Rents typically increase during recessions when households are priced out of the market and the industry becomes more competitive. However, it is not always the case. Large multifamily properties experienced a steep 4.1% rent decline in 2009 due to the 2008 economic crisis, while vacancy rates reached a record 10.6%. The Great Recession affected the […]
According to statistics, 41% of landlords manage their properties by themselves. Overseeing your rental properties means you need to find solutions and features that make your rentals more attractive and valuable to tenants. Investing in the right security solutions can streamline your monthly overhead costs and make your properties more valuable by improving the tenant […]
One of the primary responsibilities of a landlord is making repairs to sustain habitable conditions on their rental property. However, that isn’t a sustainable real estate business strategy and isn’t a universal law. Under certain circumstances, your renter might be liable for repair costs, and you can legally enforce those rights as a landlord. Do […]
Maybe you have a second home you want to rent out for whatever reason: getting extra income, supporting family, or funding some sweet retirement plans. Whatever your motive is, getting in new tenants, or perhaps tenants for the first time, can be a daunting process, even with software for contract management and other tools available […]
The pandemic’s effects on the real estate industry are still potent. Though specific sectors in commercial real estate are recovering and looking to thrive in 2022, others are still struggling without an optimistic outlook. Are you thinking of investing in commercial property in 2022? Read on to learn which commercial property sectors will make a […]
The inflation rate has been at its highest since the 1980s. The Covid-19 pandemic has left the economy in a tough state, which only seems to worsen so far. The real estate industry grapples with the rising cost of debt. Loan rates with 3% quotations are now in the high 4%. The impact of rising […]
From broken windows to socks down the toilet and holes in walls, tenants can cause considerable property damage. Even though it often seems like landlord-tenant laws are stacked in favor of the tenants, as a property owner, you have rights too! Depending on the nature of the damage, a landlord can request the tenant to […]
As we’re heading towards the seasons of sun, ocean breeze, soothing hammocks, and exciting rapids, 2022 shows promising for short-term rentals overall. The economic struggles of the previous years are slowly being overcome, and recovery is currently underway. In many parts of the country, we’re already seeing restrictions being lifted as the pandemic is conquered […]
In today’s real estate market, the competition is so intense you’ll need to have skilled promotional and sales abilities and embrace other intelligent ways to entice potential vendors to stand out and grab your fair share of clients. In that context, the ultimate objective when running a real estate business is to select the appropriate […]
Steel or fiberglass are two popular choices among landlords and property managers when opting for new energy-efficient and appealing doors to boost the home’s market value. They each have their advantages and disadvantages, so it’s essential to understand which exterior doors work best for you before purchasing new units. Fiberglass doors are typically more energy-efficient due to […]
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