Property Management News
Yes, renting out your primary residence can be a great way to generate additional income, especially if you have unused space or plan to be away for an extended period. But before doing so, there are several things to consider first: Local zoning laws: Some areas may restrict the frequency or duration of specific types of rentals, such as short-term or medium-term rentals, so keep this in mind if you plan to offer more than 12-month lease options. Homeowners Association (HOA) rules: If you live in a community with an HOA, check their regulations as some may limit or ban rentals, even if they are occasional. Tax implications: Rental income is taxable, but you may qualify for deductions... Read more
Technology has seeped into every part of our daily lives, including our homes. Over the last decade, the number of homes with at least one smart device has steadily...
An Indianapolis man was sentenced to 41 months in prison for his role in a scheme to defraud real estate investors, Acting U.S. Attorney Vikas Khanna announced. Herbert...
It’s obvious effective rent collection is essential for maintaining cash flow and ensuring the financial health of any property. However, traditional methods like...
Tenant screening is one of the most important steps you can take as a landlord or property manager to ensure you rent to reliable, trustworthy individuals. However, with...
Dogs are cute. Howling all night? Not so much. Here are some ideas about how to handle things when residents have pet-related issues. Despite all efforts, having pets at apartment communities isn’t always easy. Mishaps will happen, problems and new challenges will arise and complaints will keep property operators and managers busy. Maintaining a strategy to protect your residents and yourself while addressing pet complaints is a dynamic process. While the community might be pet friendly, policy enforcement is the glue keeping it all together, and your guidelines must be consistent and clearly communicated in leases and community announcements. Here are some things that can help... Read more
Investing in multifamily properties is an excellent way to grow your portfolio and generate steady passive income. By focusing on a few simple steps, the process becomes...
Uncover the tax benefits in multifamily real estate investing by utilizing depreciation deductions to reduce taxable income and mortgage interest deductions to lower...
There are few things that the entire real estate industry can agree on, but one is that rent control is bad for business. Restricting how much a landlord can...
According to Cushman & Wakefield, retrofitting is “the process of making alterations to an existing property to improve its energy efficiency and reduce energy...
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