Buildium

OCTOBER 28, 2024

The same goes for renters—88% of them would like to complete at least some rental processes online, a 17-point increase since 2021. Fact #5: Maintenance Costs Are Rising Property management companies see work order management software as the main opportunity for improving property maintenance, a top concern among rental owners and tenants.

Property Management

Buildium

NOVEMBER 25, 2024

This is the highest rate we’ve seen since 2021, indicating that the resident retention efforts many property management companies invested in over the previous year are, indeed, working. This trend is expected to continue for the foreseeable future.

Property Management

Appfolio

MARCH 16, 2021

As Jasmyn Sylvester, Senior Property Manager at Atlanta-based Pine Tree LLC and member of IREM’s 2021 Diversity Advisory Board says: “I think it takes a very specific skill set to be a property manager and to really want to stay in it. You have to really be committed to roll with the punches. But software is only one piece of the puzzle. .

Property Management

Florida Property Management

MAY 7, 2021

Whether you’re buying your first rental home, thinking about a future retirement home, or you want to add great properties to a growing portfolio - Boca Raton is the place to be in 2021. According to the latest Florida Realtors® report, South Palm Beach County inventory in the first months of 2021 is down 51 percent from 2020.

Real Estate

Real Property Management Chicago

JULY 12, 2024

Routine maintenance is crucial for preventing water leaks. Stay on top of maintenance issues and notify your landlord if you see signs of a developing problem. Originally Published on April 2, 2021 The post What to Do When There’s a Leak in Your Park Ridge Rental Home appeared first on Real Property Management Chicago Group.

Landlord

American Apartment Owners Association

OCTOBER 10, 2024

Add to this the rising costs of maintenance, utilities, and taxes, and it becomes clear that the financial burden on landlords has grown significantly. Additionally, access to cash-back programs on maintenance and supply purchases help address and mitigate the rising costs landlords have faced since 2021.

Landlord

American Apartment Owners Association

OCTOBER 10, 2024

Add to this the rising costs of maintenance, utilities, and taxes, and it becomes clear that the financial burden on landlords has grown significantly. Additionally, access to cash-back programs on maintenance and supply purchases help address and mitigate the rising costs landlords have faced since 2021.

Landlord

American Apartment Owners Association

AUGUST 30, 2024

Rent growthis decelerating from the double-digit increases seen in 2021 year-over-year rent growth currently stands at -0.8 Tasks like tour scheduling, applicant vetting, lease renewals, rent collection, and maintenance requests are prime candidates for automation. percent and has now been in negative territory for over a full year.

Lease

Condo Control

DECEMBER 11, 2024

This represents slightly less growth than what was reported in 2023, but companies are still growing at a pace that exceeds growth recorded between 2017 and 2021. Automating repetitive processes to reduce expenses and unlock higher profits (think online payments , maintenance requests and reservations) its a win-win situation.

Property Management

Appfolio

APRIL 13, 2020

As property managers wait to see how coronavirus will fully shape the real estate industry, they can use the downtime to get a head start on revising their 2020 and 2021 business strategy and making plans for the future. Make More Strategic Decisions.

Property Management Software

Rental Choice

MARCH 5, 2024

The rental market rapidly increased during 2021 and 2022. In 2021, the median age was 44 years. Property owners must reinvest in repairs and maintenance costs to keep them in good condition. The 2024 America’s Rental Housing Report has several notable trends and key takeaways. It dropped from 15.3% to just 0.4%.

Apartment

American Apartment Owners Association

FEBRUARY 6, 2025

Although many people consider a house up to 600 square feet to be a tiny home, the 2021 International Residential Code (IRC) Appendix AQ, stated that tiny houses are dwelling units measuring 400 square feet (37 m 2 ) or less in floor area, excluding lofts. Some tiny homes are actually found in trees.

