Property Management News
Tenant screening helps minimize the risk of renting to high-risk applicants. As a landlord, you can create tenant interest by writing an effective rental listing. It’s common for landlords to make this huge mistake: only requiring a rental application and meeting their tenant at a showing. This method leaves room for error when deciding if a prospective tenant is qualified. Here are a few things to be mindful of and include in your screening process. Let the prospective tenant know that you do require a tenant background check. Provide the potential tenant an avenue to apply either online or on paper. Perform a screening of the applicant and evaluate it. Meet the potential tenant... Read more
Searching for and finding the right tenant is a daunting task for any first time landlord. Yet once you have signed the lease agreement, the work will have only begun....
Starting with loan applications in June, 25% of ground floor units must be inspected. The amount of testing of ground-floor apartment units was raised from 10...
Customer service is job one! Thou shalt answer the phone. There’s no customer service unless your resident can get a hold of you. Thou shalt under-promise and...
Ask almost anyone in property management if their community is pet friendly, and the answer is almost always a resounding yes. “Of course we take pets,” or “we...
Real estate is one of the most popular types of investments available, but because of the start-up costs and active involvement often required, it’s not the right fit for many investors. Real estate funds and REITs both address these roadblocks by allowing individuals to indirectly invest in real estate, but still reap many of the rewards. What Are the Differences Between Real Estate Funds and REITs? The following table highlights the differences in distributions, taxes, and investment and income requirements between real estate funds and REITs. Distributions Dividends and gains passed along to fund investors 90% of income distributed to shareholders Tax Treatment Taxes on... Read more
Over the long run, rent returns may be more important than price appreciation. There’s an old saying about risk that anyone in CRE should know: Don’t bet the...
Miami-Dade County is No. 1. Miami-Dade County is officially the hottest rental market in the US, with competition for available apartments remaining tight and...
Voters in the midterms in a handful of states enacted new rent stabilization measures. What does that mean for multifamily investors? Voters created new rent controls...
Freddie Mac survey shows nearly 60% of renters experienced increased rents in past 12 months. In the past year, 58% of renters said their housing costs have risen,...
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