278 articles on owner education, written by the team that manages 700+ rental units across the Columbus metro. Page 9 of 12.
If you’re new to property management, growing your business or investment portfolio can sometimes feel like it goes in fits and starts. With anything new, it takes time to find a rhythm, and we all encounter some mistakes along the way. As small business owners ourselves, we’re here to offer a few t
Read the article →No one invests in rental properties only for them to sit vacant. If your units have been stuck with the lights off for too long, don’t just sit there, do something! Here’s where to start. Take an objective look at your property’s condition, Maybe prospective tenants are seeing something you’d been
Read the article →Investing in rental properties is a good way to generate income, but it also comes with expenses, the biggest of which are generally maintenance expenses. While staying on top of routine maintenance is one of the best ways to prolong the life of your property and appliances, you will still encounte
Read the article →Arguably one of the most important protections you can put in place for both yourself as a landlord and for your tenants is a lease agreement. A well-written lease agreement holds both parties accountable for what’s been agreed upon in the lease terms, helps prevent disputes, and ensures compliance
Read the article →A common struggle for real estate investors is overestimating what they can accomplish in one year and underestimating what they can do in five. The math is simple, say you purchase a 10 unit multifamily property for $2,000,000 and had a down payment of $400,000. With an interest rate of 5.055% and
Read the article →Real estate property investors spend a lot of time looking at their books (or at least they should be). Knowing exactly how much money is coming in and going out each month has a big impact on how successful the investment is performing for them. But success with a rental property doesn’t just happe
Read the article →For those new to owning rental properties, setting rent prices might feel like one giant guessing game, and one that has you all over the board. You fear that if you price the unit too low, you’ll be losing money. Conversely, if you price it too high, no one will rent from you,
Read the article →Any homeowner knows just how much work it can be to stay on top of home maintenance and repairs. Even something that seems like a simple fix can result in multiple trips to the hardware store and cost a lot more than you might expect. Now scale that up for an investor who owns one,
Read the article →Rising inflation has had us all on the edge of our seats this year. Turn on any news station and you’ll hear reporter after reporter telling you we’re riding a wave of some of the highest inflation rates the U.S. has seen in several decades. But what about for you as a real estate investor?
Read the article →The number one rule of marketing is to go where your people are, and if you’re trying to market a vacant multifamily unit to prospective tenants, the place you have to be is…you guessed it…online. But marketing costs money, and your goal as an investor is to be earning money, not spending it. Below
Read the article →Anyone who owns rental properties knows it can come with many rewards, but it’s also not without its share of hard work and challenges. Often owners come to us frustrated and in need of help because they’re struggling with the management aspect of their rental properties or because they’ve had it up
Read the article →Multifamily real estate properties fill an important housing role in communities like Columbus. Rental properties in this niche can serve everyone from a group of friends to a multi-generational family all living under one roof, and everyone in between. They are also good properties to add if you wa
Read the article →Investing in real estate has always been a great way to build wealth. You’ve likely heard Andrew Carnegie’s famous quote: “Ninety percent of all millionaires became so through owning real estate.” Some of the reasons real estate is such a good investment is because the asset itself, your building,
Read the article →Your investment properties should be income generators, not a drain on your time, money, and, yes, we’ll say it, sanity. If your property isn’t working for you, it’s past time to make some changes. The question is, should that change be selling off your properties for a quick payday, or turning to
Read the article →Investing in real estate is a smart way to diversify your portfolio and generate income. In 2021 alone, the estimated market size of property management in the U.S. surpassed $101 billion, according to data from Statista Research Department. Clearly, there are real growth opportunities to be had wit
Read the article →We can’t stress enough the importance of securing quality tenants for your rental properties. Not only are good tenants more likely to take care of your unit and treat it with respect, but they also are less likely to leave. And keeping your vacancy rate low is one of the more important ways to incr
Read the article →Vacancy rate is an important metric property owners must be tracking to accurately understand the performance of their real estate portfolio. By vacancy rate we mean knowing the average number of days or weeks per year that your rental unit sits unoccupied without any paying tenants. A good rule of
Read the article →The traditional thinking in residential real estate is that a property is worth what someone else is willing to pay for it. And while that’s undeniably true, the answer of what a property is worth is different when it comes to commercial real estate. The kicker: with good property management, you ca
Read the article →Not-so-hot-take: every month a rental property is unoccupied is a cost for the investor. This is why keeping your units occupied is a top priority, it ensures ongoing income from the property. The longer it sits vacant, the more revenue opportunities you’re losing. That said, it’s worth spending th
Read the article →Newer real estate investors love depreciation…until they get their first broken water heater or roof leak. Despite knowing how commonplace maintenance issues can be, they’re still never the first thing any of us wake up excited to tackle. Sometimes that’s because it’s those issues themselves that li
Read the article →In all businesses, and especially in service-oriented industries like property management where we’re interacting with clients and tenants on a daily basis, having a full staff of skilled and talented employees is a huge asset to any organization. But this process, like all areas of owning a busines
Read the article →Whether you’re a real estate investor, business owner, or someone mid-career, we all share a similar growth mindset. We also all recognize that growth can come in fits and starts. The important part of maintaining an upward trajectory, however, is to understand when the time is right to change cours
Read the article →Real estate is an investment niche that’s not for everyone, if we’re perfectly honest. You have to be comfortable tolerating an at times uncomfortable level of risk and be willing to become a master of many trades. But for those who have some guts, gumption and yes, cash on hand, it can bring lucrat
Read the article →Single-family rental units fill numerous gaps in the Columbus housing market. Not only do they serve low-income families, they also meet the needs of residents who aren’t ready, can’t find, or can’t afford home ownership at this stage of their lives. Moreover, the appeal of a single-family home vers
Read the article →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
