All the talk about a 2019 downturn may end up being exaggerated, just a bit. There are some signs of a slight decline, primarily due to the uncertainty in the market. However, many of these are simply overblown. The economy’s fundamentals are strong and there seems to be a good amount of momentum. This is
The self-storage market has seen significant growth over the past decade. It seems Americans continue to collect too much ‘stuff’ that doesn’t fit into their homes. That’s all great for property management companies. However, the industry is changing. Increase of Self-Storage Units There has been a significant increase in self-storage construction as demand has risen.
The choices for multi-family investors continues to grow for 2019. Sure, there are concerns about higher interest rates, property values and high inventory but that doesn’t seem to affect the availability of capital sources. This is good news for property management companies. As the real estate market remains strong, more investors will rely on property
Since I am in in the property management software business, most all my blogs are related to property managers or landlords. However, this blog will cover a new federal program for real estate investors call Opportunity Zones. While it may benefit property managers or property management companies, it’s definitely geared towards real estate investors. With
Is there any special way for property managers to handle multiple roommates per lease? Common Issue This is a common issue for landlords and property management companies. My first advice is to spell out the details of guests and roommates in the initial lease. Be upfront and make sure you specify all the details that
When it comes time for your tenants to move out, landlords and property managers must decide if they can return the entire security deposit or not. 1 in 4 tenants say they did not receive the amount of return they were expecting. So, what is the deal? Full Security Deposit Refund Believe it or not,
Hard money lenders have changed from the typical definition a few years back. In the past, loan sharks were often synonymous with hard money lenders. Part of the reality that backs that point of view was those lenders often loaned money to people they didn’t believe would succeed. When they would fail, the loan shark
It’s time to face the fact that there is a good chance your tenants don’t love you. If that is true of your property management company, then maybe it’s time to find out why. With all the potential issues that can go wrong, coupled with numerous tenants, it’s common to have rocky roads with tenants.
Many industries throughout the marketplace have changed their practices in response to developments in technology, but real estate, including property management is still largely stuck in the past. On-demand app development is making access to services easier than. Artificial intelligence and the Internet of Things are connecting us in new ways every day. It’s clear
Multifamily housing has always been a good investment. Investors have generally loved this sector. Performance In 2018, multifamily vacancy rates (for class B & C) have been below 6% while class A properties are about 9%. More and more investors are closing watching multifamily properties, particularly in B & C classes. These classes can maintain