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How to minimize tenant turnover using online property management tools

Housing Wire

Tenant turnover happens when the current tenants move out of a rental property and the property is now vacant and it needs to be prepared for new tenants to move in. Turnover is one of the most costly aspects of the property management business, with the average turnover costing more than two thousand dollars.

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The Week Ahead: Preparing for 2025

Appraisal Buzz

Technological Advancements in Real Estate: A look at emerging technologies with the potential to reshape real estate transactions and property management. Stone also served as Vice Chairman of Metrocities Mortgage, and as Chairman of The Stone Group, an Austin, Texas-based tenant-represented brokerage company.

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Real estate investors say they’ll expand portfolios, make home improvements in 2025

Housing Wire

real estate investors are planning to grow their portfolios and invest significantly in property improvements in 2025, according to a new survey from property management software provider RentRedi. landlords plan to acquire new properties this year. A majority of U.S.

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The significance of data in cultivating long-term customer relationships

Housing Wire

Typically, when someone rents a home, their property management company may suggest (or even require) that they get renters insurance. If done effectively, this is one of the first moments in the renting journey that the property management company can use data to personalize their offerings — but it doesn’t have to stop there.

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Opinion: Many mission-based landlords are at a breaking point

Housing Wire

The pandemic hangover, which has left many tenants straining to make rent, translates to lower rent collections, and in turn less cash flow, for owners. Insurance premiums are up 27.7% Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too.

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What Do Property Management Companies Do? (And How to Vet Them)

The Robert Weiler Company

Owning commercial property is a huge responsibility. Most building owners and multi-family real estate investors don’t realize that property management companies can completely relieve them of the day-to-day administration of property, prospects, and tenants. Property management saves time, money, and hassle.

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Crisis management in real estate: 8 tips for handling difficult situations

Housing Wire

Address other important items, including relevant contact information for support professionals, such as legal counsel, insurance providers and emergency services. Technology is critical when it comes to streamlining communication, managing data, and responding to emergency situations. Even better?