Hospitable

MARCH 31, 2025

This way of earning rental income gives property owners more flexibility to adapt to changes in supply and demand. Although many local governments in Canada have strengthened STR regulations , running an Airbnb can be a profitable side hustle. This results in suboptimal short-term rental income.

Airbnb

Hospitable

JANUARY 28, 2025

Hire a property manager There are Airbnb hosts who hire property managers or property management companies to manage their short-term rental units for them. Keep in mind that property managers charge fees for their services typically, it's a percentage of the rental income, which can vary from 15% to 50%.

Airbnb

Real Property Management Evertrust

OCTOBER 7, 2024

Failing to Properly Screen Tenants The Mistake: Many new landlords are so eager to fill their rental units that they skip or rush through tenant screening. – Security deposit regulations: Know how much you can charge and the timeline for its return. The Fix: Educate yourself on local landlord-tenant laws.

Landlord

Beach Front Property Management

OCTOBER 2, 2024

Investing in buildings with many units can benefit from economies of scale and potentially achieve higher overall returns. This approach helps for efficient management and maximizes rental income opportunities. These include lower maintenance costs per-unit with multiple units sharing common systems.

Real Estate

Rental Choice

APRIL 4, 2024

An inappropriately priced rental unit can discourage tenants from renting or lead to potential losses. It’s important to strike a balance to make the most out of the rental property. There is no set rule or standard when it comes to determining a rental price. Factors to Consider: How Much Should I Charge for Rent?

Apartment

Authority Property Management

JULY 26, 2024

Officially known as the Justice for Renters Act, this proposition aims to expand rent control statewide, giving cities and counties the power to regulate rents more extensively. Rent control can lead to reduced rental income, which in turn affects the overall valuation of properties.

Real Estate

MRI Software

DECEMBER 13, 2024

These units can be built as detached structures or converted from spaces like basements or garages. If youre managing a multifamily property, youve likely wondered how to make better use of unused areas or increase rental income. These spaces can easily be converted into new living units with the right planning and permits.

Single-Family Home

American Apartment Owners Association

NOVEMBER 2, 2022

Rental property maintenance is the process of ensuring that a property meets the landlord’s expectations as well as the rights of the tenants renting the property. It includes cleaning, maintaining and repairing the building or unit. Landlords should inspect their rental properties at least once a year.

Property Maintenance

American Apartment Owners Association

NOVEMBER 2, 2022

Rental property maintenance is the process of ensuring that a property meets the landlord’s expectations as well as the rights of the tenants renting the property. It includes cleaning, maintaining and repairing the building or unit. Landlords should inspect their rental properties at least once a year.

Property Maintenance

Property Management Inc.

NOVEMBER 26, 2024

Illegal apartments are rental units that don't meet local building or zoning regulations. These units often arise from unauthorized modifications or conversions of existing spaces. Repeat offenders or landlords with multiple illegal units may face steeper penalties. What Is an Illegal Apartment?

Apartment

Real Property Management Choice

NOVEMBER 29, 2019

There’s no question that projects that increase your rental income while adding to the value to the property are worth studying. And, on its face, it does seem like adding a tiny home to your rental property is a good way to attain both. Some even have regulations that prescribe the size of a detached dwelling.

Rental Income

MRI Software

MARCH 20, 2025

Consistent rental income Multifamily properties provide a steady stream of rental income by housing multiple tenants. Even if one unit is vacant, income from other tenants helps cover operating costs and ensures stability. A proactive approach to market research ensures better long-term performance.

Apartment

MRI Software

MARCH 5, 2025

Multifamily investment, on the other hand, involves purchasing buildings with multiple rental units leased to long-term tenants. This approach provides a stable monthly income, reduces turnover risks, and offers a more predictable cash flow over time. What affects income stability in each model?

Airbnb

Property Management Inc.

FEBRUARY 10, 2025

As a property owner in New Jersey, understanding rent control laws and the regulations surrounding rent increases is important. New Jersey rent control regulations vary by municipality, and failing to adhere to these local rent control laws can lead to disputes with tenants or even legal penalties. How Much Can a Landlord Raise Rent?

Rent

Nest DC

SEPTEMBER 1, 2023

Buying rental property offers many advantages, either for young professionals or people preparing for retirement. Property investments offer passive rental income that can help you live the life you've dreamed of! Consider Partnering with a Rental Manager Owning an investment property is a massive undertaking.

Property

MRI Software

FEBRUARY 2, 2025

The key difference is that a multifamily residence is fully owned by one person or entity, while condos involve individual ownership of separate units. Properties with up to four units are classified as residential, while those with five or more units are considered commercial, which impacts financing and tax regulations.

Finance

MRI Software

FEBRUARY 25, 2025

Multifamily properties account for over 40% of rental units in the United States, making them a significant part of the real estate market. Tracking key performance indicators (KPIs) such as occupancy rates, tenant retention, and rental income provides valuable insights.

Landlord

Nest DC

JANUARY 4, 2024

As a housing provider, it’s essential to understand that an unoccupied property isn’t just a temporary loss of rental income. In this comprehensive guide, we delve into the less obvious, yet significant risks that come with having a vacant rental unit. It can also be a magnet for a host of unforeseen issues.

Rental Property

HOA Managememt

MAY 23, 2025

This role entails maintaining community-wide standards, supporting governance, managing budgets, coordinating maintenance of shared spaces, and enforcing rules and regulations. A property manager typically works for an individual property owner or landlord and oversees rental units, tenants, and related maintenance tasks.

Property Management

MRI Software

APRIL 1, 2025

Surveys and detailed floor plans are necessary to clearly define the boundaries of each unit and shared area. These steps ensure compliance with local regulations and provide the foundation for a smooth conversion process. Condos tend to sell at a higher price per square foot compared to rental units, especially in competitive markets.

IT