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Best practices for expanding your property management portfolio into new markets

Buildium

This helps turn your larger expansion goals into smaller, more manageable steps. Pro tip: If you need help marketing your property management services as you expand, consider working with Buildium Marketplace partner Goodjuju and Upkeep Media for everything from website design to comprehensive digital marketing support.

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Property Manager’s Guide to Planning Major Renovations

Real Property Management DC Metro

If the property is unoccupied, focus your planning on costs and hire experienced contractors who can work within your desired timeframe. For a planned renovation impacting vital areas of the property, use a phased approach to minimize your residents’ inconvenience. Renovating your property doesn’t need to be stressful.

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Property Manager’s Guide to Planning Major Renovations

Real Property Management California Coast

If the property is unoccupied, focus your planning on costs and hire experienced contractors who can comply with your desired timeframe. For a planned renovation affecting essential areas of the property, implement a phased approach to minimize your residents’ inconvenience. Renovating your property doesn’t have to be daunting.

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The Top 10 Mistakes Colorado Springs Property Owners Make (And How to Avoid Them)

Muldoon Associates

Ignoring Maintenance Issues There are so many mistakes that can be made with maintenance, from ignoring preventative services to hiring the wrong vendors and contractors. The worst mistake you can make as a rental property owner, however, is delaying or ignoring maintenance needs. Consulting Experts.

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What Are All the Legal Tax Deductions in Commercial Real Estate (CRE)?

Esquire Property Management Group

Fees paid to accountants, property managers, legal advisors, and contractors involved in property upkeep and management are deductible. For example, if you spend $12,000 annually on property management services, this amount can be deducted as a necessary business expense.

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What Is Property Management Accounting?

California Pacific Realty

Did you know that 80% of property owners who use professional property management services report higher tenant satisfaction and lower vacancy rates? These successful operations are an important component of property management accounting. Handling Contractor and Mortgage Payments.

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Is It Easy to Start a Property Management Company?

Real Property Management DC Metro

Feasibility Assessment : Assess the viability of launching a property management company in your area after conducting exhaustive research. Think about variables including market saturation, demand for property management services, and your capacity to stand out in a competitive market.