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How COVID-19 (Coronavirus) Is Impacting the Real Estate Market

Property owners know how red-hot the housing market was in this country in 2019 and even into the first few months of 2020. But then came the COVID-19 outbreak, causing disruption in the economy, closed businesses and soaring unemployment.   It is no surprise that the coronavirus called COVID-19 is impacting the housing market. Few sellers are listing homes, and…

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Smart Home Tech and Automation Makes Renting Frictionless in 2020

Whether you’re managing a vacation rental or a residential property, one thing is certain: modern-day renters prefer smart homes. Not only do connected devices make the initial move-in process easier, they also make day-to-day life more convenient. You’ll be happy to know that it’s easy to update your property to include IoT smart devices, so the return on your investment…

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How Smart Air Filters and IoT Apps Can Help You Prepare for Seasonal Allergies

Homes have evolved to become much more than just a roof over our heads. Tenants desire a refuge from the noise and pollution of day-to-day life. While you can’t control the outdoors, you certainly can help to control the air quality inside the property as part of your smart home system. Indoor Air Quality is Far More Important Than Most…

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Self Showings – The Ideal Leasing Solution for Social-Distancing Times

The COVID-19 pandemic has made “social distancing” the new cultural norm. During these difficult times, people still need to shop for apartments and leasing agents still need to find new renters. With health and safety now top of mind for consumers and leasing agents alike, both groups are trying to figure out how to safely conduct business. Once considered a…

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Three Things To Look For In A Property Automation System

An increasing number of property managers, from residential and multifamily, to short and long-term rentals, are investigating the benefits of smart home technology to automate their properties. They want what others are realizing; greater convenience and safety for their residents and guests, and more efficient operations and lower costs for their management company.  But it doesn’t take long for smart-shopping…

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Choosing the Right Smart Home Upgrades for Your Winter Rental Property

Anyone who loves skiing or snowboarding is likely to head to the mountains in the upcoming months to relax and enjoy the winter sports. That means that smart homeowners and investors will take the time to review the amenities in their winter vacation rental property before these vacationing guests arrive.  Winter vacation rental properties can be great investments depending on…

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Key Tips on How to Combat Rental Fraud and Create Legitimate Vacation Property Listings

The home and vacation rental property industries are fraught with con artists and scammers. One of the most common cases of rental fraud happens when scammers copy photos and descriptions of real properties, post them online and demand an upfront deposit from the victim. After getting the money, the scammers disappear.  Cases like this are constantly making their way into…

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How to Prepare Your Home for Travel With Smart Technology

No matter how secure your neighborhood feels, leaving your home alone while you’re traveling may come with a touch of anxiety. After all, the most recent FBI statistics on property crime reveal the following: More than 7 million property crime offenses happened in the United States in 2018. The rate of property crime was almost 2,200 per 100,000 inhabitants in…

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Is Recession Coming in 2020? Is Your Vacation Rental Property Safe?

Economic recessions come and go—every 4.7 years by some estimates—and that means we’re overdue for a financial meltdown, as this quote from a January 2020 Forbes article indicates: “While it remains unclear whether a recession will indeed occur and, if so, how significantly economic conditions will deteriorate, businesses are preparing for a potential downturn in the next 12 months,” [the consulting firm Grant…

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Occupancy Rate for Vacation Rentals: What Is It and How Do You Calculate It?

Occupancy rate is a key performance indicator (KPI) for the hotel and vacation rental property industries. Property managers use this indicator to measure the health and performance of their businesses.  Calculating your occupancy rate for a given period of time is as simple as dividing the number of units available by the number of units occupied. However, there’s a little…

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