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

Buildium

You already know how to handle tenants, maintenance, budgeting, and legal compliance. Skills such as tenant screening, handling maintenance, and navigating local regulations directly transfer to rental ownership. Relationships with lenders, brokers, contractors, and inspectors can make a big difference when you start investing.

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5 Best Maintenance Practices to Keep Tenants Happy

Rental Housing Journal

5 best maintenance practices to keep tenants satisfied and keep the property owner and management out of legal trouble. Below are five areas where good maintenance practices will keep tenants satisfied and the property owner out of legal trouble. Prioritize Maintenance Requests Determine whether the need is urgent or an emergency.

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

Buildium

And second: Brokering property sales is also less profitable, with rental owners buying and selling fewer properties in the current market. This has put pressure on two other services to generate more revenue to make up for the income theyve lost: rent collection and maintenance. 41% will expand the services they provide.

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What Is GCI (Gross Commission Income) In Real Estate?

Bay Property Management Group

Instead, they split it with their broker (the company they work for). These expenses can include broker splits, marketing costs, transaction fees, and other business-related costs. The split is based on a percentage theyve agreed upon beforehand. Lets say an agent sells a home for $450,000, and the agreed commission is 3%.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, property management fees, homeowners insurance and legal fees. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said.

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The hidden potential of rent roll analysis for property managers

Buildium

If you or one of your owners is looking to invest in new properties—or even sell a current property—a rent roll is used by investors, lenders, and mortgage brokers to assess the current and potential value of a multi-family property and to verify rent income. You can then investigate why that particular property is having issues.

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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. Review their software platforms, vendor agreements, and maintenance processes. Standardize workflows including rent collection, maintenance requests, and tenant communications. Where to Look Start your search close to home.