Remove 2022 Remove Property Maintenance Remove Tenant
article thumbnail

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

Fourandhalf

Technically, property managers have multiple customers, but theres also a hierarchy. Would you rather lose 50 percent of your owners or 50 percent of your tenants? Property managers do not have a business if they dont have an investor customer. One of the reasons that tenants leave is that they hate the maintenance.

article thumbnail

Tenant Retention 101: Essential Tips for Property Managers

BetterWho

Retaining good tenants goes beyond convenience—it impacts your bottom line. High turnover can drain your finances and disrupt your property management workflow. You’re not only looking at lost rent for every month your property is empty. The cost of finding a new tenant, additional maintenance, marketing the property, etc.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 must-know industry trends for small property managers

Buildium

As a small property manager, hiring a part-time virtual assistant or remote worker can be a great way to expand your staff at a relatively low cost. In 2024, tenant quality emerged as the #1 concern for property management companies. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%.

article thumbnail

Self-Managing vs. Property Management: Which is Right for Your DC Rental Property?

Nest DC

Rental properties are a great way to earn cash flow, but are not without challenges. From maintenance and repairs to finding tenants and managing leases, a lot goes into owning and managing a rental property. If you have the time and the motivation, managing your own rental property may be something you want to take on.

article thumbnail

Residential Housing Market Update for Washington, DC 2023

Nest DC

High interest rates also mean that people who want to sell are reconsidering due to the “golden handcuffs” of the low interest rates they secured prior to 2022. still remains a challenging environment for many prospective tenants in 2023, as high demand and limited affordable options persist.

article thumbnail

Black History Month 2022: Championing Housing Justice

Nest DC

CASH was a driving force in holding landlords accountable for improving their property maintenance and creating new housing projects all while including the issue of homeownership in the conversation. This experience inspired her to form a community, women-led group: Citizens Against Slum Housing (CASH).

Finance 52