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Despite shifting market conditions, the property management industry continues to grow at a stellar rate. According to Buildiums 2025 Property Management Industry Report , 82% of the management companies we surveyed experienced portfolio growth within the last two years. Here are the top six trends weve identified for this year.
The property management industry has changed a lot in recent years. Today, automation stands out as one of the best tools residential property managers can use to improve their operations and enhance residents’ experiences. This post explores the key ways automation boosts property management operations and benefits residents.
Acquiring property without buying it outright sounds too good to be trueuntil you learn about ground leases. For investors looking to build without spending millions on land, or landlords who want a more passive investment, this kind of lease could be the golden ticket. Main Takeaways What is a ground lease?
Introducing new staff to the realities of property management goes beyond reviewing lease terms and daily operations. One of these situations is hoarding—a condition that presents both health and safety risks and the need for careful compliance with fair housing laws. This documentation serves multiple purposes.
From young professionals and students to remote workers and city dwellers, renters are interested in shared living arrangements because it presents convenience and cost savings. Yet, co-living arrangements bring opportunities and challenges for rental property owners and managers.
The financial health and growth of property management companies is more closely tied to resident experience than ever before. The post Critical Insights for Property Managers: Leveraging Tech and Communication to Boost Resident Satisfaction appeared first on Lula.
Many multifamily property owners in California start off thinking they own a building. If your rental property isn’t being managed with a business-minded strategy, it’s likely underperforming. Here’s how we help you increase rental property value in California and boost multifamily asset performance. At BFPM Inc., At BFPM Inc.,
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.
AI in Property Management: Separating Hype from Reality Artificial Intelligence (AI) is revolutionizing various industries, and the property management business is no exception. However, amidst the excitement, it’s crucial for property managers to distinguish between what’s merely hype and what genuinely delivers value.
Application fraud detection in property management is always a priority, but its an even bigger issue given that so many interactions occur now online. And given that property managers spend an average of $7,500 per eviction, it can be costly to not take every measure to prevent rental fraud. Its been done successfully for many years.
In a post-pandemic, tech-enabled world, the term virtual property management company has moved from experimental concept to a proven business model. In this guide, well explore what it really means to run a virtual property management company, how it works, what the key benefits and tradeoffs are, and what to consider before making the leap.
Running a property management business in 2025 isn’t what it used to be. That’s where property management automation comes in. In this post, we’ll explore what property management automation actually means, where it delivers the biggest wins, and how you can start using it without losing your personal touch.
Do you lose new leases and renewals when renters present sales objections? It could be a complaint about price or amenities, or even mere hesitancy to renew a lease. The ability to handle sales objections can make or break your property management business. An objection is anything that runs contrary to your offer.
In the previous editions of our property management software buying guide, we covered the basics of how to compare property managers, from key features software should have to assessing pricing models and customer reviews. We also explored specific considerations for multifamily property management software.
Growing a property management company traditionally means building a strong local reputation, gradually attracting new clients, and expanding door count over time. Many property managers today are choosing another way to grow: acquiring other property management companies. Why Acquire Another Property Management Company?
As a rental property owner or manager, you may have noticed that some months of the year bring a surge of rental inquiries while others appear to be much less busy. For rental property owners and managers, comprehending these seasonal trends can help you make more effective decisions regarding pricing, marketing, and other aspects.
Selling a tenant-occupied property comes with legal obligations and strategic decisions. Owning an investment property is all about strategy, and sometimes, that means selling while a tenant is still living there. In California, landlords can sell a property even if it has an active lease. But is it possible?
You may have missed a rent payment or violated your lease, and now the issue has escalated. Incorrect Notice Period Landlords must follow PAs legal notice timeframes (10, 15, or 30 days) unless lease terms state otherwise. paying overdue rent or fixing a lease violation) to, the notice will no longer be valid.
The neighborhood of your rental property has a huge impact on who wants to rent that home, how much theyre willing to pay, and whether theyll stay in place and renew their lease agreement year after year. This creates more demand, which can lead to higher property values and lower vacancy rates.
Landlords and property managers use them to decide who gets approved, but what exactly are they looking for? As one of the most experienced rental property management in Baltimore , we can tell you for sure that background checks are a big deal for landlords. This way, they can rest assured you’ll do the same for their property.
The short-term rental market has experienced remarkable growth, especially within multifamily properties. Property owners and investors recognize the potential for increased revenue and adaptability, driven by evolving guest preferences, technological advancements, and shifting lifestyles.
