Periodically increasing rental rates is necessary to keep your real estate investments profitable. However, this is a tricky process that requires good business skills, good relationship skills, and knowledge of current market conditions and legal requirements.
How to Handle Rent Increases in a Multi-Family Building
The Best Way to Prepare for Property Incidents
As part of the commercial real estate industry, you have probably heard the term “risk management” a lot. What you might not be aware of, though, is how frequently and unpredictably incidents can happen on your property. In fact, the services, wholesale, and retail industries are responsible for 60% of slip and fall accidents. These accidents frequently occur in areas such as:
6 Property Management Tools You Didn't Know Existed
Being a property management professional means being a jack-of-all-trades. However, instead of being a master of none, you have to be a master of all. Quite the challenge, huh?