Your vacancy rate is low and you have great long-time tenants. Sure, comparable units are renting for more, but why raise rents when things are going so well? Because, just like any other market, the rental market is cyclical. As...
A line from John Belushi’s character in the 1978 movie Animal House sums up the concerns many landlords have when it comes to renting to college students: “Food fight!” While it’s true students can be hard on rental...
I don’t know about you, but I hate filling vacant units. Maybe hate is a strong word, but searching for tenants, screening tenants, and doing showings just to fill a single vacant unit is a major pain. So...
Chances are, at some point in your property management career, you’ll have to evict a tenant. Whether it’s because he hasn’t paid his rent, threw one too many late-night parties, or violated any other term of the lease...
Not only do we all want our tenants to feel safe, but we also want them to actually be safe. The last thing any property manager wants is for a tenant to fall victim to injury, theft, or...
Wouldn’t it be great if all tenants stayed in their units for multiple years, agreeing to regular rent increases, obeying all the rules, and paying their rent on time? Since the reality is that tenants come and go...
Think you’re having a bad day? Just be thankful you didn’t get a call from a tenant about her “buzzing toilet with voltage running through it.” Yes, it really happened. When an upstairs tenant performed a makeshift repair,...
The alarm clock goes off. It’s a beautiful morning … but you don’t want to get out of bed. You’re chasing a tenant for delinquent rent and it’s making your life difficult. You remember having a pretty good...
There was a time when resident benefits packages existed only in the world of luxury apartments and rental homes. Now, however, rental properties of all types offer benefits packages to their residents. Google resident benefits packages and you’ll...
The population of small-portfolio investors is the largest it’s been in at least a decade. And even though a growing market signals new opportunities, not all investors share the same goals. For example, 1 in 2 rental owners...
The Accidental Landlords who remain in the rental market in 2022 aren’t necessarily the same ones you’ve worked with in the past. While they may still have personal reasons for owning their rental property, nearly half of Accidental...
Ask property managers what they spend most of their time doing each day, and they’ll probably say talking on the phone (or answering emails, or texting). Connecting with residents and owners is always important, sometimes stressful, and, when...
2021 was a wild year for Internet Listing Services (ILS) companies like the Zillow Group, Zumper, and Apartments.com owner CoStar. Tenant Turner looked at inbound lead data from 2021 and found that the vast majority of leads nationwide...
Get templates for just about any scenario to keep your business running like a well-oiled machine—whether you’re starting a property management business from scratch or simply looking to fill some gaps in your process.
How many rental applications does your team see in a week? A month? A year? And how many of those applications turn into quality residents? Solid listings placed across social and rental sites will bring in plenty of...
