Realty Information Systems

Knowledge is a very powerful tool in any business, however when managing property staying up to date in rental trends is essential is staying competitive and profitable. Therefore, below is the summary and key points of Octobers rental data from Rentonomics. National rent index rose by .01 percent over the previous month despite that peak summer rental season is over. Since July the rent index has remained flat and will likely drop over the coming months. Rent growth is curre

Being a landlord or property manager means that you have to wear many hats and take care of many different responsibilities. If you have several employees one aspect that can be particularly difficult is payroll. Payroll can be complicated because it involves not just paying your employees but paying all relevant government taxes. In addition, depending on the size of your rental business you may have to account for benefits, manage time off requests and on-boarding of new em

As a landlord, you may one day be faced with a tempting prospect. A family member or friend needs a rental, and you have a vacancy. As one can imagine there may be cases where this arrangement works out well or cases where it can become a complete disaster. Below are some Pros and Cons of renting to friends or family. Pros It's Easy: If your rental is open and you let a friend or family member rent from you, you don’t have to advertise for the property, get a broker involved

Marketing is an essential piece of managing a rental property. Increasing the exposure of your rental property will help you find quality tenants while keeping vacancies low. The first thing prospective tenants searching for a rental do is look online. With several popular rental listing websites with thousands of rental listings, landlords are going to need to make sure their applying the best marketing practices, so that their rental listing gets noticed. A key feature of t

All around the country, the focus of most developers over the last decade has been in creating luxury residential units that can fetch high rents and have high sales value. For many landlords owning and renting out luxury properties is the dream they are working towards. However, on the opposite end of the spectrum lower-income rental housing is often ignored despite the high-profit potential. Many rental property investors keep away from lower income housing because they fea

Landlords and property managers are entrepreneurs looking to grow and build their businesses, often from scratch. When landlords and property managers are successful and their business grows they will need to adapt to new challenges that arise and an increased workout. However, at some point a decision will need to be made to bring on more staff to manage the increasing workload and new problems that arise. Often landlords or property managers are hesitant to hire more staff

With the new there are new predictions on what trends will impact the rental market in 2018. to Forbes, there are four trends that landlords should keep an eye on and make sure their businesses strategies are aligned with. Rental occupancy is predicted to decline and rent growth is expected to slow Since rental demand in major cities around the country is slowing as the supply of real estate increases with new construction, rental growth is expected to slow down to around 2%

With 2017 coming and going the time to review the past year’s accounting and profits have arrived for thousands of landlords and property managers. Landlords and Property managers will be calculating their balance sheets and analyzing their banking records to look at their revenue and to calculate their profits. Many landlords and property managers will look to see how they can improve their profits in 2018 and will take steps to increase the amount of revenue they collect ev

It may be surprising for many but rentals, are the fastest developing portion of the housing market. According to the Urban Institute, rental units have filled almost all of the housing demand in recent years. Furthermore, single-family rentals, which are either detached homes or townhouses, have increased by 30% in the last three years. Millennials are one of the main factors in the rise in house rentals. Student loans and a reluctance to get a 30-year mortgage are all facto

One of the most important parts of being a successful landlord is the ability to price a rental unit correctly. Pricing a rental too high can lead it to sit vacant costing a landlord thousands of dollars in lost rent. Renting the property at too low of a price can lead a landlord to lose out on important profits that they need to maintain the rental and potentially upgrade it to collect even more rent. Many factors must be considered when trying to price a rental correctly.