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?
Category: Blogging
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
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?
5 Signs It’s Time to Fire Your Property Manager and Hire a New One
Apartment occupancy rates in the US are at an all-time high, with over 96% of units being occupied. So if you aren’t filling your available units with ease, there might be a problem. If you’re considering getting rid of your current property manager, you might be hesitating. It’s hard to know when someone truly deserves to… Continue reading 5 Signs It’s Time to Fire Your Property Manager and Hire a New One
A Quick Property Manager’s Guide to Rent Collection
Statistics show that 100.9 million people live in rentals throughout the United States. This means that several landlords and property managers are in charge of collecting rent from their tenants each month. How can you help make this process successful for both you and your tenants? Where are you facing the most trouble with this process… Continue reading A Quick Property Manager’s Guide to Rent Collection
The Owner’s Guide to Finding Tenants: How to Screen Candidates
For a rental property owner, finding tenants is one of the trickier parts of the job. You want tenants that are reliable, dependable, and prompt with their rent payments. But it can be difficult to tell what kind of tenant a person will be just by meeting them. This is why properly screening all of your property’s… Continue reading The Owner’s Guide to Finding Tenants: How to Screen Candidates
How Much Does Property Management Cost? What You Need to Know
It’s a great time to be a landlord, but the job isn’t without its unique challenges. In recent years, we’ve seen more people renting than at any point since 1965. The rental market has continued to stay strong and isn’t likely to be going south anytime soon. However, renting out property isn’t as simple as… Continue reading How Much Does Property Management Cost? What You Need to Know
These Are the Different Types of Property Managers
Are you looking to hire a property manager, but aren’t sure who to choose? Finding the right property managers can be a daunting task. Before you start the job hiring process, you first need to understand the different types of property managers out there. This way, you’ll have better luck finding the right person for… Continue reading These Are the Different Types of Property Managers
How To Be A Property Manager Successfully
Approximately 34% of American adults rent the home or apartment they live in. With more people renting than at any other time in the past 50 years, investors are starting to look for rental properties to buy. Most investors don’t have the time or experience needed to manage their own properties. This why they typically… Continue reading How To Be A Property Manager Successfully