Posted on 28. Aug, 2015 by Rachel Jefferson.
To save money on renters insurance, it’s necessary to install certain safety upgrades. Zillow.com explains how likely is it for a damage to happen within a rented space. In 2013, there were more than 1.24 million fires, resulting in billions worth of property damage. And not only should renters be weary of fire damages, but […]
Posted on 27. Aug, 2015 by Rachel Jefferson.
The number of Millennials represents almost 50 percent of home buyers, yet the number of Millennials in the real estate workforce is tiny by comparison. In this article, Inman shares three tips to learning more about and how to connect with this influential generation. And these tips easily translate to property managers who are looking to bring in […]
Posted on 21. Aug, 2015 by Rachel Jefferson.
A “Smart House” with technology-based features is a popular request from renters. But there are pros and cons property managers should consider before installing modern pieces onto their property. While installing technology-based security systems can provide a positive return, investing in the installation of a $11,000 coffee maker may not be your best possible investment. Read […]
Posted on 19. Aug, 2015 by Rachel Jefferson.
If you’re considering buying a property to rent out, you’re on the right track. Owning and renting a property can benefit the property owner and the property itself. There are several steps in accomplishing this, from creating positive cash flow to receiving tax benefits for owning a rental property. These are just two of the […]
Posted on 17. Aug, 2015 by Rachel Jefferson.
The US economy is slowly getting back on track, as the unemployment rate has been steadily decreasing since 2014. The number of unemployed has decreased by 1.38 million since June 2014, according to a study done by Axiometrics. While this past July’s unemployment percentages aren’t as promising as those of June or May, the overall […]
Posted on 17. Aug, 2015 by Rachel Jefferson.
Depending on the generation, certain wants and needs for a new home differ. A recent article reveals the difference in apartment-searching patterns, from Millennials to Gen Xers to baby boomers to the Silent Generation. For example, being in a quiet neighborhood is a must for one generation, while another age group cares more for the availability […]
Posted on 12. Aug, 2015 by Rachel Jefferson.
Texas is known to have one of the most consistently successful economies in the country. But, cities in Texas that depend on oil prices have had difficulty recently. Axiometrics reports how 23,000 jobs related to oil have been lost in cities like Houston and Odessa. This leads to a loss in renters. While these cities are suffering, […]
Posted on 10. Aug, 2015 by Rachel Jefferson.
What they don’t know won’t hurt them, right? That’s how one property in Los Angeles felt, with forty percent of residents keeping a pet in their apartment, even though it was against the rules. Property managers all over the country are starting to realize that they need to rethink their “No Pets Allowed” rule, or renters won’t be renewing their leases. […]
Posted on 06. Aug, 2015 by Rachel Jefferson.
In an effort to curb water usage in drought-stricken California, the California affordable housing nonprofit Chinatown Community Development Center (CDC) is going straight to the source: residents. Because capital improvements only go so far, they set up an educational program to teach residents about water conservation and started a little friendly competition. Read more on Mulifamily Executive
Posted on 04. Aug, 2015 by Aimee Miller.
Maintaining resident relations is a key factor to successful property management; but, it can be hard keeping clients happy when you are managing multiple properties and juggling various responsibilities. How do you keep track of one individual’s needs in a sea of many? How do you improve tenant relations so that your renewal rates can continue […]
Posted on 30. Jul, 2015 by Rachel Jefferson.
Las Vegas is not only prosperous in Blackjack and poker tables, but also in growing housing demand and increasing employment. Where annual effective rent growth has more than doubled in the last year, Vegas has a healthy occupancy of 94.4 percent. The city is also successful in its job growth rate, as it is above the national average of 2.1 […]
Posted on 29. Jul, 2015 by Rachel Jefferson.
In a new study released by the US Census Bureau, it was found that home ownership has dropped to 63.4 percent, the lowest it has been since 1967. Some economists attribute it to the real estate market crash of 2008, others blame it on wage growth and mortgage standards failing to keep up with rapidly […]
Posted on 22. Jul, 2015 by Rachel Jefferson.
