When adding amenities and upgrades to older properties, it’s important to think through each step of the project in advance. Not every owner does so, and this can lead to unintended consequences. In-unit washer and dryer hookups, for example, appeal to a higher demographic and can be a great upgrade…

The allure of real estate investing is easy to grasp: It offers residual income, price appreciation, and the safety of owning a hard asset. I grew up living in a rental home and remember thinking how lucky my landlord was to get money every month without having to do anything ! In an effort to…

Those accomplishing high levels of success think differently. Successful, wealthy people have distinctly different beliefs that separate them and their finances from everyone else. What are some of those mindsets and beliefs? Here’s a few I have picked up from studying these individuals. 1. They see…

Abundant job opportunities, safe neighborhoods, walkable streets and green parks to throw a ball around have made Stamford a Millennial magnet. If you spend even a short time in Stamford you will see why it’s easy to fall in love with the city and contemplate whether to move there. By the time you…

[Editor’s note: The following is meant for informational purposes and is not legal advice. For information pertaining to your specific legal situation, please be sure to consult your attorney.] Real estate asset protection is a favorite strategy used by rich real estate investors. The rich don’t…

Most people have heard that it costs five times as much to get a new customer as it does to keep an old one. Along this line of thought, Invesp has an interesting infographic that’s worth checking out. It highlights research done on the effectiveness and cost of customer retention versus customer…

“…if your house is your largest investment, you’re in trouble.” —Robert Kiyosaki My household has finite income. It turns out this is a common problem. When you have a limited amount of money coming in each paycheck, it can be very easy to have conflicting financial goals. My wife and I find…

Buildium Free Trial Buy now Blog Accounting & Bookkeeping Buildium Software News Growing Your Business Industry News & Events Legal Concerns Maintaining Your Properties Resident Retention Tech & Sustainability The property manager’s pool safety checklist: 16 must-read tips Maintaining Your…

Orlando is home to a population of about 2,400,000 residents, making it the 24th largest Metropolitan area city in the United States and the third largest metropolitan area in Florida itself. Although the city of Orlando was nicknamed “The City Beautiful” it is best known for being the theme park…

If you have listened to any of the 200+ BiggerPockets Podcast episodes , you have heard the famous question, “What sets apart successful real estate investors from those who fail, quit, or never get started?” This question is asked to every guest on the podcast, of which many if not all are in fact…

Early on in my real estate investing career, one of my goals was to buy one rental property a year. I used to dream about having them all paid off, free and clear, by retirement. Keep in mind that this was at age 29, just after I passed my real estate exam and bought my first investment property. My…

By this point, the majority of us know what house hacking is. It is the idea of purchasing a multiunit property, living in one unit and renting the other. This is one of the best strategies for getting started in real estate while significantly reducing your living expenses. What if I told you that…

I’ve often wondered philosophically about discrepancies in human ability. Human beings are inherently different in many ways. We differ first and most obviously in our physical strength, stamina, height, and weight—our physicality. We are also different in our ability to think, reason, and judge—our…

In today’s competitive market, property managers are always looking for new ways to attract new tenants and gain an edge over their competition. Recent research shows that renters not only want technology to be a part of their renting experience—they expect it. Consequently, technology gives…

I am repeatedly asked these two questions: How do I close my first deal? How do I find a mentor ? Since wholesaling is always taught as the best way to get started, people believe that it’s the easiest way to get started. This is not true, as proven by the above two frequently asked questions. Like…

When you think of Reno, Nevada, chances are that “family friendly” is not the first thing that comes to mind. Surprisingly? Amidst all the casinos, the Johnny Cash songs, and the vibrant nightlife, Reno has a lot to offer that makes it a perfect home for families. Though you probably won’t see many…

We include a General Information Questionnaire in our tenant application to learn a bit more about applicants beyond the basic pieces of information. In this section, you are asking questions about the applicant’s life to determine their responsibility and further determine their candidacy for…

In 2015, property managers and landlords in New York City expressed outrage after the Rent Guidelines Board (RGB) voted to freeze one-year lease increases on more than 1.2 million rent-stabilized apartments. Never in the history of the board had the RGB failed to authorize at least a marginal…

July 25, 2017 SHARE NEW YORK, NY – (July 24, 2017) – Updater, the leading provider of relocation technology, today announced the appointment of Chris Avery as Vice President of Real Estate. Chris, an established sales and business development professional, will be the key driver of Updater’s sales…

If ogling Mid-Century Modern homes happens to be your thing, you're in luck. The pristine Asher House in Sherman Oaks, CA, was recently up for lease, at a price worthy of its esteemed heritage. How much? Try $10,000 a month. A deep-pocketed tenant recently sealed the deal to occupy this…

I proudly served 22 exciting years in the Air Force as a calibration technician and laboratory auditor. It provided some of the best experiences in my life. Still, halfway through my career, real estate became more attractive than my military education and training. I began to purchase homes as I…

Buildium Free Trial Buy now Blog Accounting & Bookkeeping Buildium Software News Growing Your Business Industry News & Events Legal Concerns Maintaining Your Properties Resident Retention Tech & Sustainability This week in property management news: July 24, 2017 Industry News & Events A majority of…

When it comes to promoting your moving company, the most successful tool in your toolbox is likely word-of-mouth. Without the right marketing tools, however, great service and reputation can often go unnoticed. You take great pride in your company, and it pays off – so, your awesome reviews deserve…

Over the past four years, I have established my reputation. There are many ways I’ve done this, but there is one key component that I’ve always stuck by, which has enabled me to have an awesome reputation without anyone throwing dirt on my name. Before we get started, I want to tell you this: Real…

Need to upgrade a rental unit on budget ? Here are 13 improvements landlords can make for under $500 each. 1. Paint You may not be able to paint a whole house for $500, but you can enhance key rooms and create accent walls. Trending colors this year may include grays, beiges, greens, and pinks. 2.…

As a new investor, I lost a stunning amount of money on low-end properties. On paper, the numbers look gorgeous: “I can charge $1,000 in rent for a $30,000 property?! What can go wrong?” A lot, it turns out. But these costs are not always obvious, and even when they are, they’re not always…