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What do Renters Want in 2019

What do renters want in 2019? How can you quickly fill vacancies and retain your current tenants? How do you make sure your property stays occupied all year long? Here’s the answer:  it all boils down to giving the tenants what they want. Renters in 2019 Want Technology We recently wrote a whole post on this. What used to be considered an amenity is now often seen as a necessity. Does your...

Things Real Estate Investors Should Watch Out for in 2019

What should real estate investors watch out for in 2019? Like everything else, you’ll find all kinds of opinions from experts. After doing our research, here are the things we believe are most likely to happen this year. Millennials are Becoming Homebuyers The Great Recession’s impact on housing, combined with a growing student loan crisis, have made it difficult for millenials to purchase homes...

TWiRP – January 14, 2017

Year of the Renter With more vacancies due to renters being unwilling or even unable to pay higher amounts of money, property owners are scrambling to find ways to attract new tenants while keeping their current tenants hooked in. That’s why they’re calling this “the year of the renter.” Do you agree? 10 Hottest Housing Markets for 2017 Looking to invest in real estate...

How to Screen Residential Property Managers

Choosing the right residential property managers for your business is one of the most important things you’ll ever do. Even though it takes a significant time investment, it’s more than worth it in the long run. Think about it- these are the people that will: Market your property’s vacancies Screen potential tenants Collect rent Deal with most maintenance issues Handle tenant...

TWiRP – January 7, 2017

Opinions On This Year’s Market Head-to-Head Some believe 2017 will mimic 2016’s slower patterns, while others aren’t so optimistic. What are your thoughts? Millennials’ Domination of the Market Expanding Once again, millennials seem to be dominating the market, but not just in rentals. The myth that millennials only want to rent is being disproved as we see them now...

TWiRP – December 31, 2016

A Growing Number of Millennials Are Entering the Housing Market Studies show that millennials (people ages 18-35) are making up an increasing share of the home buying market, particularly in suburban areas. A survey shows that 65% of the respondents are renting because of cost and financial circumstances. However, more of these millennials are starting families. Although 65% of this group is...

How to Start a Property Management Business

There are a lot of people out there right now trying to learn how to start a property management business. For some, it’s to provide a little bit of extra spending money. Others are looking to transition into a new career, and some just want to diversify their skills if their job is unstable. Whatever the reason, the strategy should be the same. This article will outline a basic (but...

TWiRP – December 24th, 2016

SLO Rental Inspections Under Fire The newly elected City Council in San Luis Obispo, California, are throwing darts at the rental housing inspection ordinance, in which rental homes are subject to routine city inspections on a three-year cycle to ensure they conform to health and safety codes. The policy was created because of concerns about dilapidated rentals, particularly in neighborhoods with...

A Few Skills All Property Management Experts Should Have

Let’s face it- the term “property management experts” is kinda vague. One person may consider a property manager an expert just because they have 2-3 years of experience. Others are of the mindset that a much more extensive time frame, such as 10-15 years, is necessary. Either way, there are a few key components that every great real estate manager should be able to do well...

6 Useful Property Management Websites to Learn More About the Industry

The team wanted to share a few useful property management websites with a lot of great information on the industry. They have everything from certifications and education to local events and news. Whether you’re new to property management or you’ve been in the field for a while and just want to learn more, these sites will help. Property Management Website #1: Property Management...

TWiRP – December 17th, 2016

Federal Reserve Hikes Rates The Federal Reserve bumped rates by 25 basis points to between 0.50% and 0.75%, and are guided toward more rate hikes in the year 2017. Real estate economists are predicting a modest increase in home sale growth, but not as much as 2016. A mixture of caution and enthusiasm are advised in taking on the new year. Read about it in detail HERE.   Budget Friendly DIY...

Benefits To Green-Certifying Your Rental Property

Is green-certifying your rental property worth it? That’s the question many property owners and developers ask themselves when it comes to their rental properties. Getting your rental property certified might seem daunting. However, you might be surprised to learn that 54 percent of multifamily builders are choosing to build 15 percent or more of their properties green — and that percentage is...

