Property Management News

How to Increase Rent and Boost Your Rental Income

Landlords looking to increase rent often have the fear of losing good tenants. Obviously, you want to retain qualified tenants, so you might not want to raise the rent. But increasing costs, such as insurance, utilities, taxes, and expenses, eat into profits. So how can landlords provide value to their tenants that justify rent increases? In this article, we discuss alternative ways to earn money from your rentals. We also share tips on how to attract interest from tenants and how to go about providing proper notice before a rent increase. Can a Landlord Increase Rent? Yes, landlords can increase the rent when a fixed-term lease comes to end, unless the lease has terms and conditions... Read more

In recent years, the rise of the sharing economy and online platforms has revolutionized the way people travel and seek accommodations. This has given birth to the...

In the world of real estate, cash flow properties are the ultimate ruler. The more income your properties generate, the more prosperous your investments become. Keep...

If you have spent any time at all researching potential apartment investments within the last several years, I am certain that you have been presented with a property in...

Legally converting the home and the other living unit(s) to a two-unit or three-unit condo, for example, is now on the table. California has reinstated a law that...

4 Hidden Costs of Accessory Dwelling Units You...

Constructing an Accessory Dwelling Unit (ADU) can be a pricey undertaking. Learn all about the potential costs and how to avoid going over budget on your build. Referred to interchangeably as in-law suites, garage apartments, and even "granny flats," accessory dwelling units (ADUs) have recently become a housing trend across the United States. In fact, a new national study released by Freddie Mac reveals dramatic growth in this type of construction, particularly in areas impacted by the joint forces of an affordable housing shortage and a population uptick. Freddie Mac found that 4.2% of all homes sold on MLS in 2019 included an ADU compared to a paltry 1.1% in 2000. Affordable... Read more

In the world of real estate investments, choosing the right business structure is crucial for success. Limited Liability Companies (LLCs) have gained popularity among...

The last time you stayed in a vacation rental—almost certainly booked on sites such as Airbnb, VRBO, or Vacasa—you may have thought to yourself: “I should do...

Electric vehicles are coming in large numbers. Here’s how to get your communities ready. Multifamily owners and managers have a major new priority. As automakers...

Considering building an ADU in your backyard? Here’s all you need to know about the process, from three Airbnb hosts who did it themselves. If you’ve ever...