American Apartment Owners Association

OCTOBER 10, 2024

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

Landlord

American Apartment Owners Association

OCTOBER 10, 2024

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

Landlord

Real Property Management Chicago

JULY 16, 2021

Each property manager can offer various services, but the bulk of their responsibility would be working on behalf of a property owner to oversee property maintenance and repair, tenant screenings, collecting rent payments, etc. A property manager is a contractual role wherein they are paid for their ongoing management services.

Real Estate

Bay Property Management Group

DECEMBER 3, 2024

The Property Management Tool Kit: 100 Tips and Techniques to Getting the Job Done Right by Mike Beirne In this book, National Apartment Association Vice President Mike Beirne divulges some of his best practices for managing rental properties. Professional property managers have been there, done that.

Property Management

BetterWho

NOVEMBER 20, 2024

Embrace Technology to Drive Growth Technology is a powerful tool for any property management company aiming to scale. Investing in property management software can simplify tasks like rent collection, maintenance tracking, and tenant communication.

Property Management

MRI Software

SEPTEMBER 29, 2024

Renovating units to modern standards can justify higher rents. Improving the property’s appeal through these upgrades can increase occupancy rates and justify higher rents. Offering short-term leases or furnished units can also boost rental income, as these options often command higher rents.

Real Estate

MRI Software

NOVEMBER 28, 2023

But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? CAM encompasses the tasks and costs associated with maintaining shared spaces within a commercial property, a fundamental component of real estate management. Is Common Area Maintenance considered as rent?

Maintenance

McKee Properties

FEBRUARY 10, 2025

However, ensuring the success of your real estate investment often hinges on choosing the right property manager. A good property manager not only maintains the financial health of your property but also ensures tenant satisfaction by handling day-to-day tasks such as rent collection, maintenance, and compliance.

Property Management

Tokeet

AUGUST 12, 2024

Covers topics such as tenant relations, property maintenance, and legal aspects of property management. Relevant Courses and Certifications Certified Property Manager (CPM) : Offered by the Institute of Real Estate Management (IREM). Recognized globally as a mark of excellence in property management.

Property Management

Property Management Inc.

NOVEMBER 26, 2024

As a property manager, it's your job to ensure buildings and leases are fully compliant, or else you could find yourself with a tenant intent on suing the landlord. Landlords will want to know that you are collecting income and rent on the property on time and aren't overspending on repairs and upgrades.

Property Management

MRI Software

SEPTEMBER 4, 2024

The 50% rule: The 50% rule advises reserving half of the annual property rent for maintenance costs. The rental property age rule: 2% of monthly rent for properties under five years old. 4-5% of monthly rent for properties 5-10 years old. 8% of monthly rent for properties over 10 years old.

Maintenance

McKee Properties

FEBRUARY 10, 2025

Work With a Property Management Company One of the most effective ways to simplify your housing search is by working with a reputable property manager. McKee Properties, a trusted name in real estate management, offers personalized services to renters and property owners.

Real Estate

McKee Properties

FEBRUARY 10, 2025

This guide, crafted by McKee Properties , a trusted name in San Diego real estate management, will equip you with detailed insights on what to look for when seeking investment opportunities in Hillcrest. Issues such as rent control policies, property taxes, and tenant rights can directly impact profitability.

Single-Family Home

MRI Software

APRIL 25, 2024

Quality Data Management One of the key features to look for in lease management software is robust data management capabilities. This includes lease terms, rent payments, lease commencement and expiration dates, and important clauses.

Lease

Authority Property Management

MARCH 3, 2022

Their ineptitude was justifiable because they were money managers, not caretakers. Overtime, sweeping changes occurred in the real estate industry, and professional standards were set for property and real estate management. Property management companies have grown to be invaluable elements in real estate.

Property Management

Second Nature

SEPTEMBER 26, 2024

Property management automation refers to using technology and software to automate various tasks and optimize processes related to managing properties. Both are chatbot-type tools that help automate things like rent collection by automating communication about delinquency and the follow-up process.

Property Management

MRI Software

APRIL 2, 2025

A multifamily office is a firm that provides comprehensive financial management services to multiple wealthy families, helping them navigate complex investments, estate planning, and tax strategies. Think of it as a financial headquarters, designed to make managing significant wealth easier, more efficient, and more strategic.

Real Estate

MRI Software

SEPTEMBER 15, 2024

Maximizing multifamily syndication success with MRI Software In multifamily syndications, effective property management is crucial to ensuring consistent returns and long-term success.

Real Estate

MRI Software

APRIL 23, 2024

Understanding solutions of record is critical when creating a data governance plan so that everyone understands which solutions update data and which solutions hold the official answer to portfolio and business questions, such as, have we paid our rent? Document the data pain points.

Real Estate