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Property management software (PMS) has become a must- have for landlords who want to streamline operations, manage their tenants, and maintain organized finances. For 2025, the top software choice for landlords who need a simple, effective, and inexpensive solution is Innago.
According to Buildiums 2025 Property Management Industry Report , 82% of the management companies we surveyed experienced portfolio growth within the last two years. Most Renters Prefer a Digital-First Process The 2025 Industry Report found that 88% of renters want to complete at least some of the leasing process online.
The majority of property management companies in our 2025 Property Management Industry Report said they plan to expand their portfolios over the next two years, and 91% of them anticipate revenue growth over the same period. After all, market rents tend to rise over time. But you’d be wrong. Not sure where to start?
Leading Your Property Management Team in 2025: A Growth-Focused Approach In property management, success depends on leadership. But leadership in 2025 isnt just about delegating tasksits about leveraging technology, setting clear expectations, and fostering a high-performance culture.
In 2025, California is making laws to further strengthen renters rights and improve housing fairness across the state. Understanding these updates is important whether you are renting a home or managing a property. Key 2025 Rental Laws in California 1. The new laws aim to build a more balanced and accessible rental market.
Apartment management demands a careful balance of tenant satisfaction, building upkeep, financial control, and regulatory compliance. Luckily, the same principles apply: keep units occupied, tenants engaged, operations running efficiently, and finances under control. Start marketing units before tenants move out to reduce vacancy time.
Tenant rights exist because renting a home is more than just a transaction; it’s your actual living space. They could raise rent without warning, evict people without cause, or ignore serious safety problems, and tenants had little legal backup. That is why we now have the Tenant Bill of Rights in Maryland.
Rentec Direct’s quarterly product development update outlines the property management software’s new features for 2025, including new tools for online rent payments, property management accounting, and property management website hosting.
Illinois Rental Market Trends in 2025 Illinois is the sixth-most populous state in the U.S., We’ll share rental market statistics for each city, including inventory growth, rent growth, vacancy rates, cap rates, and property price appreciation. mostly thanks to Chicago, the third-largest metro area in the country.
Keeping up means learning about the latest proptech trends shaping how we manage, lease, maintain properties, and engage tenants. For property managers who want to improve efficiency and tenant satisfaction, understanding whats trending in proptech makes a big difference.
New York Rental Market Trends in 2025 When talking about New York rental markets, the Big Apple may be the first place that comes to mindbut in this post, well focus on five lesser-known, more affordable markets across New York State that rental investors should keep an eye on in 2025. Multifamily Cap Rate (Q3-24): 8.5%
Jake Belding Jake Belding | 10 min. read Download Buildium’s 2020 State of the Property Management Industry Report Download Today --> Get the latest industry insights. --> MktoForms2.whenReady(function whenReady(function (form){ form.onSuccess(function(values, followUpUrl){ form.getFormElem().hide(); hide(); document.getElementById(confirmform).style.display
Running a property management business in 2025 isn’t what it used to be. Tenants expect quick answers. Leasing and Tenant Onboarding Leasing often involves dozens of small steps, most of which follow a predictable pattern. Send updates to tenants automatically when the status of their request changes.
As 2025 begins, many people are taking the opportunity to start the new year on the right foot. In this article, well explain why accounting software for property management is a must-have as well as our pick for the top software for 2025 so that portfolios both big and small can stay organized, up-to-date, and accurate.
WALA) – Baldwin County deputies have arrested a couple they said defrauded homeowners out of tens of thousands of dollars in rent by refusing to pay. Since 2021, deputies said the couple was able to live for free by not paying rent and dragging out the eviction process, falsifying documents and lying to property owners.
If commercial real estate rents dip, your residential properties can buoy you up (and vice versa). Pro tip: Stay on top of the latest industry trends by getting your free copy of our 2025 Property Management Industry Report. Assessing Local Regulations and Policies Rental regulations and policies can significantly impact profitability.
In 2025, several new rental laws and evolving resident expectations will modify how property owners and managers run their operations. This blog will explore what will change in 2025, why it matters, and how to position your property management rentals for long-term success. Resident Trends Boost Property Management Strategies 1.
By Michael Coleman and Faris Babineaux Associates, Haynes Boone As of May 7, 2025, Washington state has a new rent control law under House Bill 1217. Washington is now the third state in the country with a statewide rent cap, joining California and Oregon. It only applies to increases on or after that date.
The national on-time rent payments rate continues to show signs of strain for independent landlords, according to the June 2025 Chandan Economics & RentRedi report. of units paid their full rent on time — a decline of 85 basis points (bps) from May. According to this month’s first estimate, 84.3% Read the full report here.
Thinking about buying a property in 2025? Mortgage rates have been shifting, and everyone’s been wondering if mortgage rates 2025 are on the upswing or trending downwards. Main Takeaways Mortgage rates have been steadily declining in early 2025, with 30-year rates reaching 6.52%, the lowest since mid-October 2024.
Washington Attorney General Nick Brown has entered into eight resolutions with landlords across the state in the first enforcement action under Washington’s new rent control law, according to a release. Because HB 1217 prohibits any increase higher than the rent cap that takes place on or after May 7, these increases run counter to the law.
In high-regulation markets—especially Los Angeles, Orange County, and Long Beach—it’s critical to follow state and local rules under the Tenant Protection Act (AB 1482) and local ordinances. Frequent violations we observe: Rent increase notices with missing or wrong details Misinterpreting which units are exempt (e.g., At BFPM Inc.,
Tenants submit work orders through a mobile-friendly portal, and the system automatically routes the issue to in-house techs or trusted vendors based on rules you set. The platform automates everything from online rent payments and late fee enforcement to lease renewals and tenant onboarding.
