This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The propertymanagement world changes quickly as technology moves forward. Keeping up means learning about the latest proptech trends shaping how we manage, lease, maintain properties, and engage tenants. It focuses on fresh ideas and innovations that will reshape propertymanagement.
With new propertymanagement software platforms and features popping up all the time, automated propertymanagement systems have moved from the realm of ideas and marketing promises into real, concrete businesses strategies. What Is an Automated PropertyManagement System?
Heading into 2025, portfolio growth was at the top of propertymanagement companies list of priorities for the seventh year straight. In Buildiums most recent survey , 91% of third-party propertymanagement companies told us that they expect to grow their portfolios in the two years to come.
Generating enough revenue to compensate for rising costs remains a top challenge for propertymanagement companies in 2025. Factors Impacting PropertyManagement Companies Profitability So, whats going on here? And its difficult for maintenance services to turn a profit when labor and supply costs have risen so far.
Understanding Rental Income The first step in getting a handle on tax accounting for rental property is understanding exactly what counts as rental income and expenses. Heres a quick breakdown of those definitions. Operating Expenses Operating expenses are the costs of maintaining and managing your rental property.
Operating costs can consist of property taxes, real estate agent fees, utilities, maintenance, propertymanagement fees, homeowners insurance and legal fees. Propertymanagement Consider the management demands of the property and whether you have the time and energy to deal with them yourself.
Here are 3 steps to help deal with tenants and frozen pipes and hopefully avoid the problem in your rentals and the maintenance calls that can result this winter from Keepe. 1 The preventative methods for tenants and frozen pipes There are several things that propertymanagers should do to prevent pipes from freezing in their rentals.
Since one of the core responsibilities of a propertymanager is to manage an owner’s assets, income, and expenses, youre constantly dealing with accounting whether you like it or not. Theres a lot of liability to bad accounting, especially for a propertymanagement company, says Brandon Hall, The Real Estate CPA.
Cons of Buying a Duplex: Managing a duplex comes with added responsibilities, such as handling tenant disputes, increased maintenance costs, and financing complexities that may differ from single-family homes. Higher Maintenance Costs Since you’re managing two units, you have double repairs and upkeep.
Successful investing requires careful consideration of location, cash flow potential, property condition, local regulations, and effective propertymanagement strategies. As part of propertymanagement in Baltimore, we define a fourplex as one big building split into four separate homes.
Landlords usually repair window screens at move-in, during seasonal maintenance, or upon a tenant’s request. From our experience as part of propertymanagement companies in Washington, D.C. However, they often include broader clauses about maintenance and habitability. Read on — it’s more straightforward than you think.
Search Smarter: Use reliable sites and propertymanagers to avoid outdated listings. And trust us any reliable propertymanagement company in Northern Virginia will tell you the same thing. Heres how to check yours (and yes, its definitely doable even for free): Use free credit report sites.
In this article, we’ll look at some common leasehold improvements, compare them with regular maintenance, discuss who typically pays for them, share a few tips, and more. Common Examples of Leasehold Improvements As a propertymanagement company in Washington, D.C. These changes are called leasehold improvements.
Luckily, our propertymanagers in Philadelphia can help make sure everyone understands this fundamental component of the rental experience. Moreover, when you don’t pay on time, you put their landlord at risk of being unable to afford maintenance, pay bills, and handle other key expenses. You will definitely regret it.
As a propertymanagement company in Philadelphia , we often refer to these as land leases because only the land is being leased, not any buildings on it. Also, they’re usually responsible for paying all its taxes and handling all its maintenance. How Does a Ground Lease Work?
How to Verify If Utilities Are Included in Rent on Your Lease To verify if utilities are included in your rent, there’s one definitive place you should look: your lease. As propertymanagers in Philadelphia , we know it’s critical for making sure you’re fully informed about which utilities are included in your rental.
In this article, we’ll define it, break down its key features, see how it compares to month-to-month agreements, look at what happens when the term ends, and talk about the role propertymanagers play in the process. Always check your state and town’s laws for definitive information. Let’s get into it.
Main Takeaways Apartments provide steady rental income and lower maintenance responsibilities , thanks to shared building management, multiple tenants, and tax benefits. However, ongoing costs and tenant management can be challenging. This deduction covers the routine expenses necessary for keeping the property in shape.
Because of their size, tiny homes are simple to maintain andare less expensive than larger ones in terms of taxes and building, heating, maintenance and repair costs.Renters, property owners and managers have fewer maintenance and repairs to deal with since there is less area to look after.In
For hosts, investors, and propertymanagers, staying compliant with local short-term rental laws is no longer optional — it’s essential. Understand local definitions of STR In the US : Definitions can vary quite a bit between cities and states. 10 STR strategies for US and UK market 1.
The Rentals United Worlds Top 50 PropertyManagers is our annual ranking of the largest most industry-redefining vacation rental companies worldwide. The top 50 is the definitive ranking of the largest short-term rental propertymanagers in the world by number of properties, compiled and published annually by Rentals United.
In particular, landlords and propertymanagement in Northern Virginia tend to include the following utilities, specifically: Water Most rentals that include utilities include water in the rent. Disadvantages of Utilities-Included Rentals Having utilities bundled with rent is definitely convenient.
