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Home · Property Management · Make Extra Money (Page 2)

A current popular trend is to take a single-family dwelling and convert it into a multifamily unit. There are many reasons for why this is done. Most often, the landlord sees extra dollar signs when it comes to subdividing a property where there can be multiple tenants. There are other reasons why you should, and…


NEW YORK (MainStreet) – This is a good time to change your life and buy a rental property. Nobody is saying being a landlord is easy, what with late-night calls about bursting pipes or the police being at your house to break up a big party. But a key part of wealth creation is creating…


Short term rentals have become a worldwide moneymaker and it is causing controversy here at home, with city leaders in Los Angeles at odds over what to do about it. They are growing in popularity as it is a convenient way for homeowners to rent to tourists who, in turn, avoid hotels. However it also…


Over the past few years, institutional investors have quietly snapped up single-family homes at bargain prices and converted them into rental homes, creating a new asset class. These institutional investors and holders are expected to rent their properties for the long-term because of the yield this will generate. This, in turn, has created new opportunities…


An apartment complex in San Francisco is trying out a new strategy to make some additional cash: parking space rentals for non-residents. While this isn’t a new idea, it encourages other landlords to consider hidden income possibilities — this could be a great money maker for other city apartment owners with unused spaces in their…


by Paul J. Kaliades, President Renters Legal Liability Insurance LLC A property damage loss waiver (PDLW) program is a damage liability option that provides multifamily property owners and managers financial protection if a participating resident negligently causes damages or losses to the community or building. Causes include fire, smoke, explosion, accidental water discharge and sewer…


Virginia-based Real Property Management is launching a program that will allow landlords to receive their monthly rent on time, every month, regardless of whether tenants pay on time. The program is designed to help landlords stabilize cash flow and will provide an important value add for Real Property Management clients. “This is just one of…


by John Wilhoit When people find money it is usually in small increments like a jar of change or that lost $20 in an old pair of jeans. Following are ideas on finding $10,000 this year on property. Some of these ideas can produce $10,000 by themselves. Some may reduce costs and drop additional cash…


Marketing “Dead” Building Space by Gary Zaremba You need more money. The rent roll doesn’t cut it and the banks won’t return your phone calls. Before the ulcers set in, there might be some ways to squeeze more juice from the lemon. Billboards: Let’s start at the top. If your building is near a major…


You have to give credit where credit is due. Last month, we reported on a city’s new ‘green’ plan that had landlords seeing red. Boulder, Colorado’s “SmartRegs” program placed the burden on landlords to lower their tenants’ energy usage. See New Regs: Tenants Win, Landlords Pay. The plan requires landlords to upgrade rental properties before…

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