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Four Mistakes to Avoid When Targeting Generation Y Renters

Four Mistakes to Avoid When Targeting Generation Y Renters

Posted on 05. Jul, 2013 by .

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Property managers are starting to cater to the next big rental market; Generation Yers. With an estimated 80 million people born between 1978 and 1995, Gen Yers can be a great group to target as prospective tenants. According to a study by Pew Research Center, they are less likely to buy a home then previous […]

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Time To Upgrade Your Property Manager Tools?

Time To Upgrade Your Property Manager Tools?

Posted on 01. Jul, 2013 by .

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Even if you’re happy with your current internal processes and the tools you use, it never hurts to make a periodic assessment of those tools. While it’s fairly easy to tell when it’s time to upgrade your computer or replace your printer, it’s far more difficult (and painful), to determine when other parts of your business need upgrading.

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Is The Recovery In Housing About To Go Belly-Up?

Is The Recovery In Housing About To Go Belly-Up?

Posted on 24. Jun, 2013 by .

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Existing home sales in May were up 4.2% which is the highest level in over 40 months. Buyers were most likely motivated by a profound shortage of inventory in some areas as well as wanting to lock-in mortgage rates before they go any higher. Just in the past couple of weeks the interest rate on the 10-year Treasury bond, the benchmark for mortgage rates, has spiked up above 2.5%. No wonder the 30-year mortgage interest rates have leaped over the 4% barrier. Some are wondering is the Federal Reserve about to harpoon the housing recovery?

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Swamp Coolers Versus Air Conditioning Part II

Swamp Coolers Versus Air Conditioning Part II

Posted on 12. Jun, 2013 by .

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In my last post, I talked about the advantages and disadvantages of continuing to use swamp coolers in your properties. In fact, business is booming for many HVAC companies touting the advantages of converting evaporative cooling systems to conventional air conditioning systems.

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Swamp Coolers Versus Air Conditioning Part I

Swamp Coolers Versus Air Conditioning Part I

Posted on 10. Jun, 2013 by .

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I never heard of swamp coolers until I moved to Las Vegas, NV. As I was touring my friend’s new home, he explained that instead of air conditioning, his home was cooled by a swamp cooler. If you currently manage properties in the West or Southwest regions of the U.S., chances are you’re familiar with these evaporative cooling systems that are typically referred to as swamp coolers.

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Rent Is The New Buy (Infographic)

Rent Is The New Buy (Infographic)

Posted on 07. Jun, 2013 by .

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According to the National Association of Realtors, 5 to 6 million new renter households will be created within the next 10 years. In this infographic, we take a look at why most renters are opting not to buy a home and why it’s currently a renter’s market.

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The Challenges Of Home Ownership Make Renting Very Attractive

The Challenges Of Home Ownership Make Renting Very Attractive

Posted on 05. Jun, 2013 by .

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Those of us who bought our homes towards the top of the last housing bubble (2003-2007) are relieved to hear that the average price for houses is climbing steadily in most regions of the U.S. Yet for many the cost of buying a house is still making it difficult or impossible to become homeowners. Even though interest rates are still at all-time lows, it’s still tough to qualify for a mortgage.

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Summer Preparations For Property Managers

Summer Preparations For Property Managers

Posted on 31. May, 2013 by .

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Isn’t summer everyone’s favorite time of year? As the song tells us, it’s when the living is easy, and many people are out enjoying the long days, the warm weather and activities that just aren’t possible during the fall and winter months. For property managers, there can be one drawback to that bright summer sunshine.

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Having The Courage Of Your Convictions As A Property Manager

Having The Courage Of Your Convictions As A Property Manager

Posted on 29. May, 2013 by .

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We just finished celebrating Memorial Day. It’s helpful for me to remember that’s the day when Americans honors men and women who died while serving in the U.S. military. I want to pay my deepest respect to their memory and to their loved ones. Originally known as Decoration Day, Memorial Day originated in the years following the Civil War and became an official, very significant federal holiday in 1971.

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Spruce Up Your Properties For The Big Moving Season

Spruce Up Your Properties For The Big Moving Season

Posted on 22. May, 2013 by .

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As we all know it won’t be long until school is out and summer arrives. That is traditionally the beginning of the time that owners and renters are more likely to move to new locations. It’s also the time when the vacancy rate can fluctuate and the turnover rate increases.

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The Secrets Of Successful Property Management

The Secrets Of Successful Property Management

Posted on 21. May, 2013 by .

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Now that’s a title that should make all property managers very curious. Actually it’s the title of a webinar that was offered on Thursday May 9, 2013 and can be listened to at this link. These free webinars and podcasts should be a regular part of a property managers’ month.

