Residents fail to renew their leases for particular reasons, but some are more common than others | Resident First Focus
16 Insightful Questions Property Managers Should Ask Every Prospective Resident | Resident First Focus
For example, in 1987, there was no computerized Multiple Listing System (MLS). Couples would actually come into the office to get pre-qualified for a loan, and then they would look in a picture book, several inches thick, that got dropped off at the office every two weeks.
This article is targeted at the Jr. Operator. For real estate investors and entrepreneurs, one thing remains constant: change.
New technology is providing a whole range of new capabilities and ways to communicate. Getting ahead of this curve can provide huge advantages.
Here are two undeniable truths:
- Commercial real estate has built many investors’ fortunes throughout history, and
- Technology is changing the world at a faster pace than eve
Architects now design “Uber drop-off lanes” at properties to accommodate the traffic, close to the communities’ front entrance. “We believe in Uber-oriented development,”
If you own any multifamily property, you probably would agree that investing in this type of real estate vehicle is more of a “marathon” than a “sprint.”
Residents are the lifeblood of the Property Management business. Keeping them satisfied is key to retention because after all, they are our Business Partners. But as Property Managers, we don’t want just anyone as our Residents/Business partners.
VALET TRASH: A TRENDY WAY TO ENHANCE COMMUNITY CASH FLOW
"We're Your Partners In Profit"
ENHANCE YOUR COMMUNITIES ASSET VALUE
Whether you have a Duplex, Quadplex or Apartment Community, Residents, on the other hand, are not so cute. Mr. Furley didn't play “catch me if you can” with a tenant’s rent, and neither should you.
Multifamily Works Well in Most Markets. Perhaps most importantly, multifamily works in my market. Not every market is going to be conducive to every kind of investing
Are you curious about how you would go about analyzing the financial details of the property you are considering buying?