For property managers, understanding proptech and the various tools and platforms that fall under its umbrella helps you stay ahead of the curve, save time, and improve tenant experiences. They keep track of lease start and end dates, rent increases, and renewal notifications automatically.
The franchise will have already set up best practices for business operations, marketing, branding, tenant and owner experience, and so on. You will receive training in rent and fee collection, marketing techniques , accounting practices , compliance and other legal issues, and all other aspects of property management.
But what does a leasing agent do, how much do they charge, and is hiring one worth it in 2025? A leasing agent is the person who helps landlords rent out their properties, such as houses, apartments, or even commercial spaces like offices or retail stores. Screening Potential Tenants Leasing agents check applications thoroughly.
If you run a property management business in 2025, you already know that manual processes simply can’t keep up with the level of responsiveness, accuracy, and oversight that job demands. Communication automation tools reduce the need for manual touchpoints while still keeping tenants, owners, and vendors informed.
Updated April 25, 2025. As a property owner , tenant eviction is inevitable. Some common reasons that can lead to this include nonpayment of rent and negligent property damage. If you find yourself with a problematic Virginia tenant and need to evict them, you must follow a certain legal process. Published May 2021.
With rising inventory, steady home price appreciation, and strong rental demand , 2025 is shaping up to be a year of strategic investing in Columbus real estate. In this exclusive investor update , we break down: Rental & pricing trends Where are home values and rents headed? Market outlook What to expect in 2025 and beyond.
Fortunately, one of the easiest ways to help residents build credit is to have their rent payments reported to major credit bureaus. The ability to improve credit simply by paying rent gives them a reason to stay longer at your property. Others are having a hard time building good credit in the first place.
And more importantly, could it make a real difference for tenants across the city? Philadelphias Response to Housing Challenges With about half of Phillys residents being renters, Councilmember Rue Landaus proposed bills target the steep upfront costs preventing tenants from securing affordable housing. But what exactly is this plan?
As a landlord, managing properties isn’t just about collecting rent and maintaining the structure; it’s also about fostering a sense of community. Positive Tenant and Community Relations Every action you take tells the tenant how much you value them. Leave behind your contact information.
Why Single-Family Rentals Are 2025s MVP for Redding Investors Looking for consistency in a market full of question marks? According to the latest forecast from John Burns Research & Consulting , single-family rents are expected to climb another 3.0% Theyre not vanishingtheyre renting. Lets talk about single-family rentals.
Tenant demand is high, vacancy rates are low, and competitively priced properties continue to lease quickly. Market Highlights: Average Rents: Redding’s average rent sits around $1,469/month, showing moderate growth year-over-year. 20% Pass-Through Deduction: Expires at the end of 2025, potentially raising tax liability.
Oregon lawmakers are considering rent control expansion, called rent stabilization, to include some newer buildings, according to reports. The current law applies only to residential rental units 15 years and older and limits rent increases to 10% a year. Also, lawmakers are considering banning the use of AI to set rents.
New survey results from RentRedi , including joint data from BiggerPockets, show a measurable shift in landlord priorities for 2025. landlords between June 3-26, 2025, and responses were analyzed by region and landlord size. Diversification appears to be a low priority in 2025. The survey of 1,600+ U.S.
In 2025, more investors are leaning toward turnkey properties because they offer something rare in real estate: simplicity. What Is a Turnkey Property A turnkey property is fully renovated and ready to rent out or sell. You can get rent from multiple tenants. And this all can happen without as much work on your end.
Federal lawmakers have introduced a bill to allow landlords to give tenants in federal subsidized housing 3-day eviction notice, according to reports. Landlords had been required to give 30 days notice to tenants in federally subsidized housing before evicting them for non-payment of rent, after COVID-19 protections had ended.
This post covers: The top free classes available in 2025 What they teach (and what they skip) How to upskill your team with these tools Why coaching, systems, and strategy are essential for long-term growth Who Should Take Free Property Management Classes? What Free Classes Don’t Teach You They’re helpful, yes—but not enough.
Multifamily rents maintained a tepid growth rate in June, with strong demand counterbalanced by high deliveries in the Sun Belt and ongoing uncertainty about the economy, according to Yardi Matrix in its June report. Multifamily performance remained solid through mid-year 2025, with rents rising by $20, or 1.2%, over the first two quarters.
Here are the numbers: Median Home Price (City Limits): As of February 2025 , the median home price in Philadelphia is approximately $218,590. In fact, projections place Philly as the fifth-most competitive metropolitan area for homebuyers in 2025. growth in 2025. And housing is no exception. Whats fueling this competition?
When a tenant moves out, expenses pile up fast. Cleaning, repairs, lost rent, and marketing costs can drain profits, especially if you’re unprepared. 2x Monthly Rent Annually Here’s a simple rule that can save you from major headaches: Set aside 1.5 to 2 times your monthly rent each year to cover future turnover costs.
Average rents across our region range between $1,450 and $1,550/month , showing a modest but healthy increase over the past year. Shasta County Sales Market Snapshot Josh Barker’s July 2025 Market Update highlights encouraging news for sellers: market activity picked up in June, with more homes sold and fewer days on market.
So, you’re thinking about renting out your house in Central Indiana. Before you toss a “For Rent” sign in the yard or list it on Zillow, there are a few critical things to know — especially if you’re renting in Indianapolis, where the rental market, legal requirements, and property types vary drastically by neighborhood.
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