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Residential Property Maintenance Metrics and Improving NOI (with Ray Hespen)

Fourandhalf

No one wants to turn a property when maintenance costs are higher and rents are holding or even compressing. Annual Cost of Repairs per Owner: The Magic Number On his previous appearance, Ray said that the magic number is 12 percent of rents collected. In 2022, a property manager could rent a home sight unseen.

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How to Form a Resident Welfare Association (RWA) in India: A State-Wise Step-by-Step Guide

ADDA

Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). Indian State-Wise Guidelines for RWA Formation The state of Karnataka The Karnataka Apartment Ownership Act of 1972 (KAOA) is the applicable law.

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5 Ways Property Managers Can Maintain Margins

Rental Housing Journal

Set Your Asking Price Right the First Time First, the good news: Average rents continue to climb. As of April, median rents nationwide were as high as they’ve ever been (right around $1,650). If you’ve had to reduce rents to lease units lately, it may be time to review your strategy. Pricing is as much an art as a science.

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How to Form a Resident Welfare Association (RWA) in India: A State-Wise Step-by-Step Guide

ADDA

Send the application to the Registrar of the relevant jurisdiction (Societies/Co-operative/Apartment Act Registrar). Indian State-Wise Guidelines for RWA Formation The state of Karnataka The Karnataka Apartment Ownership Act of 1972 (KAOA) is the applicable law.

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Airbnb Security Deposits: a Guide for Hosts

Hospitable

Airbnb Security Deposits: a Guide for Hosts By The Hospitable Team OTAs Renting out your property on Airbnb and other OTA platforms is a convenient way to make extra money, but it doesn’t come without risks. This functionality is applicable to general short-term rental agreements and additional services, including equipment rentals.

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6 must-know industry trends for small property managers

Buildium

Fact #3: Tenant Quality Is Property Managers’ Top Concern Finding financially stable tenants is getting harder as rent growth outpaces wages, causing property management companies to prioritize tenant screening. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%. This comes as U.S.

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Affordable Rentals Vanish: Sub-$1K Apartments Now Just 7.5% of Market

American Apartment Owners Association

An accelerating surge in apartment rents is tightening the squeeze on the most affordable segments of the U.S. in 2022 and to 32.1% Redfin attributed the decline in listings to a boom in asking rents after the pandemic, which led to rents stabilizing near their record highs soon after. in 2022 and to 32.1%