Category: Revenue

Outlook for Rent Prices Rent is rising in 2022, faster than it did in 2021. That shouldn't be a surprise that so far this year national rents have risen 2.5% vs 1.9% in 2021 during the first 3 months. However the rate of growth in the past month could send shockwaves into communities if they…

A Keen Focus on Business Growth We've discussed the topic of growth and profitability in many posts, and they are vital topics for property management companies. There are a good number of property managers who are keen on growing their businesses either through new clients or by acquiring properties themselves. With rent revenues rising so…

New Tenant Services As we covered previously, tenants have a particular laundry list of things they'd like to have in their new rental apartment or condo. One of them is Free Wifi. For those landlords who shy away from free anything and adhere to the bare bones service model, free Wifi won't impress. If this…

Home & Apartment Reno Traditionally, property owners and property managers almost never refurbished, painted, renovated or redesigned their units. They didn't do a formal cost/benefit analysis and concluded renos are never worth it. The words renovation or redesign is all about tenants.  The home is what they're paying for and they'll pay regularly and well for a…

New Amenities for 2022 As the Corona Virus pandemic decreases and restrictions begin to ease, more tenants will be looking to the outdoors and shared outdoor amenities for get togethers. Kids playgrounds, tennis courts, basketball courts, barbecue party areas, swimming pools, garden areas, are all seeing more usage, whether in Florida, or California up to…

Rental Market for Realtors The post pandemic era might be a good business opportunity for Realtors. In fact, right now you may be representing rental property owners. More than a few Realtors decide to become property managers too, fulfilling tenant acquisition, background checks and screening, interviewing, showing and processing applications, and taking a lot of…