Landlord

Real Property Management DC Metro

SEPTEMBER 27, 2024

Normally, tenants do not have to pay for maintenance and repairs, property taxes, or come up with a down payment to buy a house. Real Property Management’s local market experts can help you plan and budget your property maintenance and repairs, set up updates, and find tenants who are looking to stay in your rental long-term.

Rent

Condo Control

APRIL 24, 2025

However, if the association is responsible for maintaining the roofs, it raises significant issues related to the increased cost of maintenance. Some of Allstates services include providing input and guidance to the board and owners, collecting dues, assisting with meetings and elections and arranging for pre-emptive maintenance.

Management

Real Property Management California Coast

OCTOBER 11, 2024

Hardwood Floors You may be thinking only about the long-term maintenance. Originally Published on October 29, 2021 The post Remodeling? Before you alter any unique features of your property, think about considering the benefits of keeping the features on our list. Don’t be so swift to take out or cover up hardwood flooring.

Utilities

Real Property Management California Coast

SEPTEMBER 13, 2024

A smaller home means easier cleaning and maintenance, which is perfect for those who want to spend less time on chores and more on personal activities. Originally Published on September 24, 2021 The post Thinking About Downsizing? Spending less time cleaning Easy movement within your rental home is crucial to finding the right fit.

Property Management

Authority Property Management

JULY 19, 2024

years) 2021: 699 days (about 1.9 Ensuring timely maintenance, responsive communication, and a positive living experience can contribute to longer tenant stays. Trends by Year of Move-In Interestingly, the duration of tenant stays has varied significantly based on the year of move-in. years) 2022: 576 days (about 1.6

Tenant

Real Property Management DC Metro

OCTOBER 10, 2024

Hardwood Floors You may be thinking only about the long-term maintenance involved. Originally Published on October 29, 2021 The post Remodeling? Before you try to alter any unique features of your property, examine the benefits of keeping the features on our list. Don’t be totally hasty to get rid of or cover up hardwood flooring.

Utilities

Real Property Management California Coast

AUGUST 9, 2024

Effective rental property landscaping should create beautiful, low-maintenance gardens. Most areas have native plants like lavender, coneflowers, and bee balm that are low-maintenance and attract pollinators. If you’re like many rental property owners in El Segundo, you aim to make your rental more eco-friendly.

Property Management

Real Property Management California Coast

SEPTEMBER 28, 2024

Usually, tenants do not have to pay for maintenance and repairs, property taxes, or come up with a down payment to buy a house. Real Property Management’s local market experts can effectively help you plan and budget your property maintenance and repairs, put together updates, and find tenants who are looking to stay in your rental long-term.

Rent

Rental Housing Journal

JANUARY 7, 2025

In dollar terms, the national median rent today is $8 per month cheaper than it was one year ago and $50 per month less than in August 2022, but still remains $225 per month higher than the January 2021 level. That lack of demand tends to result in modest discounts from property owners with vacancies to fill.

Rent

Real Property Management California Coast

JANUARY 26, 2024

It is important to carefully consider higher initial and ongoing maintenance costs as well as the potential for longer vacancy periods. Before making a decision, one should consider the potential drawbacks of higher returns, diversified portfolios, and tax advantages, including market volatility and maintenance expenses.

Real Estate

Real Property Management DC Metro

JANUARY 25, 2024

Careful deliberation is necessary due to the potential for increased vacancy periods, higher initial investment and maintenance costs. Weighing the drawbacks of market volatility and maintenance costs is necessary against the appeal of diversified portfolios, tax benefits, and higher returns.

Real Estate

Real Property Management California Coast

JUNE 28, 2024

Early notification of maintenance issues to your landlord leads to prompt fixes. Addressing maintenance or minor repairs early can help avoid major repairs down the line. Reporting maintenance issues can help secure the return of your full security deposit after you move out.

Landlord

Real Property Management DC Metro

SEPTEMBER 13, 2024

Maintenance and utility costs are also higher in larger homes. Originally Published on September 24, 2021 The post Thinking About Downsizing? .” Before deciding if downsizing your rental is right , let’s consider a few points. When downsizing makes financial sense In most areas, bigger rental homes are more expensive.

