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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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Fannie Mae expands voucher program for multifamily landlords

Housing Wire

without source-of-income protections (provided their property is not already legally required to accept the vouchers and that at least 40% of the units are affordable or considered “small area fair market rents”). Fannie said that about 30% of voucher holders are unable to find housing that accepts their vouchers as income.

Landlords 463
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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. Labor costs for property management have increased nearly 50% in some markets, and security needs and costs have risen, too. Rising operating costs add to the pressure.

Landlords 401
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NAR partners with RentRedi for benefits program

Housing Wire

RentRedi will now offer NAR members a subscription to its property management platform at a rate of $1 for the first six months. The platform provides tools for both landlords and renters, which the company said is designed to automate and streamline the management process. “As

Landlords 392
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DataDigest: New data shows how brokerages, agents, landlords & homebuilders were reshaped by the pandemic

Housing Wire

Business Dynamic Statistics data reveal that 2021 was a year of major growth for homebuilders but steep contraction for landlords (called “lessors” in the BDS). Lessors The picture was far less rosy for real estate lessors (typically landlords and real estate investment trusts ) in 2021.

Landlords 438
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Till raises $8 million in seed funding for flexible rent platform

Housing Wire

The company partners with institutional landlords, who then offer it to their tenants. So far, the platform has been rolled out to 170 properties comprising 30,000 units in 14 states with 30% renter adoption. “At Till launched the analytics-driven platform in April with the goal of reducing evictions by as much as 50 percent.

Landlords 455
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Rental Property Management Tips: Renewal Incentives Tenants Actually Want

McKissock

Quality tenants—those who pay on time, take care of the property, and follow the rules of their lease—are a rental property manager ‘s dream. After all, finding new tenants is expensive and time-consuming. Having a bad tenant is bad. Having no tenant is unacceptable,” says M.