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. But the reality is, that tenant turnover is inevitable, and it can leave you with gaps in income if you’re not prepared. The Fix: Always have a plan for tenant turnover.

Landlord

American Apartment Owners Association

NOVEMBER 2, 2022

The 1 percent rule is another common one among rental property investors. The way it works is a propertys rental income should be at least 1 percent of its purchase price. For example, if you purchased a rental for $100,000, the total rent should be $1,000 minimum. Rent is a primary income source.

Rental Property

American Apartment Owners Association

NOVEMBER 2, 2022

The 1 percent rule is another common one among rental property investors. The way it works is a propertys rental income should be at least 1 percent of its purchase price. For example, if you purchased a rental for $100,000, the total rent should be $1,000 minimum. Rent is a primary income source.

Rental Property

Authority Property Management

JUNE 16, 2024

Here's why relying on a local real estate broker is essential for accurate rental valuations. Furnished vs. Unfurnished Matters One significant flaw in Zillow's Rent Zestimates® is the failure to differentiate between furnished and unfurnished rental units. This substantial price difference skews the overall rental estimates.

Real Estate Broker

MRI Software

SEPTEMBER 10, 2024

Multifamily operating expenses are the regular costs that come with running and maintaining a rental property. These can range from maintenance and repairs to utilities, insurance, and payroll. Multifamily operating expenses per unit One way to keep track of your expenses is by looking at the cost per unit.

Utilities

RL Property Management

DECEMBER 23, 2024

Energy-efficient upgrades like LED lighting, smart thermostats, and high-efficiency appliances not only reduce utility bills but also cater to the growing demand for sustainable living options. While it takes regular monitoring, it helps maximize rental income without scaring off tenants.

Landlord

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

Host Tools

NOVEMBER 21, 2024

With countless rental properties vying for attention, how can yours get noticed? The answer lies in smart, budget-friendly rental property renovations that improve the aesthetic appeal and boost guest satisfaction and, ultimately, your rental income. Don’t wait to start improving your rental property.

Airbnb

Authority Property Management

JULY 20, 2021

If your rental rate is too high, it will be difficult to attract potential tenants and if it is too low, you won’t be able to maximize rental income to its full extent. It is important to strike a good balance between occupancy rates and profits, and always try to charge a fair rental rate for your property.

Single-Family Home

Authority Property Management

DECEMBER 3, 2015

How to Prepare Your Property for Rent in Redding CA If you have rental property in Redding, CA a burgeoning city and the seat of Mt Shasta in Shasta County you stand a great chance of making a good rental income. However, you will need to know how to prepare your rental property for rent in Redding CA.

Rent

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. Find out about both its potential and risks.

Rental Income

MRI Software

SEPTEMBER 5, 2024

High occupancy rates are essential for steady rental income and increasing your property values. Steady rental income Occupancy rates are crucial because they directly link to your income and profitability. This steady income helps you manage maintenance, utilities, and staff salaries effectively.

Apartment

Authority Property Management

AUGUST 11, 2021

The answer is simple, rental property maintenance keeps your rental unit in good shape and makes it appealing to existing and prospective tenants. Keep in mind that tenants are your main source of rental income, but you can’t attract the best quality tenants if your rental property is in poor shape.

Property Maintenance

MRI Software

DECEMBER 7, 2024

Essentially, it’s all about taking underperforming properties and making strategic upgrades that enhance both rental income and property value. With rental demand on the rise across the U.S., this type of investment gives you the chance to capitalize on market growth and increase your portfolios profitability.

Real Estate

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. How do financing options differ?

Airbnb

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

Property Management Inc.

FEBRUARY 10, 2025

By understanding these rules, you can confidently manage your rental property and avoid legal downfalls. Factors That Influence Rent Increases Here are the factors: Market Conditions & Inflation – Rising costs for maintenance, utilities, and taxes often force landlords to increase rent to cover these expenses.

Rent

Property Management Inc.

NOVEMBER 26, 2024

Additionally, proactively explore options for finding new tenants quickly, such as utilizing rental listings and social media, to minimize the financial impact and maintain a positive landlord-tenant relationship. Once the tenant vacates the rental unit, take proactive steps to re-rent the property.

Lease