Property Management News
In a recent trend that has shocked housing experts, a growing number of millionaires are choosing to rent a home rather than buy one. “Between 2019 and 2023, the number of renter households with an income of $1 million or more grew from 4,500 to 13,700 — a staggering increase as an additional 9,200 millionaire renters joined the market,” a new report from RentCafe declared. It translates into a 204% surge in the number of millionaire renters in the period. The number of millionaires who preferred traditional home ownership also soared by 169% in these years, climbing from 52,966 to 142,320 households. They continued to benefit from rising property values and previous... Read more
Background checks are the most important tool in a landlord’s screening process, according to a survey of 700 landlords by the property-management software...
A rental vacancy can cut deeply into a property owner’s cash flow. For each month that your unit remains vacant, your carrying costs and utility bills still have to be...
While some graffiti certainly qualifies as art, with many considering it a legitimate form of creative self-expression, its lesser variations—tagging, acid, markers,...
Of all the advantages that are offering by REI one component that is missing is the ability to either defer taxes (traditional retirement account) or pay them up front...
If you are a landlord or renter involved with military service members, it’s essential to understand the unique housing challenges and opportunities they face. Frequent relocations impact military rental properties and real estate markets significantly. This article provides crucial insights on military tenants, the benefits of homeownership for service members, and how military personnel can successfully transition into landlords to manage their properties effectively from a distance. Those in our armed forces move on average every 2-3 years — 10 times more than the non-military population. Outside of military housing, with so many military service members on the move and with such... Read more
Pools are out. Smart locks are in. According to a new national survey from Rently, 58% of renters say they would give up traditional amenities like pools and gyms in...
After a gradual phase-out, 100% bonus depreciation is making a timely comeback—and the implications for the real estate sector are substantial. For those investing in...
When most new investors think about getting into real estate, they picture buying a single-family home or maybe a small multifamily property. But with home prices...
In the 10 worst states to be a landlord, it can be tough between taxes, tenants who don’t live up to their lease agreements, maintenance woes, and the cost of...
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