Demographics are one of the most important considerations when seeking ideal tenants for any rental property. Single-family home rentals are booming right now, meaning investors, owners and property managers need to understand their ideal tenant for that market and know how to attract them in a highly competitive and noisy market. Let’s take a look at the single-family home rental…
Prior to the 2020 pandemic, the American workforce was making a slow but persistent change to the way we do work. Now, we’re changing the way we work and live due to a significant factor — remote opportunities. Most notably, remote work is changing the face of urban and suburban geographies. Find out how moving during the pandemic and ongoing…
If you’re thinking about starting a property management business, you might be entirely new to the game — and that’s intimidating. However, a little clarity on the basics of starting a property management company can ease your anxiety and start your business off on the right foot. With that in mind, let’s explore three first steps and some interesting, smart…
Home maintenance is a must — regularly staying on top of the small stuff keeps your property in good working order all year round. For property managers, regular upkeep is crucial as the wear and tear of systems are subject to time, natural elements and tenant turnover. Whether you’re managing a single property, a multi-family rental, or multiple properties, a…
The COVID-19 pandemic has affected every aspect of life. Home and work situations, in particular, have been thrown into total disarray with restrictions in mobility and extended suspensions of offices forcing businesses to adopt remote work setups or enforce job cuts. The rollercoaster of rental market trends during the height of the pandemic reflected the greater economic upheaval suffered by…
When asking yourself, “Should I hire a property manager?” consider all factors. After all, buying investment properties is one thing; managing your properties is another entirely. It may be tempting to consider taking on the role of property manager for your rental property to keep costs down. However, it’s also important to consider what you gain in convenience by working…
Multifamily apartment communities have a long-standing tradition of offering extra amenities — such as co-working spaces and on-site markets — to attract renters. Now, with the ever-increasing demand for single-family homes and rentals, single-family communities and neighborhoods are taking a page from the multifamily playbook. Let’s explore how single-family communities are adding game-changing amenities to draw more interest from homebuyers…
The 2021 rental property sector is still a source of optimism for property rental investors, and single-family homes are getting some time in the limelight. Outside of high-density housing, there is a larger renter base and an increase in the demand for tech-based management and smart homes. Plus, investment properties are still safer than most other investment forms right now. …
As multifamily homes and multipurpose apartment complexes continue to claim space in urban and suburban cities, developers are getting creative with amenities. The number of these properties is increasing, and so are renters’ expectations and standards when choosing where to live. More and more, residents are happy to pay for convenience and will choose their new home accordingly. If you’re…
From Roman tenements to modern-day living complexes, the multifamily housing industry has always been a way to balance supply and demand in the housing market. Instead of tenements, we now see multi-family housing as a myriad of dwelling solutions: duplexes, triplexes, fourplexes, townhomes, multi-story apartment buildings, high-rise apartments and condominiums. With the present economic and population changes, multifamily housing can…
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