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.…
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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.…
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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.…
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