The opinion in many U.S. markets is that property management services are reserved for out-of-state owners or large investors. However, PMs are valuable whether your owners have one or 100 units.
Recently, we had the pleasure of sitting down with Michelle Horneff-Cohen, President of Property Management Systems, to learn how you can help protect your clients’ investments and ensure them many happy years as a property owner. continue reading
From the desk of your favorite rental tenant:
As Trulia’s audience of renters grows, it’s important for rental agents to take advantage of the easy-to-use free tools to connect with these transaction-ready leads. Before you can close them, you have to get their attention. That process starts with claiming and verifying your listings. continue reading
Every day your rental is vacant, you’re leaving money on the table. But, minimizing the time your property is empty without compromising tenant quality is no easy feat – especially when it’s not peak rental season. Here are 4 tips to help you conquer the vacancy challenge while keeping and attracting the best tenants. continue reading
My landlord is awesome. To anyone who wants to live in the Bay Area, I highly recommend my community. Now, you may be wondering how my landlord got me to publicly promote her so strongly. Well it’s easier than you might think.
With a few small steps, she has built a community that promotes her, gladly pays rent and protects her investment. Take note, because these principles are simple and achievable regardless of your scale. continue reading
With over 70% of the island’s housing stock consisting of for-lease properties, Manhattan is truly a “renter-centric” city; but we’re not alone.
The good news for landlords (and brokers) is there is a renter out there for every type of apartment you can think of from the smallest studio to a 20-room townhouse.
Here are a few tips for listing and marketing high-end listings:
As a former agent in New York City, I know that accurate listing information is critical in getting your properties rented. The rental market moves fast and you don’t have time to waste resolving data issues – whether they’re caused by out-of-date information or by fraudsters. You’re also marketing your rentals in multiple places which makes ensuring data accuracy tricky.
Here are 4 tips to help you prevent bad data on your rental listings: continue reading
Expanding the reach of your business into the rental market has the power to produce big opportunities and other benefits. And one of the best parts about investing in the untapped rental business is that it doesn’t require connections to start out – simply taking the initiative will deliver results. When I moved to New York City, I did not know a single person. Now my business is primarily referral-driven, and with the way technology has advanced, I think it’s even easier than ever to grow a client base in rentals. continue reading
I rely on the major sales-price indexes – Case-Shiller,Federal Housing Finance Agency (FHFA) and CoreLogic – as much as the next guy (or the next housing economist, anyway). They’re essential for understanding where home prices have been going. But they come out between five and eight weeks after each month ends, and the sales prices they report are rooted in asking prices set two or three months earlier. Doing these sales-price indexes right takes time – but buyers, sellers, investors and policymakers need to know what’s happening in the housing market now. continue reading
As real estate agents, at the end of the day, we’re in business to make money, and our bottom lines don’t discriminate. Complaints about the market changes over the past few years just make me shake my head. I like to look at change not as an obstacle, but as an opportunity. For agents, one of the biggest changes is the opportunity to make money in rentals. continue reading