Apartment Management Software Nightmares – Here’s How to Avoid Them

Apartment management software is supposed to make your job easier, right? The whole point is to help you schedule maintenance tasks, collect rent, check on work orders, communicate with investors, etc. But it doesn’t always work so well. Here are a few examples of things that can go wrong if you go with the wrong provider. Apartment Management Software Messes Up the Rent Payments  ...

TWiRP- December 3rd, 2016

Climate Change Could Swamp East Coast Real Estate Rising sea levels are changing the way people think about waterfront real estate. Over the past five years, home sales in flood-prone areas grew about 25 percent. This has made state lawmakers in Massachusetts and New Jersey to begin pushing to impose new rules on real estate agents and others, obligating them to disclose climate-related damage...

Property Maintenance Companies – Do You Really Need Them?

Investigating property maintenance companies is something every landlord and property manager has to deal with at one point or another. Unless you’re large enough that you have an in-house crew, you’ll need to call on the experts to help with both minor and major issues now and again. But some people- especially DIY landlords- are reluctant to make the investment. They don’t see...

Airbnb Nightmares

Thinking about converting that long-term rental into a short-term Airbnb?  Or even considering a new investment for this purpose?  You might want to think twice if everything on the other end of the pond is looking to be peaches and roses.  Because that’s far from the truth. In addition to the fact that short-term rentals are an entirely different business model, requiring constant cleaning...

5 Reasons Why Realty Management Will Never Go Away

A great realty management company is one of an investor’s most important assets. Even though the real estate itself is great, it’s a great management company that makes the investment worth it. The reasons why are the exact same reasons why this industry will never go away. Even though things like rental property management software does make a property manager’s job easier, you...

TWiRP – November 19, 2016

How Trump’s Presidency Could Impact Real Estate Markets After the recent election investors are curious about how Trump’s Presidency will affect real estate. Based on his current values there will no doubt be a short-term stimulus to the economy. A combination of tax cuts and government spending in the form of upgrading nation’s infrastructure and for national defense will provide a...

Looking for Rental Management Companies? Keep These Things in Mind

Let’s face it- there are a lot of rental management companies out there. Some are just 1-2 people deep, while the larger companies have hundreds of employees. Trying to decide which one to hire can be frustrating. There are tons of things to consider, from cost and experience to location and certifications. This is especially true if you’ve never hired one before and are hesitant...

TWiRP- November 12, 2016

How a 28-Year-Old Plans to Upend the $81 Trillion Global Real Estate Investment Market In 2014 Ryan Williams founded Cadre now, Williams and friend, alongside a slew of a-list investors who have plowed $68.3 million into Cadre. Today, Cadre is an invitation-only platform that directly connects high-net-worth and institutional investors to commercial and multi-family real estate deals. This idea...

TWiRP – November 5, 2016

How is Innovation and Technology affecting the Real Estate Industry The MIT Real Estate Innovation Lab explores three areas: innovations in building design that lead to new building types; new processes in construction such as 3-D printing and modular construction; and new data technologies with the potential to transform the organization of cities. These kind of advancements have allowed venture...

5 Alarming Signs of a Damaged Water Line

As a landlord or property owner; it’s your responsibility to ensure that everything in your property is operating smoothly. One of the most important parts of any house is the plumbing system — particularly the water lines. Some house owner’s often forget to have their pipes renewed. Failure to replace an aging or damaged pipe will lead to leaky pipelines or worse: flooding from a busted water...

TWiRP – October 29, 2016

Cannabis starting to affect Real Estate Market The first-ever cannabis REIT filed to go public last week and is in talks to acquire its first property in New York state for $30 million.  As the appetite for cannabis grows, so can the profits for the REIT, which will collect rent as well as benefit from increasing property values. Cannabis has already dramatically boosted the warehouse business in...

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