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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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Maximize your rental business with small landlord property management software

Buildium

Residential rental property landlords have a lot to gain from these advanced tools, from easier tenant management to more accurate, less time-consuming accounting. Manual tracking of rent payments, maintenance requests, and tenant communications can be time-consuming and prone to errors. This helps you spot and fix issues quickly.

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Building a Competitive Property Management Maintenance Team: It’s More Just Hiring

Buildium

Faster Response Times: In-house teams can respond to issues more quickly, minimizing disruption to tenants and reducing the risk of more serious damage to properties. They can catch issues much earlier, even before a tenant reports them. This role can be part-time or full-time and may still be a 1099 contractor.

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Rental property maintenance software for landlords

Buildium

Communication Tools: Effective, speedy communication between landlords, tenants, and maintenance staff is important if you want to avoid lengthy repairs and frustrated renters. Tenants can report issues directly through the software, and landlords can provide updates on the status of repairs.

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Property maintenance management workflows 201: Shifting from reactive to proactive maintenance

Buildium

In other words, replace some (but not all) of your contractors with an in-house team trained to perform to your standards. Whats your average tenant satisfaction rating? LeadSimple lets property managers build automated processes for managing leads and tenants. For example, how many callbacks are you getting on work orders?

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6 must-know industry trends for small property managers

Buildium

TAKE THE QUIZ Next Schedule a Demo Fact #2: Virtual Assistants and Remote Workers on the Rise As labor costs continue to rise, many property managers are turning to overseas virtual assistants and remote workers to expand their business. In 2024, tenant quality emerged as the #1 concern for property management companies.

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6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too. A single account through which all money passes simply wont cut it.