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Rental properties, increase revenue

6 Ways to Increase Revenue That you Might be Missing Out On

If you’re wondering how to increase your return on property investment, there’s assuredly something you haven’t tapped into yet. Potential opportunities to increase revenue are often overlooked and rarely maximized.  Whether you’re a veteran landlord with multiple properties or a greenhorn still polishing the management practices on your first, below are ideas that any landlord can apply to bring in up to hundreds of extra dollars every month. OfferRead more
Downsize portfolio

Is it Time to Downsize your Property Portfolio?

Managing a portfolio can take a great deal of effort. On average, you should shoot for at least one manager per 150-200 units to operate efficiently. If your unit per manager ratio is getting too high, then maybe it’s time to downsize. Landlords downsize for many reasons: they decide they want to focus on other business opportunities, they’ve forecast a downward turn in the market, or (most frequently) they’veRead more
Decreasing Apartment Size

Apartment Size is Decreasing: Does it Matter?

As new apartment buildings are built, the units on the inside are changing drastically. Since 2006, the national apartment size average has been slowly decreasing. So far in 2017, the average size of an apartment has been recorded at 889 square feet, which represents a 9% reduction compared to those built in 2006. Surprisingly, even though the amount of space offered to tenants is shrinking, the occupancy rate ofRead more
Backcasting and trend analysis

Backcasting: Analyzing the Past for the Future of Real Estate

You may be unfamiliar with the term backcasting, but if you’ve been in the real estate industry in any way shape or form for even just a month, you’re bound to have heard about real estate cycles. Cycles are evident in every form of real estate – commercial and residential, big and small. Nearly every aspect of real estate is cyclical in some way, whether it’s the price ofRead more
Preventative Maintenance Tools

5 Rental Maintenance Tips For Durable Properties – Part 2

This is the second of a two-part series intended to help you implement preventative maintenance measures. If you missed part one last week, be sure to go back and check out a few more great tips for long-term rental maintenance investment.   4. Improvements For the Most Used Room In Your Rental Property: The Kitchen Making the kitchen resistant to wear and tear is very important in the long run. EasyRead more
Preventative Maintenance Tools

5 Rental Maintenance Tips For Durable Properties – Part 1

This is the first of a two-part series.  For the rest of our excellent tips on long-term rental maintenance investment, check out part two! Let’s face it: Constant maintenance on your rental properties can cost you a lot of time and money. If you’re like most small to mid-sized landlords, owning rental properties is more of a part-time job. That being said, converting your properties to low-maintenance while keepingRead more
1% Investment Rule

Using the 1% Rule When Expanding Your Portfolio

Portfolio expansion is always an exciting time for a landlord or property manager.  New projects, new dollars, and new challenges can be a compelling and tempting proposition.  But it’s crucial to keep perspective in mind: is this a smart investment of my time, money, and energy?  Will this property be an asset capable of leasing and generating steady revenue into the future?  Or a sinkhole I’ll soon regret? BeforeRead more

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