Key Concerns for Fixer-Rental Investors?
February 4, 2019 by
Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to [email protected]. Question. Les from Tampa, FL writes: I’ve been a landlord before but out of the business for about five years. As I […]
Top Landlord Accounting Software for Property Managers
January 21, 2019 by
Landlord accounting software for property managers can make or break a real estate business. Real estate investors know that, whether they hire a property manager or manage their properties themselves, that pen-and-paper bookkeeping will get you nowhere fast — especially if you have a large number of properties. Thankfully, using landlord accounting software for property […]
When Is It Time To Hire A Property Manager For Your Rental Units?
November 8, 2018 by
If you are the owner of multiple rental units, there may come a time where you will not be able to manage these on your own. It can become quite problematic, collecting the rent, and dealing with problems that arise from time to time with the structures. Additionally, if you have tenants that have not […]
Finding a Property Management App That Will Help Real Estate Professionals
September 28, 2018 by
A property management app is an absolute must if you’re a real estate professional. The problem, though, is that there are so many different apps out there that it can be difficult to find the right one for your realty business. Here are some great tips for finding the best one that fits your own needs. […]
How to Get Your Investment Property Ready to be Rented Out
September 12, 2018 by
If you’ve got an investment property that you’d like to start renting out, there are a number of things you need to do to make sure it’s ready.
Landlord Best Practices for Rent Increases
September 11, 2018 by
As increased demand for apartments outpaces increases in supply, multifamily rental rates are increasing. Landlords should keep pace with the market. Landlords also need to increase rent regularly so that their revenue is adequate to cover increased costs. Yet no landlord wants an increase to cause an exodus of tenants. How a landlord communicates a […]