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Facebook Graph Search: A Great Opportunity For Property Managers (eBook)

Facebook Graph Search: A Great Opportunity For Property Managers (eBook)

Posted on 20. May, 2013 by .

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Facebook recently released an exciting new feature called Graph Search. The social search feature makes it easier for your property Facebook page to be discovered by people who want to learn more about your property management business.

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What Do You Bring To The Table?

What Do You Bring To The Table?

Posted on 15. May, 2013 by .

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If you’re just starting your own property management business, it’s important to identify what you bring to the table. Is it your expert customer service? Affordable fees? Years of property management experience? Whether you’re planning on managing multi-family units, rental homes, or commercial properties, the skills and experience you can identify and later offer potential customers plays a large part in building and retaining your customer base.

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Keys To A Successful Website: A Checklist For Property Managers (eBook)

Keys To A Successful Website: A Checklist For Property Managers (eBook)

Posted on 13. May, 2013 by .

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One of the primary tools many property managers use to deliver information to current and future residents is their website. In this complimentary eBook, we share over 30 important criteria for your website that will help you create a professional, efficient and profitable marketing tool for your business.

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When Screening Applicants Remember The Fair Credit Reporting Act

When Screening Applicants Remember The Fair Credit Reporting Act

Posted on 10. May, 2013 by .

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Property Managers know how important it is to prevent problems with residents through careful screening procedures. The old saying, “an ounce of prevention is worth a pound of cure” is as important in today’s society as ever. That’s why experienced property managers don’t cut corners when screening applicants.

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How To Cultivate New Clients In “The Garden Of Property Management”

How To Cultivate New Clients In “The Garden Of Property Management”

Posted on 09. May, 2013 by .

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Seldom has there been a better time to cultivate and “plant the seeds” for new clients for your property management business. The need for rental, single-family housing has never been greater, and the financial climate is most advantageous, so let’s get started!

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Five Steps To A Successful Property Management Blog (eBook)

Five Steps To A Successful Property Management Blog (eBook)

Posted on 08. May, 2013 by .

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A recent study revealed that business blogging leads to 55% more visitors to your website. In this complimentary eBook, we worked with a blogging expert to provide you with five easy steps that lead to an effective blogging strategy for your property management business.

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Landlord Recovery Of Attorney’s Fees In California

Landlord Recovery Of Attorney’s Fees In California

Posted on 07. May, 2013 by .

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The general rule in California is that each party bears its own attorney’s fees. There are exceptions to this general rule. One exception exists when a contract contains an attorney’s fee clause. If a contract provides that the prevailing party will recover its attorney’s fees and costs, generally that provision is enforceable, assuming that the matter is litigated to judgment.

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Avoiding Craigslist Scams

Avoiding Craigslist Scams

Posted on 03. May, 2013 by .

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Despite the warnings that are prevalent around the country, potential renters, property owners and managers continue to be scammed by Craigslist. These scams have evolved as the criminals have become more devious. Today, both renters and property managers are the frequent victims of these scams.

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Property Management Benchmark Survey Partnership With Software Advice

Property Management Benchmark Survey Partnership With Software Advice

Posted on 30. Apr, 2013 by .

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AppFolio has partnered with Austin-based Software Advice to sponsor a property management benchmark survey. The purpose of the survey is to identify common property management challenges and find out what additional things property management professionals are seeking in products.

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Why Property Owners Should Consider Micro-Apartments

Why Property Owners Should Consider Micro-Apartments

Posted on 25. Apr, 2013 by .

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For the longest time, property developers have had a “the sky’s the limit” mentality when it comes to building new rental properties to keep up with America’s rapidly increasing population. That mindset is beginning to change now with the emergence of micro-apartments.

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Spring Is Finally Here

Spring Is Finally Here

Posted on 23. Apr, 2013 by .

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Spring is finally here. If you’re in a cold climate, it’s likely you haven’t spent much time outside. But once the snow melts and the ground is visible again, you’ll likely spot some areas that have become weathered from the elements. With the last freeze likely over, now is the time to get outside and take a good long look at your properties.

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Rising Rents Are Hot But Facts Show They’re Cooling Down

Rising Rents Are Hot But Facts Show They’re Cooling Down

Posted on 19. Apr, 2013 by .

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Single family housing rents rose once again in the first quarter of 2013. Yet signs are beginning to reveal themselves that the seemingly endless months of rising rents may be coming to an end. The reasons are numerous but the biggest is a marked increase in the supply of rental units.

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Embrace Apartment Rating Sites

Embrace Apartment Rating Sites

Posted on 11. Apr, 2013 by .

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For years now, restaurants and other service providers have used Yelp as their local review site. They’ve learned how to not just take the good reviews with the bad reviews, but also figure out how to manage those bad reviews so that people will still trust them and try them out.

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