Whether they’re looking to further invest in their growing real estate empire or simply trying to increase their take-home pay, property owners are always looking for ways to increase the profit they draw from their properties. The most obvious way to increase profit is to increase revenue, and a common way to increase revenue is to …
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5 Benefits of Listing Syndication Software
Successful internet marketing is essential to the operation of any real estate business. As you likely well know, vacancies are expensive. The best way to fill an empty unit is to market proactively and effectively. The quicker your vacancy is filled, the healthier your cash flow will be. Listing syndication software could be the answer. There are …
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3 Ways to Monetize Your Land and Maximize Real Estate Revenue
Real estate is more than the building that sits on it. Sure, most of your revenue will come from renting residences and commercial spaces to tenants, but the land you own can be a source of revenue itself. Below, we break down three ways to maximize the revenue your real estate investment produces by monetizing …
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How to Lower Financing Expenses as a Real Estate Investor
Mortgage + insurance + taxes. If, like a lot of landlords, you’ve set up escrow, these charges come out of your account every month. You probably don’t think much about them and as a result, they can feel immutable. But trust us, they’re not, and finding ways to lower any of the three can have …
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Legal Issues Regarding Rent Collection Through Autopay
If you are just getting into property management or you are looking to go digital with your business’s processes, then undoubtedly, you’ve explored options, and you may be wondering if autopay is the way to go. Whether autopay is right for your business depends on where you manage properties, how you like to operate, and the types of tenants you currently have or would like …
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How to Create the Perfect Listing
In the age of the internet, writing a high-quality listing for your vacant property could make all the difference in the world. According to the National Association of Realtors, online listings are the first place prospective buyers and renters look when searching for a new home. Having the perfect listing could make your property the one they stop …
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How to Lower Tenant Turnover
Vacancies are an expense no landlord can afford. The longer a unit sits empty, the more money you lose. In order to reduce vacancies, your best bet is to lower tenant turnover. Avoiding vacancy isn’t the only benefit of minimizing turnover, though. Replacing tenants right after one leaves can be a costly expense. To do …
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5 Benefits of Screening Tenants
It’s difficult to tell whether an applicant is as reliable as they seem. Oftentimes, their stories are just too good to be true. In order to find quality tenants and be assured that they are who they say they are, you must conduct thorough tenant screening. A rigorous screening process should include : A credit …
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What to Look for When Choosing Rent Collection Software
If you aren’t using rent collection software yet, now is the time to switch. It may seem overwhelming entering the world of online rent collection, but it’s certainly worth the trouble — and it’s not as bad as it may seem. Rent collection software has the sole purpose of making your job easier. Tenants can …
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What Landlords Should Know About Online Payment Fraud
Getting scammed by a fraudster is, at best, infuriating, and at worst, terrifying. Let’s be honest: If you get scammed in the course of doing business, the consequences could be devastating. Unfortunately, while fraud can be scary stuff, it’s a part of the reality of doing business, and it’s something everyone deals with on some …
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