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The hidden potential of rent roll analysis for property managers

Buildium

A rent roll is a record of rent revenue for all of your properties with valid leases. For example, they can look for issues such as high turnover and vacancy rates and use the information to improve leasing processes. The rent roll analysis above is a simple spreadsheet for a one-year lease. Here is an example.

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Bye-Bye Broker Fee

American Apartment Owners Association

The New York City Council approved new legislation on Wednesday that will eliminate hefty upfront broker fees for most renters. In New York City, unlike nearly every other place in the country, tenants are often forced to fork over a fee, on top of their rent, to a broker hired by the landlord before signing their new lease.

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6 steps to jump from property manager to property owner: Build your rental portfolio with confidence

Buildium

Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing. With the right software, you can automate rent collection, handle maintenance requests, stay on top of lease renewals, and keep detailed financial records. Your professional network is another huge advantage.

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Property managers’ revenue may be growing more than they think [The Lookout]

Buildium

First: Leasing has become less profitable, with renters moving less often than they have in previous years. And second: Brokering property sales is also less profitable, with rental owners buying and selling fewer properties in the current market. 41% will expand the services they provide.

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Critical Issues in Triple Net Leases Investors Should Know

Esquire Property Management Group

Triple net NNN leases seem to be all the rage for real estate investors. Real estate investors exhibit significant interest in triple net leases for several reasons. The reality is clear: triple net leases are seldom as unequivocal as they first seem. What is a Triple Net Lease and Why are they Desirable?

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How property managers can expand their business by acquiring other property management companies

Buildium

Work with brokers who specialize in property management mergers and acquisitions. Legal and Compliance Review Bring in a legal expert familiar with property management to review contracts, lease agreements, vendor obligations, and any pending disputes. Work with brokers and leverage your professional network to find opportunities.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Be aware of the down payment requirements and interest rates of conventional, commercial, FHA and VA loans, as they may vary depending on the size of the property.

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