Who manages your investment properties is important to your insurance company. One of the first questions any real estate investor should be able to answer is, “How am I going to manage my property(ies)?” The answer is important for many reasons. It’s also important to someone you may not have...
How to work with your property manager on an “asset management” approach that drives overall value Entrusting the management of your investment portfolio to a property management company should take only a little work on your part, especially if you are looking for traditional basic services....
Property managers may have local knowledge that can help you with your acquisition decisions. Many investors, especially new ones, are woefully unprepared for the road ahead of them once they purchase a property. And that’s almost always due to bad information. Where is this bad information coming...
Make sure you’re aware of all the resources available for property management. In an industry with an estimated 70% of investment property owners managing their own properties, and 36% of Americans living in rental properties, property management is here to stay. This industry, however, is not for...
Hint: It’s all about the tech stack. In the five years leading up to the pandemic, property management firms began to realize the need for the right tech stack to keep their businesses competitive and, ultimately, successful. But in the last few months, in the wake of the COVID-19 crisis, moving...
A willingness to adapt processes, communicate clearly and seek opportunities are keys to remaining successful in the age of COVID-19. Investing in rental property is a great way to diversify your portfolio and build wealth. But, real estate investing is not for the faint of heart. This is...
Have you considered the role your maintenance process plays? Of the various approaches to maximizing net operating income (NOI) for a rental property, improving resident satisfaction is often overlooked. This is largely because it feels like a qualitative measure when compared to other more...
Virtual tools expand your opportunities for showing properties. If a tree falls in a forest and no one is around to hear it, does it make a sound? That’s a question to debate with your friends during a virtual happy hour. For now, let’s dive deep into a similar philosophical question about your...
Many tenants are poised to adapt to a property management inspection model that is safer, more effective and resilient to social distancing restrictions. Modern innovations like grocery store self-checkout, online retail shopping and webinar conferences weren’t, of course, developed in response to...
