sales

Why Property Management is Immune to Social Media

Why Property Management is Immune to Social Media

I recently read an article from Cal Newport on the pitfalls of social media. It is an interesting read that I summarize here in this article, but I think it is instructive to pair his thoughts on social media with the property management industry. Property management, unlike most other businesses, has remained a belly to belly business in every way.

Many of our customers at Latchel do most of their business at networking events, through referral partners, or through word of mouth referrals. Happy customers standing belly to belly, talking to other happy customers. The majority of Latchel’s business comes from referrals. Make customer’s happy, and the benefits will be huge.

How to Move Quickly to Sell Real Estate Investments?

How to Move Quickly to Sell Real Estate Investments?

Projected increasing interest rates have caused buyers to become more cautious in their purchasing choices, and, in many cases, sale cycles are taking more than in previous decades. For that reason, it's important to be tactical in correctly pricing assets for sale to appropriately engage prospective client interest.

The single-tenant net rental category continues to possess the largest transaction velocity and the maximum number of possible buyers looking for a trip to quality. These buyers especially want properties with new building, long-term corporate ensured leases, and internet-resistant tenants in great locations. They're also showing more willingness to get new investments nationally rather than in their local market.

Deal Acquisition Skills for Rookies

Deal Acquisition Skills for Rookies

The most significant abilities and resources in real estate investing are the ones that brand new investors don’t have. These abilities are essential to buy and sell investment properties and for increasing financing.

Understanding how to appraise properties, picking the right software applications to run a productive company, employing help, handling contractors and tenants, and choosing an excellent market to invest in are key skills in real estate. Most investors understand that they need to grow in these abilities.

But, there's also a point where understanding how to write a deal, underwrite a bargain, draw prospects to your site, and deal with the technical aspect of business can come up short. Much more important is the ability to market. Especially, in order to sell and present yourself.

Property Manager Daily Update: Sell Your Home in July and a Legal Q&A

Property Manager Daily Update: Sell Your Home in July and a Legal Q&A

California state law does not require an annual inspection of a smoke detector inside a rented unit; however, the owner is responsible to maintain and test smoke detectors in common stairwells or other common property of the apartment community. Tenants are required to notify the owner of an inoperable smoke detector in their unit.

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