172 articles on property management education, written by the team that manages 700+ rental units across the Columbus metro. Page 5 of 8.
It’s no surprise that 99.9 percent of our lease applicants find us through digital real estate websites. Because an online presence is so important to securing new tenants, you might be wondering if you should also consider amping up your digital marketing to fill vacant units. Read on for some insi
Read the article →You’ve done all the right things to secure a high-quality tenant. You have a great resident in your property who pays their rent on time, is not disruptive and follows the rules. Now, the question is, how do you keep them? Ways to Retain a Resident at Renewal While surprising to some, studies sugges
Read the article →Whether you already own real estate in the greater Columbus area or are from out of state and looking to expand your portfolio, Central Ohio has a lot to offer in terms of boosting your portfolio. As home to one of the largest universities in the country, a strong tech industry and plenty of arts
Read the article →Owning investment properties requires you to put a lot of trust in other people. By extending a lease agreement to a tenant, you are relinquishing some control of what happens in your property and entrusting strangers to take good care of it. It can certainly be a nerve-wracking experience for newbi
Read the article →Real estate is strong and steady. If you’ve been in the industry for some time now, whether as an investor or property manager (or both), and are starting to feel comfortable with the process, you may feel ready to grow (regardless of the economy and interest rates). As you prepare to expand your
Read the article →Spoiler alert, it snows in Columbus. While it may not amount to the same level of snow other areas of the U.S. get, it still can be significant, and it can still significantly affect a property owner’s budget. Per data we’ve collected on multifamily rental property expenses, landscaping and snow re
Read the article →Strong lease agreements are not only good for you as a property owner or landlord, but they also help protect your tenants. Rental lease agreements that are specific and detailed help reduce miscommunication and disputes as well as indicate responsibility for who will handle what in terms of the ren
Read the article →Investing in rental properties is thrilling and dynamic. It also can be a lot of work, especially as your portfolio grows. To be successful with your investment, it can help (though it’s certainly not required) to have a dedicated team managing your properties. While many owners enjoy managing their
Read the article →Property management companies offer a full suite of services, but sometimes even those familiar with how they operate forget or misunderstand exactly what services and responsibilities a property manager handles for owners and investors. In this post, we’ll explain three of the primary activities pr
Read the article →Just as your tenants sign a lease agreement before they begin living in your rental property, so too must you as a property owner sign an agreement with the property management company you’ve selected to work with. This agreement, like all business contracts, should be thorough and specify the terms
Read the article →The real estate industry leans heavily on relationships. Like so many opportunities, it’s not always what you know, but who you know. And to stay in the know, you have to be on social media. How to Elevate Your Social Media Game For investors or property managers interested in expanding their portfo
Read the article →The owner/tenant relationship is a business relationship by nature, and both parties stand to benefit when the relationship is positive. Tenants who feel valued and appreciated are more likely to take good care of the rental unit. They may also be more likely to extend their lease year after year, w
Read the article →They can be cute, cuddly and furriffic, but they also can do a number on your rental properties, so should you or shouldn’t you allow pets in your units? While the choice is completely up to you, the fact of the matter is that more than half of all U.S. households own a pet. Whether
Read the article →Property managers and landlords can use fees as both a carrot and stick approach to tenant behavior. Importantly, however, is that whatever fees you decide to implement at your rental property, be sure they are clearly explained in your lease agreement. No one likes surprises when it comes to fees.
Read the article →As an owner or manager of a rental property, it’s obvious to you who owns what in each of your rental units. But is it just as crystal clear to your tenants? Sometimes yes, sometimes no, but to be sure, it’s best to spell it all out in your lease agreement. A strong lease agreement
Read the article →Managing costs is a huge part of being successful with your rental property investment. Expenses can quickly eat into your profit margins, and if you’re not prepared, they can empty out your reserves in a hurry. With rising costs across the board, record inflation, and discerning tenants who expect
Read the article →Being self-reliant is a good quality. In fact, our cultural ideals are based on the very idea of pulling ourselves up by our bootstraps. But sometimes the best way to become a “self-made” real estate investor is to ask for help. To be clear, help comes in many forms. Sometimes all we need is informa
Read the article →Investors who are dipping their toes in real estate often begin with single family homes. This type of investment property can be a good way to generate passive income (“passive” being a relative term depending on your level of involvement with its property management). Single family properties also
Read the article →Maintaining accurate accounting records is sometimes thought of as a secondary responsibility of owning rental properties but understanding the accounting process is essential to your success (even if you have an accountant to help you out). Not only does it enable you to take advantage of tax benef
Read the article →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 →A free, data-backed rent evaluation using our own portfolio numbers and current market comps.
