Learning Center

Learning Center

Adding Fees to Increase Rental Revenue

Landlords often use the word “rent” to stand in for their income. But what they really should be saying is “revenue,” because, while rent is typically the primary revenue stream for landlords, there are many other great ways to increase your take home. Your goal should never be to charge tenants unfair fees, but still, there are …

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Implement High-Tech Features to Increase Rent Price

There are a number of ways to increase rent price for your rental properties. Before you begin, it’s critical, however, to understand your market. Basic cosmetic improvements may be the most you can move the rental needle, but that’s not always the case. Particularly if you’re in an area with a high number of Millennial and Generation Z renters, …

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8 Ways Landlords Can Lower Utility Costs

One of the greatest expenses that landlords face is the cost of utilities. Even with tenants paying for heat, water, and electricity, common area utilities are likely still a considerable drain on your monthly income, especially if you have vacancies. The good news is that landlords have a myriad of options when it comes to reducing their …

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Best Rental Listing Sites For Commercial Properties

With the rise of rental listing sites, creating competitive rental listings is a must. Renters scroll right past listings that blend in with the crowd. But sometimes writing the perfect rental listing isn’t enough to lock down applicants for your vacancies. In order to efficiently and effectively reach renters for your commercial properties, your listings …

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How to Reduce Expenses on Your Rental Properties

There are a handful of practical ways to modify your business practices to minimize spending wherever you can. Each of these opportunities is tied to becoming more involved in your properties, so they offer auxiliary benefits beyond reducing spending that will increase the overall health of your business. The overarching advice: start getting your hands …

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Self-Managing Your Properties to Reduce Costs

Property managers are becoming more popular, but they’re also becoming more expensive. Typical fees range from 8 to 10% of rent collected. If you own and manage 10 units each that bring in $1,000 per month in rent, that’s $800 to $1,000 a month in property management charges. Sure, that includes handling minor maintenance, filling …

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How to Create a Tenant Scoring System

There’s no doubt that tenant screening is a crucial part of any property manager’s application process. Screening allows you to find higher quality tenants, avoid bad tenants, reduce turnover, and minimize or even eliminate evictions.  Choosing the best applicant can be hard when you’re reviewing all of their information on an application. To help you break …

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