Almost 30% of renters in Cook County, Illinois, were part of the very low-income bracket in 2019. This statistic has declined in recent years. It’s information like this that can help you make better financial decisions when buying properties to rent out. Vacancy loss is an especially crucial metric for landlords and property managers. Are… Continue reading What Is Vacancy Loss and How Do You Calculate It?
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The Best Tips on How to Become a Landlord With No Money
Being a landlord is tough work, but it’s also really rewarding. Check out this guide to learn how to become a landlord with no money.
Property Manager vs Landlord: Different Styles of Renting
Recent statistics suggest there are approximately 22.6 million rental homes in the United States. Rental properties housing tenants require attention and care. For investors in the real estate industry, one of the most essential decisions you will make is what property management style approach you will take. Do you need help with rental property, or can… Continue reading Property Manager vs Landlord: Different Styles of Renting
How Can Property Management Companies Help Accidental Landlords?
About 70% of the rental properties in the U.S. are owned by individuals. The majority of these individuals set out to become landlords by purchasing rental properties. But there are also so-called “accidental landlords” who didn’t necessarily plan on owning rental properties and using them to generate rental income. Some of these accidental landlords inherited houses… Continue reading How Can Property Management Companies Help Accidental Landlords?
What Is the Best Way to Collect Rent?
On the first day of the month, do you find yourself busy, stressed, and chasing tenants for rent? Or is this another date in the calendar that barely raises an eyebrow? Rent collection might be central to property management, but it’s not always a fuss-free event. However, there is plenty you can do as a… Continue reading What Is the Best Way to Collect Rent?
Should You Allow Tenants With Pets in Your Rental Property?
In America, 46% of pet owners say that they spend more or the same on their animals than children. So, it’s no surprise that rental property management services are flooded with tenants with pets. Finding tenants is hard enough when new properties are popping up in different neighborhoods without the added requirement of pet-friendly living… Continue reading Should You Allow Tenants With Pets in Your Rental Property?
4 Best Benefits of Tenant Screening
Did you know that it’s possible to find out about a potential tenant’s employment status, criminal history, and sex offender registries by screening them? A successful landlord or property manager must juggle multiple responsibilities while striving to create a harmonious community for tenants. One critical aspect of this process is tenant screening. This has proven time and time again to… Continue reading 4 Best Benefits of Tenant Screening
A Quick Guide to Real Estate Investing for Beginners
Did you know that the global real estate market has a compound annual growth rate that’s over 5% for the next seven years? There’s no denying that real estate will always be in demand. This is why you should think about making one or more investments. If you’ve never invested till now, you might be… Continue reading A Quick Guide to Real Estate Investing for Beginners
5 Ways a Property Manager Can Save You Money
If there’s one thing inflation hasn’t changed, it’s that rental properties are still a solid investment. Provided, of course, that you know what you’re doing. For example, many new property owners make the mistake of trying to self-manage their rentals. Though this does allow you to avoid property management fees, it will lose you money in many other… Continue reading 5 Ways a Property Manager Can Save You Money
Property Manager Qualifications
There are almost 300,000 property management companies in the US at the moment. If you’re looking for a property manager to look after your real estate investments, you want to make sure they’re qualified. The property manager’s responsibilities include ground maintenance to finding good tenants for rentals. You need them to be capable in every… Continue reading Property Manager Qualifications