While blogging is important, there are other unique ways to share great content and engage with your clients and renters, including things like quizzes, text messaging, and Pinterest boards. In this recent post from Inman, they outline 12 creative ideas for getting your messages out there. Get the 12 tips.
Posted on 15. Jul, 2015 by Rachel Jefferson.
Buying a house can be a long process that many people forgo in an effort to save money, but new information shows that it can actually be cheaper in some cities to buy instead of rent. Real estate information company Realtytrac released a report finding that “making monthly house payments on a 3-bedroom property is […]
Posted on 13. Jul, 2015 by Rachel Jefferson.
To be successful on social media, you need to build up a strong following and write clear, compelling content. In a recent article from Inman titled “5 Methods to Tweet Your Way to Online Real Estate Success,” Digital Marketer Lucie Simpson shares examples of using Twitter right. It’s an essential tool for property managers in connecting with current […]
Posted on 09. Jul, 2015 by Rachel Jefferson.
Wealthy baby boomers are choosing to rent rather than own their own home. Homeownership is at its lowest rate in the past 25 years, according to a recent CNBC report, whereas the rate of renting a home is the highest in the past 30 years. This is a result of the younger generation, who has faced the […]
Posted on 08. Jul, 2015 by Rachel Jefferson.
There are both positive and not-so-positive things to consider before renting out your home and becoming a property manager. Pros include an increase to your income and a steady cash flow. But being a landlord may require you to go out of your comfort zone and deal with emergency maintenance or difficult renters. Before taking the next step, here are a few tips from Trulia to […]
Posted on 30. Jun, 2015 by Vanessa Naranjo.
California has been making headlines for the drought, but it’s not the only state that’s experiencing water issues, which is why it is more important than ever to learn how you can save water. Trulia recently shared an informative post with seven tips on how you can save water. Their list of tips include: How to […]
Posted on 11. Jun, 2015 by Vanessa Naranjo.
Increased mobility will continue to play an important role for the modern renter. In this recent article by Axiometrics we see how Millennials are setting the stage for the next generation, a generation of “experiential people.” Click below to see how the rental industry is preparing for Generation Connected and the “experience economy.” Read the full article here
Posted on 04. Jun, 2015 by Vanessa Naranjo.
Having the right amenities in your property can make or break deals, so if you’re not changing with the times, you could be missing out. Axiometrics recently shared a post discussing how amenities have changed over the years and have varied depending on location. Click below to read more about how pools, gyms, and other amenities are […]
Posted on 28. May, 2015 by Vanessa Naranjo.
It looks like the western and southern apartment markets will lead the way in highest rental revenue and job growth. A recent five year forecast conducted by the experts at Axiometrics showed the”long-term cumulative rental revenue and job growth forecasts for 2015-2020 for 54 of the markets that Axiometrics tracks.” Click below to see what the future holds for […]
Posted on 21. May, 2015 by Vanessa Naranjo.
Graduation season is on the horizon and with that comes a flood of college graduates on the prowl for a job and place to live. The experts at Trulia “set out to help new grads find areas where they can afford to rent and still have some money left over to pay back their student loans.” Their findings […]
Posted on 14. May, 2015 by Vanessa Naranjo.
Generation Y is known for a great deal of things – tech-savvy, environmentally conscious, self-expression – that make them a unique bunch. A recent survey held by Rent.com revealed one more thing that this generation is know for: “They’re a generation of movers.” Click below to read more about the reasons behind this latest discovery. Click here […]
Posted on 07. May, 2015 by Vanessa Naranjo.
Improving energy efficiency can save property managers a ton, but deploying a solution can be a costly. As a result of this “upfront investment of traditional sub-metering” many property owners put off executing a plan. That was the motivation behind the creation of the Power Patch. Multifamily Executive recently shared a post detailing how the power patch […]