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Preventative Maintenance: Three Common Mechanical Failures That Impact El Paso Business Profits Every Summer
Maintenance problems disrupt mechanical operations in El Paso every summer. This is due to rising temperatures putting hard strain on things like commercial cooling systems, vehicles, and other operational equipment. In rental or property management issue, even minor mechanical problems can cause tenant complaints, emergency repairs, operational downtime, and lost income. This is why preventative…
Read MoreHigh Desert Property Maintenance: A Cost–Benefit Analysis of Evaporative and Refrigerated Air Conditioning Conversions
Swamp coolers, also known as evaporative coolers, are cheaper when it comes to operating costs. This is mainly because of its simple maintenance requirements. This is the reason why for decades, swamp coolers have been the number one cooling system in high-dessert regions. Using less amount of electricity, swamp coolers can effectively cool indoor air…
Read MoreAutomated Screening vs Human Oversight: Why the Southwest Does Not Rely on Fully Automated Tenant Screening
Automated tenant screening systems are becoming more and more popular these days, especially as technology continues to improve and reshape industries. Because of this, using AI (artificial intelligence) applications for rental property management are also starting to become a norm. One example is automated tenant screening. From AI-generated affordability scores to quick background checks, many…
Read MoreIs Professional Management Really Worth It? A Simple Look at DIY vs. Full-Service Vacancy Rates
Many rental property owners are having difficulty deciding if they really want to hire a professional property management company. This is mainly because of the management fee; they are doubting if paying property managers is really worth it. Because of this, many property managers just do the management themselves. However, according to the recent industry…
Read MoreBeyond Spreadsheets: Using Advanced Ledger Accounting to Prepare for a 1031 Exchange
For tracking rent payments, taxes, invoices, charges, and maintenance costs, spreadsheets work fine for many real estate investors in the beginning. But when it comes to preparing for a 1031 exchange, things become different. Basic tracking methods usually become difficult to manage and even small accounting errors can cause delays and other issues. A 1031…
Read MoreInstitutional Grade for Individual Owners: How Yardi Voyager Uncovers “Cash Leakage” in Small Portfolios
For decades, advanced property management systems are out of reach for small real estate companies. Usually, for smaller portfolio (maybe for around 10, 20, or even 50 unitis), property management companies only use spreadsheets and other basic accounting software. This set up is good enough if you are not a large company. But these days,…
Read MoreWhy West El Paso and Northeast Properties Need Totally Different Maintenance Approaches
Right now, West El Paso and Northeast differ in terms of property management. Property managers who manage a rental business in both places know this. A single approach to maintenance does not work anymore because the markets are heating up in different ways. In El Paso, the market is on a constant rise for a…
Read MoreNearshoring and the Rental Boom: How the Juarez Manufacturing Surge is Pushing Up Housing Occupancy in El Paso
Nearshoring is a trend where companies move their production closer to the United States instead of keeping it in far places like Asia. For housing and rentals, this is now becoming a trend in El Paso and Ciudad Juarez. Ciudad Juarez became known for this, having 60% employment in manufacturing. Located across the border, Ciudad…
Read MoreFort Bliss and Federal Demand: A Simple 5-year Look at How Military Housing Moves and Changes
Fort Bliss is the heartbeat of the local rental market in El Paso. Unlike other places, Fort Bliss is a great driver of real estate economy because it has one of the biggest military bases in the United States. The military does not follow the same trends as the broader economy in Fort Bliss. As…
Read MoreThe Borderplex Edge: Why El Paso’s Rental Market Stays Steady Compared to Other Places
El Paso is located at the intersection of Texas, New Mexico, and Mexico. With Ciudad Juarez just right across the border, this location is a great place for rental market business. Borderplex advantage makes rental property businesses consistently going. If you are aware of the real estate situation in most places of the United States,…
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