Property Management

Hospitable

DECEMBER 19, 2024

From Engineer to Empire Builder: Grace Gudenkauf’s Journey to 20+ Units By The Hospitable Team Industry Insights In this episode of the Hospitable Hosts podcast, we're excited to welcome Grace Gudenkauf , a real estate investor who quit her engineering job in 2021 to build a thriving rental business.

Engineering

MRI Software

DECEMBER 12, 2024

were behind on their rent payments in 2021? This is especially true when you rely on that income to cover mortgages, maintenance, and other expenses. Importance of tenant rent default insurance for landlords Landlords often depend on rent payments to cover their propertys mortgage, maintenance, and taxes.

Rental Income

Real Property Management DC Metro

MAY 9, 2024

Want to learn more about this or other Dupont Circle home maintenance topics? Originally Published on February 26, 2021 The post The Importance of Dusting Your Houseplants appeared first on Real Property Management DC Metro. While not complex, houseplant care should be regular to maintain their health and verdant appearance.

Property Management

Real Property Management California Coast

JULY 12, 2024

Our property managers in Manhattan Beach specialize in cutting maintenance costs without sacrificing tenant appeal. Originally Published on May 7, 2021 The post Why Removing Carpet is a Smart Move for Your Rental Home appeared first on Real Property Management California Coast.

Tenant

Real Property Management DC Metro

JULY 12, 2024

Our property managers in Capitol Hill are skilled in reducing maintenance costs while maintaining tenant appeal. Originally Published on May 7, 2021 The post Why Removing Carpet is a Smart Move for Your Rental Home appeared first on Real Property Management DC Metro.

Rental Property

Real Property Management California Coast

FEBRUARY 3, 2023

As a Hawthorne rental property owner, you’re perhaps trying to find resources to reduce property maintenance costs. Originally Published on July 2, 2021 The post Why You Should Re-Key Your Hawthorne Property After Every Move-Out appeared first on Real Property Management California Coast.

Property

Real Property Management DC Metro

FEBRUARY 3, 2023

As an Adams Morgan rental property owner, you’re conceivably trying to find ways and means to reduce property maintenance costs. Originally Published on July 2, 2021 The post Why You Should Re-Key Your Adams Morgan Property After Every Move-Out appeared first on Real Property Management DC Metro.

Property

Real Property Management California Coast

OCTOBER 20, 2023

To avoid disputes over security deposit deductions, it is essential to carefully review your lease agreement and comprehend the requirements for decor choices and property maintenance. Real Property Management may have the ideal home for you!

Lease Agreement

Real Property Management DC Metro

JULY 28, 2023

Or perhaps you are a proprietor who needs assistance managing and coordinating property maintenance. Originally Published on May 21, 2021 The post Hot Weather Hacks: 6 Tips for Staying Cool appeared first on Real Property Management DC Metro. Are you a tenant seeking a new residence with functional air conditioning?

Regulation

Real Property Management DC Metro

OCTOBER 20, 2023

To prevent conflicts over security deposit deductions, it is essential to carefully research your lease agreement and comprehend the specifications for decorating choices and property maintenance. Real Property Management could have the appropriate one for you!

Lease Agreement

Real Property Management California Coast

JULY 28, 2023

Or perhaps you are a proprietor who requires assistance with property management and maintenance coordination. Originally Published on May 21, 2021 The post Hot Weather Hacks: 6 Tips for Staying Cool appeared first on Real Property Management California Coast.

Property Management

Propertyware

NOVEMBER 11, 2021

Take into account not only the anomaly that was 2020 and 2021, but previous years, as well, to get a full picture of your growth as a company. Let’s say your goal in 2019 was to decrease maintenance’s time on site for each job, while still collecting the minimum one-hour fee, to increase profitability.

Property Management