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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. They’ll use it to determine both the current and potential value of the properties.

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Finding the Perfect Multifamily Property

American Apartment Owners Association

These factors can affect a propertys value and its appeal to tenants. That means that if one tenant moves out, you will still receive income from the other tenants. Make sure you understand the historical actuals on the expense structure, not just what the broker estimates they could be, Lea said. Get started by viewing

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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. If they do not do so, their tenants will not be happy and the property owner can end up in court. However, they are important to the tenant and must be addressed in a timely manner.

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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. Our team specializes in strategic marketing, seamless property upkeep, and smooth tenant management. Do Agents Get Paid If They Dont Sell?

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What Does a Leasing Agent Do? Basics You Need to Know

Bay Property Management Group

Then, once they find a qualified tenant and hand over the keys, their work is basically done. Handling Tenant Inquiries Leasing agents are the first point of contact for renters showing interest. When potential tenant wants to confirm the rent price or an email asking to schedule a tour, they contact them.

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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. Learn how tenant communications and customer service are handled. Standardize workflows including rent collection, maintenance requests, and tenant communications. Work with brokers and leverage your professional network to find opportunities.