Archive for March 2023

Even though some states here in America are still recovering from the economic catastrophe that the COVID-19 pandemic has brought, the real estate market is still booming. Looking at the current situation, experts saw trends in the industry that are going to enable significant growth for itself in the coming years and according to them,…

Even though property managers and owners have felt the strong financial impact of the pandemic, especially for small-portfolio owners, they still have a reason to be grateful because according to a recent survey, the number of dwellers who are still eager to live in the city through renting is still growing. Despite confusing government regulations,…

There are many different types of renters or tenants. For landlords to have a good relationship with them and to prevent the business from being compromised, they have to understand what kinds of tenants they really want to have. Investing in a rental property seems easy but the reality is that there are so many…

These days, one of the most efficient ways for property managers to run a rental property is to adopt the new system and cater to the new generation of tenants. Many of today’s tenants want immediate responses to their maintenance requests. This is because nowadays, people in general, have become used to rush communications and…

Since the alleged pandemic has started last year, the number of rental property owners or landlords who shifted to having a property manager rather than managing it themselves has grown significantly. Property management companies of different states have confidently admitted this and they have come to a consensus agreement that their service has become more…

As an amateur landlord and property manager, you have to be ready to handle myriads of tasks in running your rental business. Specifically, these tasks are tenant screening and management, financial or accounting works, rent collection system, maintenance (repair, renovation, regular inspections, upgrades, and random check-ups), legal documentation/compliances, advertising/marketing, tours/demonstrations, and working with your vendors.…

It is the responsibility of the landlords to familiarize the landlord-tenant laws and other rules pertaining to rental business in their context for them to be fully aware and not break or violate them. If not, there is a chance that the landlord may face difficult consequences and sometimes even very expensive legal battles in…

From leasing or contract signing to payment to organizing renters and prospective tenants, the digitization of transactions related to a rental property is now becoming a norm in the industry; helping to facilitate the system of administration seemingly intended to be forever dependent on computers and the internet. Most of these changes were unimaginable before…

Before taking legal actions, there are a few things that a landlord can do to address payment delinquency or the late payment by tenants. These steps are also highly recommended by experts in property management. However, landlords and property owners should also pay attention closely to the tenant’s action to see what he or she…

Many aspirant rental business owners make mistakes by quickly buying a property without much understanding of how should the rental business be really like and how to properly take care of the property that would enable long-term income. If you want to have a rental property, a deep understanding of how a real estate business…