Page 11 of 14. 328 articles in total.
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 →When it comes to hiring a property management company, you need to trust them. If you don’t trust that they have your best interests at heart, there’s no value in hiring them in the first place. Because it’s central to our business to build trust that we want you to be successful with your
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 →Investing in rental properties can be a good way to earn passive income (though “passive” is certainly a relative term). What gets in the way of any given unit’s earning potential, however, are the inevitable expenses that come with property maintenance and repairs. From the routine upkeep to the mo
Read the article →We’ll be the first to admit that as a business and as individual employees of the company we’re always learning. Certain mistakes, while we’d rather not make them, give us moments of pause and create opportunities for us to continually refine our processes so we are best able to deliver great serv
Read the article →Property owners’ responsibilities are multifold, but an essential one is keeping the rental units they own and manage fully habitable for their residents. When tenants are happy because they live in a great unit, they’re more likely to take good care of the space and renew their lease. In turn, thes
Read the article →In Part 1 on the economics of owning and managing small multifamily units, we discussed the advantages and disadvantages of adding multifamily properties to your investment portfolio. On the whole, we believe this type of rental property generally adds value in terms of ROI and is a smart choice, pr
Read the article →Most people pursue real estate investment opportunities because of the economic returns they can bring, not because they enjoy receiving middle-of-the-night tenant calls. But whether you own one property or 100, you know that each unit’s ROI potential can be impacted by a host of factors, including
Read the article →If there’s one basic rule for marketing and advertising, it’s “go where your people are.” Your people (a.k.a prospective tenants or real estate investors)? Yep, they’re on social media. Whether your goal is to invest in more rental properties or to fill your existing units with high-quality tenants,
Read the article →Small business owners live and breathe what they do. It takes effort and passion to go from “just an idea” into something that has legs all its own, but what about once your business is up and running? How do you pull back on some of the reins, so you’re not constantly stuck with your
Read the article →A property manager is responsible to both you as the property owner, as well as to your tenants. Broadly speaking, property managers are responsible for taking care of the physical rental property itself as well as any of the residents’ needs. More specifically, these responsibilities fall under thr
Read the article →Every day your rental unit sits empty is another day you aren’t generating revenue from it. To reduce this amount of time, you want to be turning over your rental units as quickly and seamlessly as possible between tenants. Create your Turnover Checklist Unit turnover is part art, part science (alth
Read the article →As a business, we’re always learning new ways to refine our processes to best accommodate our clients and their needs, but we’ll admit that working in property management can be a humbling experience, especially during periods of growth. Truth be told, we’ve made our share of mistakes during our com
Read the article →Most people hire a property management company because they don’t have the time, expertise or interest in managing the myriad aspects that come with being a rental property owner. One such aspect that most property owners are more than happy to outsource? Dealing with tenant complaints. Before jumpi
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