Archive for March 2023

When finding qualified vendors, there are several things a landlord or an independent property manager must follow in order to be efficient in providing solutions to the problems that come to the rental business. If you screen your vendors using these tips, managing the rental property will be simpler. As part of the real estate…

Before hiring a property manager, it’s important to ask yourself first: what type of property management company do I have to get? To properly select the right one, make sure the company has good history credentials, administrative, legal and technical. Check the agreement it offers you so that you can be sure all your needs…

In 2023, we are entering a post-Covid era and there will be significant challenges for property managers. Property managers and landlords have faced delays in rent payments, debt issues, staffing issues, inflation, higher operating costs, and additional regulations. Preparing for 2023 will be a huge benefit for property managers–but first we need to understand the…

With the advent of artificial intelligence (AI), we are now able to optimize heating, ventilation, and air conditioning (HVAC) more efficiently. The clear benefit would be to reduce costs for each rental property and the renters, however there is also the long term benefit: this digital technology has potential to reduce carbon emissions significantly. In…

If you want to increase your revenue, having a property manager can help. With a property manager’s help, you gain the advantage of time freedom when you no longer have to manage the day to day operations and handle the tenant concerns, utilities, rent collection, legal papers, and so on and so forth. The time…

If you’re thinking of buying or selling a property in 2022, it is important to know the different factors that could affect your decision. Things such as surveys and other indicators, both for tenants and landlords, could help you a lot in determining outcomes for your rental property business. With that being said, here are…

For 2023, the property management industry is going through significant changes. It is expected that there will be more rent negotiations as renters consider moving out due to the changes in their economic situations. However, there will also be opportunities for landlords and property managers to negotiate for higher rent if the properties have improved…

Although the pandemic has impacted the real estate industry negatively, there is also another side of the story. As many businesses in the United States are getting bankrupt, unfortunately, the value of real estate property and personal homes also continues to increase; making it difficult especially for young adults to acquire or buy. One of…

Addressing your concerns properly while understanding your tenant’s issues is one way you can protect your business effectively. Most often, tenants complain because of unfair rules or treatment. On the other hand, property owners also get frustrated because they feel disrespected by their tenants. However, the usual reason for this problem is miscommunication. When you…

Many real estate experts agree that losing a tenant does not only cost a significant amount to your investment but can also waste your time looking for the next one to fill the vacancy. Tenant turnover is, generally, not helpful to your business’ revenue. Yes of course there are advantages especially when the tenant has…