There’s a lot of competition in many real estate markets. If you want potential residents to lease from you instead of from the competition, it’s important to cover all of your bases. The following tips can help you stand out from the crowd and seal the deal with prospective renters.
Meet all potential residents in person.
In today’s world of big business, many residents are looking for a more personal relationship with their landlord or property manager.…
Keeping up with technology is important in almost every industry, including the property management business. If you are currently looking for a property management firm to hire to manage your rental properties, you may want to ask what types of new technology they are using before you hire them. New trends in technology help these companies offer better services, and here are three newer services you may want to find in the property management firm you hire.…
Real estate developers, builders and investors have been seeing a new trend as of late: multi-family housing. Although investing in a two-family or more home is not for everyone, there are plenty of instances when it is indeed the right choice for you. Investing in real estate is a huge step and decision, so it is important that you know what you are purchasing is the right thing for you. Here are four reasons you may want to consider investing in a two-family or multi-family home:…
If you have bought a house recently, you might take a little comfort in the fact that your neighborhood is governed by an HOA, or a Homeowner’s Association. Since these organizations focus on protecting community aesthetics and property values, you might be able to keep your place safe and beautiful for the long haul. Unfortunately, unless you understand the rules, you might end up in trouble, just like that guy down the street who likes to park his cars on his lawn.…
Selling your home involves many different steps, especially when you are still living in your home while you are trying to sell it. Below are five pieces of advice that real estate agents recommend for showing your home.
Work from the outside in
When you are preparing your home for selling, you will want to start outside. Look at your home from across the street and see what a stranger would see.…
The internet has revolutionized the world of business for landlords, not just serving as an advertising outlet, but also streamlining their operations, making it easier for them to network, and reducing their workload overall. A website can prove to be an invaluable asset to anyone in the property leasing business. Below are three ways that having a website can reduce a landlord’s stress.
1. Getting New Rental Prospects
Having empty units to fill can be both exciting and frustrating.…
Buying a home may be the biggest investment you ever make as well as the largest debt you ever take on, according to Realtor.com. But finding a home to buy isn’t a simple chore. Whether you are in the market for a new home, an older home that has been upgraded, or a do-it-yourself home to restore, if you want to make a good investment, there are certain things to look for when you go house hunting.…
If you’re about to buy a multifamily property characterized by cultural diversity, you have some challenges ahead. Multicultural misunderstandings are common due to problems with communication and lack of knowledge. You want to avoid turnover as much as possible, prevent clashes among residents and handle maintenance and repair issues promptly. Effective communication is essential.
The Importance of Resident Retention
Each time a tenant decides to move out, it costs the landlord time and money for advertising, maintenance tasks such as carpet cleaning, and showing the apartment to prospective renters.…
Buying a home is a major process. It is not like you can just go to the house that you want and buy it right then and there. Even if you are paying with cash, there are still many things that you have to do before the house is yours. However, most people don’t buy with cash. Most people finance the home. If you are planning on financing your home, you might be wondering what sorts of things you can do to make yourself a more favorable candidate for the house.…
If you have a second property or a home that you are not currently living in, you have several options regarding the best way to maintain and potentially make money from it. Depending on your availability and location, one option may stand out as more suited to what time and effort you are realistically able to invest in the property at this time. Consider these three ways to deal with the dwelling, and pin-point the one that best suits your distinctive needs and goals:…
