Property Management News
The Problem with Today’s Apartment Websites Lucy opens her ChatGPT app and types in this prompt: “I’m moving to Kansas City, Missouri next month for work. I really like the Plaza area. Are there any studio apartments near there that allow labradoodles?” The AI responds with a customized list of five apartments matching her query, including a breakdown of their proximity to the Plaza, pet policies, breed restrictions, and more details—citing the communities’ websites as sources. She taps the link to the website of the first community on the list. The site loads with nothing but a dull gray window and main navigation showing. After five long seconds, a video... Read more
Deciding between a long-term and short-term lease agreement is one of the most important choices a landlord can make. Each option comes with its own benefits,...
When you begin to explore real estate investing, you will encounter a lot of new terms and formulas. Among the most important of these is the capitalization rate, or...
When you purchase a duplex, triplex, or other investment, there is a crucial question you need to answer: “Should I live on the property?” If this is your...
Most investors know BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat. But knowing the acronym and actually building a $10 million multifamily portfolio are two...
What should you do when a very qualified applicant wants to rent your vacant property on a month-to-month basis? Should you turn them away because they do not want or cannot commit to a longer term lease? A month-to-month lease can be an appealing and profitable way to rent out property. But, while short-term arrangements may generate more income, they often require additional effort, increase turnover costs, and create uncertainty around vacancies. If you are considering this option, it is important to carefully evaluate both the benefits and the drawbacks. Balancing Stability and Profit as a Landlord Like many small businesses, maximizing landlord profits often comes down to tough... Read more
Imagine having a $2,400 monthly mortgage payment, but only paying $600 out of pocket. The other three bedrooms? They’re covering the rest—plus utilities, plus...
When Anna Julian happened upon a neglected row home in Baltimore seven years ago, she had no formal construction training—just determination, a willingness to...
New York City homeowners can now apply to add basement, attic, and backyard apartments to their existing properties. On Tuesday, the city launched an applications...
What Is a Value Add Opportunity? A value add opportunity in real estate is a strategy. Investors buy properties that are not doing well. They make improvements to...
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