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For Renters, this new California law presents an opportunity to improve their credit without taking on debt. Key Requirements for Landlords Under AB 2747, Landlords must provide Tenants with written information about Rent Reporting at lease signing and at least once per year. Confirmation that Rent Reporting is optional.
Small homes = big profits Leasing tiny homes is one of the latest trends in the rental business. On the other hand, tiny houses and ADUs (accessory dwelling units) that are situated on a property that also has a traditional dwelling may see a greater increase in value. Many tiny houses feature a loft for sleeping and storing.
Triple net NNN leases seem to be all the rage for real estate investors. Real estate investors exhibit significant interest in triple net leases for several reasons. Automate your triple net property management to facilitate a swift initiation. The reality is clear: triple net leases are seldom as unequivocal as they first seem.
For investors seeking high returns, coliving presents a unique and lucrative opportunity. There are several business models investors can explore, including owner-operator, lease arbitrage, and management models. As our Baltimore property management company can tell you, in simple terms, coliving is a modern way of sharing a home.
Hoarding in housing may first present as a lease violation but hoarding is more than a housekeeping issue and can be a fair housing issue. By The Fair Housing Institute Introducing new staff to the realities of property management goes beyond reviewing lease terms and daily operations.
The city’s official data dashboard presents quarterly updates on these rates, providing insights into office space demand. Sublease opportunities frequently present reduced rates and pre-existing fit outs, rendering them appealing alternatives to direct leasing agreements.
Main Takeaways Mold is a common issue in rentals often stemming from moisture, poor ventilation, and maintenance, and it presents various health risks. Fighting mold has been one of the core challenges we face as property management companies in Baltimore. Once those are present, it can show up almost anywhere in a home.
Finding and hiring the correct property manager to manage your rental property can make all the difference in the world for landowners and investors – this is true for both commercial and residential property. In order to successfully own investment property, property managers are necessary partners.
Opiniion helps every step of the way as properties collect, analyze, publicize, and act on resident feedback and reviews. In multifamily property management, its no different. Integrating AI into your property operations can help streamline processes, improve your resident experiences, and increase revenue. Who doesnt want that?)
These changes reflect a growing commitment to support renters while creating clear guidelines for property owners. Understanding these updates is important whether you are renting a home or managing a property. Here is how it works: Before you move in : Property owners must take photos of the unit to establish the condition.
Turnkey investment properties are often promoted as the ultimate solution for rental property investors—move-in ready, low-maintenance, and a rapid path to steady rental income. They may look like the perfect investment, but hidden risks of turnkey properties can catch even experienced investors off guard.
In this guide, we’ll break down what STR means, why it’s booming, its pros and cons, and how it stacks up as an investment property in 2025. As the name suggests, these are propertiesleased out for short periods—usually 30 days or less. many owners rely on rental property management in Washington D.C. In the U.S.
Effective property management videos can revolutionize resident communication with video of actual team members engaging residents. They want to know there’s a real person behind the property management; someone who understands their needs, celebrates their milestones and truly cares about their living experience.
Know Your Numbers Before You Buy Buying rental property is one of the smartest ways to build long-term wealth, but only if your financing strategy works for you, not against you. Many investors focus entirely on the property: location, layout, price, or potential rent. But the real key to profitability? Your loan terms.
In our rapidly changing, digital-driven world, renters demand efficiency when searching for and leasing a home. They aim to get a feel for a rental property without a physical visit. Consequently, virtual tours are now essential for rental property marketing. Are 3D Virtual Tours Worth It for Rental Properties?
However, co-living arrangements deliver opportunities and challenges for rental property owners and managers. We’ll delve into the incredible rise of co-living spaces, highlight critical tips for rental property owners and managers, and effective ways for successfully marketing these unique properties.
When it comes to renting a property, one the most important services that all landlords should offer their tenants is the ability to make online rent payments. Older rent collection process often presents significant challengesmissed payments, delayed processing, and the hassle of managing paper records.
Introducing new staff to the realities of property management goes beyond reviewing lease terms and daily operations. One of these situations is hoarding—a condition that presents both health and safety risks and the ne.
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Finding a great tenant for your Columbus rental property feels good. But the work isn’t over once they sign the lease. This playbook will walk you through the proven tenant retention strategies Columbus property owners and experienced property managers use. These aren’t just tips for filling vacancies.
Breaking Down the Math: Pet Fees as a Revenue Stream Revenue from Pet Fees To illustrate the financial impact, let’s consider a hypothetical property management company overseeing 10,000 rental units. Let’s assume 12 parks covering 3000 units (average 250-unit properties), for a total of $60,000 per year. million The result?
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