Property Management News
Managing books and record keeping for rental properties can be confusing, cumbersome, and stressful. However, there are several ways to make the process easier. If you’re looking to maximize returns on your real estate investment, it’s important to understand the basics of accounting for rental property. In this article, we share some tips and tricks as well as tools to make rental property accounting easier for landlords. Why is Rental Property Accounting Important? Accounting for rental property is crucial for landlords as they need to be able to keep track of the money flowing into and out of their rental business. Understanding how each transaction can affect your investment is... Read more
When a crisis hits a multifamily community—or any other organization—the difference between a good outcome and a disastrous one is often a matter of simple...
While there are financial benefits to investing in rental property, there are risks—tenants who don’t pay their rent and the headache of being a landlord—as...
Amenities play a critical role in the success of a multifamily community. For current residents, they can make or break the decision to renew or start the search for a...
When the person renting an apartment wants to rent out all or part of the space to someone else, this is called subletting. Some landlords strictly forbid this practice...
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
Here’s how—from buying rental property to REITs and more When looking for investment options, there are many choices for where to put your money. Stocks, bonds,...
Keeping your rental property in top condition ultimately saves on maintenance costs, and helps attract and retain good tenants. This article is the second in our...
Managing a rental can be a lot of work, but with the right advice and tools, it can be easy. Consider these screening techniques. Maybe you’ve just...
You did everything right — credit checks, calling previous landlords and references, criminal background checks. But despite your careful screening, the tenant who...
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