Property Management News

The benefits of having pets on property are extensive, from happier residents and increased social opportunities to providing a generally more attractive place to live. Allowing pets can serve as a boost to the revenue stream as well. To be clear, if the primary reason you’re allowing pets is because you see dollar signs, you’re probably doing it for the wrong reasons. But an uptick in revenue can be a positive consequence of a noble, forward-thinking approach to pets. Here are some of the ways a responsible pet policy can have a helpful impact on the bottom line: Nonrefundable Pet Fee and Pet Rent The most obvious forms of pet-driven revenue often consist of an upfront nonrefundable... Read more

Housing costs make up the largest expense for most Americans. Investors looking to reduce living costs, build equity, and generate rental income have become fascinated with house hacking. For new real estate investors, house hacking provides a superb entry point into the world of real estate investing. You can refine your strategy while living cheaper than you may otherwise. After a few years, one house hack can quickly snowball into two or three properties, helping scale your portfolio. However, investors searching for deals are facing headwinds from the market. Low inventory paired with high interest rates do not make for ideal buying conditions. As a result, cash flow is hard to come... Read more