As our rental propertymanagement in Northern Virginia can tell you, phrogging is a real problem. Phrogging (pronounced as frogging ) happens when someone trespasses onto your property and hides out on it. In that case, it’s definitely important to check out the attics, basements, and even empty units. Absolutely.
Whether youre buying your first home or working with propertymanagers in Washington DC on a current one, you can get the best deal possible if you know exactly what goes into mortgage rates. Your Personal Financial Profile: While the economy definitely affects mortgage rates, your finances matter, too.
And if youve had tenant complaints or noticed ants becoming a recurring problem, it might help to see how propertymanagement companies in Washington, D.C. It doesnt kill them, but it definitely can drive them away. So, here’s how you (or your maintenance team) can do it right: 1.
But before you go looking for commercial real estate in the San Gabriel Valley, you must first have a solid understanding of how leasing works for commercial properties. This guide will introduce you to key terms and definitions, elements of a commercial lease, and common mistakes to avoid. At InveServe Corp.,
Tug-of-War Between State and Local Regulations What Does This Mean for Airbnb Hosts and PropertyManagers? What Does This Mean for Airbnb Hosts and PropertyManagers? We encourage propertymanagers operating in Florida to explore their membership and stay ahead of local and state developments.
RL PropertyManagement offers a free Market Rent Analysis that shows you what your home could earn in today’s rental market. At RL PropertyManagement, we track key performance indicators across the properties we manage. That’s where professional propertymanagement changes everything.
At Real PropertyManagement Choice, weve been hyper-focused on avoiding vacancy because we know how unnecessary it is. Schedule and complete the repairs and the maintenance first, and think about the sorts of updates and upgrades that might attract tenants. These things will get your property off the rental market quickly.
At the same time, community association boards have an important responsibility tocollect assessments, which fund essential services such as trash pickup, stormwater management, street and sidewalk maintenance and lighting, and recreational facilities.
Definition & Features: A loft is an open apartment with high ceilings, large windows, and minimal walls, often in repurposed industrial buildings. If youve ever asked yourself what a loft is , our propertymanagement in Baltimore can tell you the answer lies in its standout features. Thinking about loft living?
Thats why its always a good idea to work with professionals, like propertymanagement companies in Northern Virginia before you sign anything. Take Care of the Property A lessee is expected to keep the rented property in good condition. This means regular cleaning and maintenance. Now, leases can be sensitive.
Clarification of Community Revitalization Plan Definitions – Allowing states to define these plans ensures flexibility and responsiveness to local needs, facilitating more tailored and effective development strategies. Invest in staff training to ensure your team stays up to date with evolving federal and state program requirements.
However, managing a short-term rental successfully requires dedication, strategy, and expertise. From attracting guests to maintaining the property, there are many factors that can determine whether your rental is a thriving business or a stressful endeavor. Regulatory Compliance Ensuring your property meets all legal requirements.
Welcome back to The PropertyManagement Show! He has worn nearly every hat in the propertymanagement industry. Hes also the CEO of Revolution Rental Management and co-founder of PM Assist. He started and later sold a maintenance company. He started and later sold a maintenance company.
Landlord responsibilities – If dust issues stem from poor HVAC maintenance or insulation problems, tenants can request repairs or upgrades to ensure better air quality. As a propertymanagement company in Baltimore , this is one of those questions we’ve heard more times than we can count. What Is Apartment Dust Made Of?
If upkeep isn’t regular, odors from one unit can easily move into another—a challenge that experienced Northern Virginia propertymanagement companies know how to handle well. If smells coming through vents are strong or ongoing, and tied to mold, pests, or poor ventilation, it’s not just a nuisance—it’s a maintenance issue.
Many propertymanagers distinguish that they need to work straightaway when a resident calls with an emergency maintenance request. But which maintenance requests are emergencies, necessitating immediate attention, and which can wait a little longer? What defines an emergency repair?
What PropertyMaintenance Really Means When people search for “what is propertymaintenance,” theyre usually looking for a basic definition: fixing things when they break, scheduling inspections, or coordinating vendors. Are You Paying the Price of Disorganized Maintenance?
Are you a rental property owner stuck in the classic debate: landlord vs propertymanager ? In this guide, well break it all down, from the perks of being an independent landlord to the convenience of hiring a propertymanager, so you can confidently choose the right path for your rental business. Lets dive in!
To provide a sense of security for your tenants, you have the crucial task of carefully preparing your property to make it liveable. This may include getting insurance for your property as well as doing routine maintenance and repairs. This allows you to see a detailed view of your property’s current condition.
As a propertymanagement company owner, the recent NAR lawsuit might have you questioning your next moves. This isn’t just another headline; it’s a game changer for how we manageproperties and comply with new regulations. That means vacancies will be harder to fill.
Effective financial planning is the pillar of any successful propertymanagement business. It enables propertymanagers to earnestly observe their incomes, expenses, and profitability and discover opportunities for future growth and stability.
Data analytics has become a powerful tool for rental propertymanagers and owners committed to make informed decisions in today’s evolving rental market. All of these are indispensable in improving the value and profitability of rental properties.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content