Investor Informational
What is a Cistern?
A cistern is a large container or reservoir used to store water, typically rainwater, for later use. Cisterns can be located above or below ground and are often used in areas where water is scarce or unreliable, or as a way to conserve water. Key Features of a Cistern: Water Collection: Cisterns are commonly used…
Read MoreNAR Settlement 2024: End of Buyer Agent Commission?
In March 2024, the NAR and major national brokerages entered into a billion-dollar settlement with the Sitzer/Burnett plaintiffs. The settlement went into effect on August 17, 2024. Buyer agent commissions are now negotiable. According to Redfin, the typical buyer agent commission has already started declining – down from 2.61% in March to 2.55% in July.…
Read MoreHow Landlords Can Leverage AI to Improve Property Management?
How Landlords Can Leverage AI to Improve Property Management The world of property management is rapidly evolving, and artificial intelligence (AI) is at the forefront of this transformation. As a landlord, incorporating AI into your property management strategy can streamline operations, enhance tenant satisfaction, and boost your bottom line. Here’s how AI can revolutionize the…
Read MoreProperty Management / Real Estate Terms
We often get asked to explain in simple terms, what certain real estate / property management terms mean?! Well here they are!! Abandonment:Tenant vacating a property before lease expiration. Abatement: Reduction or suspension of rent due to issues in the property. Accelerated Depreciation: Quicker property value decrease for tax benefits. Amortization: Gradual repayment of a…
Read MoreEvolving Trends in Property Amenities: Creating Modern Living Experiences
Hello, visionary property owners and real estate enthusiasts! In an era of changing lifestyles and preferences, property amenities have become a key factor in attracting and retaining tenants. In this comprehensive guide, we’ll explore the dynamic world of property amenities, delving into emerging trends, innovative offerings, and strategies to create modern living experiences that set…
Read MoreSmart Home Technology: Elevating Rental Properties into the Future of Living
Greetings, forward-thinking landlords and property enthusiasts! In the era of innovation, smart home technology has emerged as a game-changer in the realm of property management. In this guide, we’ll embark on a journey into the world of smart home tech, exploring its benefits, key features, considerations for implementation, and how it can enhance the tenant…
Read MoreEmbracing Technology in Property Management: Enhancing Efficiency and Tenant Experience
Hello, tech-savvy property owners and landlords! In the ever-evolving landscape of property management, technology has emerged as a powerful tool to streamline operations and elevate tenant experiences. In this comprehensive guide, we’ll dive into the world of technology-driven property management, exploring its benefits, key tools, and strategies to leverage the digital realm for enhanced efficiency…
Read MoreMastering Landlord-Tenant Communication: A Guide to Building Trust and Resolving Issues
Greetings, property enthusiasts and landlords! Effective communication is the cornerstone of successful landlord-tenant relationships. In this comprehensive guide, we’ll delve into the world of landlord-tenant communication, exploring its significance, strategies for fostering positive interactions, and techniques for addressing challenges. Join us as we uncover the art of communication that leads to harmonious partnerships and thriving…
Read MoreTrusts: A Guide to SetUp, Advantages & Disadvantages
Hello there, property enthusiasts and investors! If you’re delving into the realm of real estate, you’re likely well aware of the many tools available to help you manage and protect your assets. One such powerful tool that often gets overlooked is the trust. In this blog, we’re going to dive deep into the world of…
Read MoreMaximizing the 1-Year Builder’s Warranty: A Guide for Homeowners / Investors
Introduction: When purchasing a newly constructed home, one of the most valuable benefits is the 1-year builder’s warranty. This warranty provides coverage for potential defects or issues with the construction of the home during the first year of ownership. As a homeowner, it is essential to understand how to maximize this warranty to ensure that…
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