Property Management News
What Is a Value Add Opportunity? A value add opportunity in real estate is a strategy. Investors buy properties that are not doing well. They make improvements to increase income, value, and overall returns. Value-add deals target buildings that need work. These buildings often have outdated interiors, bad management, or low rental prices. Instead of purchasing stable assets that are already improved, investors look for these opportunities. These buildings can be updated for higher profits. The core objective is to increase net operating income (NOI). Property values in commercial and multifamily real estate depend on NOI and cap rates. Even small improvements can lead to significant... Read more
The cost of renting a home in the U.S. has soared over the past 20 years, especially in the immediate aftermath of the pandemic, as inventory tightened despite an...
TransUnion finds renters increasingly turning to third-party tools to boost credit profiles A growing number of renters are taking credit-building into their own...
Personal outreach is crucial as a survey of 1,100 multifamily communities found six out of seven properties don’t combine call, text, and email in their prospect...
Half of American adults have a subprime credit score or no credit score at all. Without a good credit score, applying for a car loan, opening a credit card or getting a...
Last month, I got a call from an investor friend who was about to lose $8,000 because he’d rented to someone who seemed “really nice” but hadn’t actually verified their income. Three months later, he was dealing with an eviction, lost rent, and a trashed unit. Here’s the thing about tenant screening—it’s the difference between real estate investing being a wealth-building machine or a stress-inducing nightmare. Get it right, and you’ll sleep well knowing your properties are in good hands. Get it wrong, and you’ll be fielding 2 AM phone calls about broken things while chasing rent payments. The rental market is tighter than it’s been... Read more
Across the country, multifamily property owners are increasingly turning to renovations as a strategy to stay competitive. With the cost of construction materials...
Eviction. It’s a word that no landlord wants to utter, yet it’s an inevitable part of managing rental properties. Whether it’s due to unpaid rent, a lease...
Here’s a conversation I’ve had way too many times: An investor calls me panicking because their HVAC system just died, they’ve got two vacant...
Once upon a time in multifamily marketing, it was all about the unit. Show the square footage. List the features. Add a few photos. Done. But today? Renters expect...
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