May through September are typically the months when most tenants seek new apartment homes, with July and August being the highest volume months. Spring’s arrival signals it’s time for property managers to prepare for increased traffic to view vacancies and to commit resources to encourage lease renewal numbers.
The National Cable and Telecommunications Association (NCTA) announced that capabilities for high-speed broadband service is making impressive strides. As of June (2013), almost 93% of US residents had access to high-speed Internet, cable television programming and cable-based home telephone service.
Increasing crime rates near your community may have residents up in arms – literally – seeking better security for their homestead and their loved ones that occupy it. Whether you own or serve as the property management company for a multi-unit housing complex, make residents and homeowners’ safety a priority in 2014 by considering adding a security patrol to your agenda.
Good tenant screening is absolutely essential for successful property management. A few extra hours screening tenants thoroughly can save you days, weeks or even months of headaches down the line. There are many new services available through 2014 that will help you in conducting thorough tenant screenings, and there are some tips that are always relevant.
If you own a rental property near a university or community college, then it’s likely that there’s an abundant pool of students who are looking for off-campus housing. You may have avoided this demographic because for any numbers of reasons, such as their lack of credit history, uncertainty during summer months, and individuality.
Maintenance and repair costs can eat quickly into any landlord’s income, especially first-time landlords that don’t adequately protect themselves. If you’re looking for some ways to reduce your overall maintenance and repair costs, you’ll need to plan things through from the very beginning.
As the owner of rental properties, whether it be one or multiple units, annual inspections are a vital part of the process. Sometimes, you might have a long-term tenant that religiously renews that lease year after year – and you appreciate that. However, unless you employ a property manager to handle daily operations, property upkeep is your responsibility and you’ll need to perform the occasional inspection while a unit is still occupied.
With our co-hosts Grace Hill and Axiometrics, we hosted a fantastic webinar on Student Housing Trends: What’s Hot in 2014. Our presenter Jay Denton, from Axiometrics (leading provider of market data) covered the market analysis of the growing student housing sector and talked about what you can do in your business to capitalize on this fast growing trend.
You’ve likely already considered options like renting by the room with separate contractual leases as a method of attracting student renters. So as property owner, how do you make changes to your property itself that will attract even more of these surefire renters? Here are a few amenities that draw in higher education students.
Whether you’re a busy property owner or an even busier property leasing agent, whenever you can have a time saving tool in your back pocket that simplifies the entire leasing process, how can you say no? We’ve seen great strides in the mobile leasing technology realm from basic online applications to our fully streamlined process that takes you right down to digitally signing and closing the lease on the spot. On the spot lease completion simply lands more tenants for many reasons that we’ll explore.