It is one that at least 50% of investors continue to make—and not just first timers. Some experienced income property investors fall prey, too.
Browsing: property management
Ready to get creative? There are easy ways to substantially increase rent and the value of your properties—if you’re willing to think outside the box.
Section 8 housing has a nasty reputation as a trap for the unwary—but it also has a deserved reputation as a great way to collect easy rent. Which is it?
As Warren Buffet put it, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.” In other words, your reputation can make or break you.
Buying and holding income-producing rental property is great. It offers the potential for passive income, long-term wealth building, and tax benefits. Still, trying to manage your rental properties yourself can really create a love-hate relationship with your investments.
Property managers in a high-stakes economy as Detroit must know how to deal with the problems that will rise from an owner’s financial setback.
Here’s a comprehensive look at how operating in high-risk, high-reward environments affects the property management process.
Tenant retention is a critical component of property management. Remember, it takes five times as much to find a new customer as to keep an old one!
To raise rent or not to raise rent? That is the question: Can you maximize your profits without driving valuable tenants away? Get insight here!
Whether you are managing yourself or outsourcing, it pays to know the tools that a management company needs to have in place to set them up for success.
OK, maybe plain ol’ landlords have a few of these problems as well—but that won’t keep us property managers from getting a good laugh over them!
Our property management company has expanded enormously over the past few years, and during that…
At $73 billion a year, property management is a huge industry—and a number of startups, platforms, and apps are popping up to help ease the process.