MRI Software

MARCH 5, 2025

Being insured sets landlords apart in competitive rental markets and can lead to fewer disputes. Rental units with frequent tenant turnover may pose higher risks of accidental damage or legal disputes. Consider additional coverages such as loss of rental income, sewer backup protection, and vandalism protection.

Insurance

Bay Property Management Group

MARCH 6, 2025

Vacancy loss is themoney a landlord loses when rental units remain unoccupied. While its often seen in a negative light, experienced property managers in Baltimore view it as more than just lost incomeit also represents potential earnings you could gain once the units are occupied.

IT

Thanks For Visiting

APRIL 29, 2025

However, your mortgage isn’t going anywhere, which is where rental coverage can help. You must continue to pay that mortgage, even when there isn’t rental income coming in. So, make sure your rental insurance policy helps with the lost revenue during repairs. Look for the loss of income coverage.

Insurance

Real Property Management Chicago

JANUARY 20, 2023

To answer this question, here are a few recent statistics about rental property management that provide valuable insight into the practices of rental property owners nationwide. Million Rental Units Of the approximately 50 million rental housing units in the United States, around 41% – or 20.5

Property Manager

Beach Front Property Management

OCTOBER 2, 2024

A multifamily unit refers to any property with more than one residential unit. This can be a duplex or an apartment complex where a large number of families can live together. Multifamily investing is a real estate strategy focused on properties that accommodate multiple residents, such as apartment complexes or condominiums.

Real Estate

Rental Choice

APRIL 4, 2024

An inappropriately priced rental unit can discourage tenants from renting or lead to potential losses. It’s important to strike a balance to make the most out of the rental property. There is no set rule or standard when it comes to determining a rental price. Factors to Consider: How Much Should I Charge for Rent?

Apartment

MRI Software

MARCH 20, 2025

Investing in multifamily apartments is one of the most promising real estate strategies for landlords and property managers. For those seeking to diversify their investments, these properties offer a scalable and resilient way to generate consistent income. What is multifamily apartment investing?

Apartment

Property Management Inc.

NOVEMBER 26, 2024

Discovering that you're renting an illegal apartment can be a stressful and unsettling experience. How much is the fine for renting an illegal apartment, and what does it mean for you? Let's get started with this guide to illegal apartment tenant rights and more. What Is an Illegal Apartment?

Apartment

MRI Software

SEPTEMBER 5, 2024

High occupancy rates are essential for steady rental income and increasing your property values. Multifamily occupancy rates refer to the percentage of rented units in an apartment complex, compared to the total available units. What are multifamily occupancy rates?

Apartment

MaidThis

OCTOBER 14, 2024

The Importance of Turning Your Airbnb Rental into a Moneymaker It’s safe to assume that the primary reason you invested money in a rental unit had everything to do with making money. In a competitive vacation rental market, listing your home through Airbnb gives you certain advantages.

Airbnb

American Apartment Owners Association

NOVEMBER 2, 2022

The 1 percent rule is another common one among rental property investors. The way it works is a propertys rental income should be at least 1 percent of its purchase price. For example, if you purchased a rental for $100,000, the total rent should be $1,000 minimum. Rent is a primary income source.

Rental Property

American Apartment Owners Association

NOVEMBER 2, 2022

The 1 percent rule is another common one among rental property investors. The way it works is a propertys rental income should be at least 1 percent of its purchase price. For example, if you purchased a rental for $100,000, the total rent should be $1,000 minimum. Rent is a primary income source.

Rental Property

American Apartment Owners Association

NOVEMBER 2, 2022

Landlords should always be aware when their rental unit needs maintenance or repairs and when its time to make improvements and replace items. Landlords should inspect their rental properties at least once a year. This can get tricky, however, as it doesnt account for unexpected damage and repair.

Property Maintenance

American Apartment Owners Association

NOVEMBER 2, 2022

Landlords should always be aware when their rental unit needs maintenance or repairs and when its time to make improvements and replace items. Landlords should inspect their rental properties at least once a year. This can get tricky, however, as it doesnt account for unexpected damage and repair.

Property Maintenance

Authority Property Management

DECEMBER 3, 2015

How to Prepare Your Property for Rent in Redding CA If you have rental property in Redding, CA a burgeoning city and the seat of Mt Shasta in Shasta County you stand a great chance of making a good rental income. However, you will need to know how to prepare your rental property for rent in Redding CA.

Rent

MRI Software

DECEMBER 13, 2024

These units can be built as detached structures or converted from spaces like basements or garages. If youre managing a multifamily property, youve likely wondered how to make better use of unused areas or increase rental income. These spaces can easily be converted into new living units with the right planning and permits.

Single-Family Home

Authority Property Management

JUNE 16, 2024

Here's why relying on a local real estate broker is essential for accurate rental valuations. Furnished vs. Unfurnished Matters One significant flaw in Zillow's Rent Zestimates® is the failure to differentiate between furnished and unfurnished rental units. This substantial price difference skews the overall rental estimates.

Real Estate Broker

InveServe

JUNE 13, 2024

These are typically multifamily buildings underperforming in rental income and occupancy rates. Multifamily properties , such as apartment buildings or multi-unit complexes, offer several advantages for value-add investing. Financing Risks : Securing financing for value-add projects can be challenging.

Rental Income

Host Tools

NOVEMBER 21, 2024

With countless rental properties vying for attention, how can yours get noticed? The answer lies in smart, budget-friendly rental property renovations that improve the aesthetic appeal and boost guest satisfaction and, ultimately, your rental income. These small details can also set your rental apart from others.

Airbnb

MRI Software

FEBRUARY 2, 2025

While the HOA handles big-picture property care, individual owners still need to keep their units in good condition. A multifamily residence is a property with two or more living units, ranging from small duplexes to larger apartment complexes. What defines a multifamily residence?

Finance

Authority Property Management

JULY 20, 2021

If your rental rate is too high, it will be difficult to attract potential tenants and if it is too low, you won’t be able to maximize rental income to its full extent. It is important to strike a good balance between occupancy rates and profits, and always try to charge a fair rental rate for your property.

Single-Family Home

MRI Software

AUGUST 3, 2024

Occupancy Rate Indicates the percentage of rental units occupied by tenants. A 100% occupancy rate means all units are leased, while 0% means none are. Tracking this KPI helps evaluate leasing strategies and tenant demand trends, informing pricing and marketing decisions and aiding in maximizing rental occupancy rates.

Property Manager

Authority Property Management

AUGUST 11, 2021

The answer is simple, rental property maintenance keeps your rental unit in good shape and makes it appealing to existing and prospective tenants. Keep in mind that tenants are your main source of rental income, but you can’t attract the best quality tenants if your rental property is in poor shape.

Property Maintenance

MRI Software

APRIL 1, 2025

A multifamily condo conversion involves transforming a rental property with multiple units, like an apartment building, into individually owned condominiums. If you are looking to convert multifamily to condo, this transformation allows each unit to be sold independently while shared spaces are collectively managed.

IT