Why You Should Offer Online Rental Payments? What do landlords worry about most? Is it worrying about tenants having a criminal history? Or maybe it’s worrying about appliances breaking and other issues with the property. In a test performed by SmartMove, the aspect landlords worry about most is payment...
If you are going to get involved in investment properties, there’s a lot to think about. Investors need to think about what properties will generate high cash flow and equity. Focus your attention on affordability, growing population, high job growth, etc. Real Estate Property Trends Many real estate investors...
As a property manager, repairs to your rental properties are bound to happen; usually occurring at the worst time imaginable. Those same repairs more than likely will be very costly as well. Some of the costs consist of contractor fees, parts, replacements, etc. Although tenants may not be the fault...
Why to Consider Cash for Keys You have a tenant who is nothing but trouble and you need to get them out; it’s bound to happen to any property owner/manager. Most owners are familiar with the process of eviction and the legal aspects that come along with it. What...
What is a Rental Property? A rental property is a property bought or built with the intention of making money off of it. Profit is made through holding the property and renting it out with a later intent of selling the property after the value of the property has...
If you have a property located close to the local college or university, you could be missing out on a prime rental opportunity. Millions of students each and every year are in search for housing. In a study done by College Board, the percentage of students who live off campus...
As we wrap this year up and head into 2020, it’s a known fact that the need for multifamily housing is incredibly strong and there is an increasingly growing desire for renting as opposed to standard homeownership. So what does that mean for you? In property management, it is important...
Maintenance Issues Buildings and individual houses need ongoing maintenance in structural aspects, plumbing, and electrical systems. Anything can pop up at any time, and repairs have to be attended to immediately to avoid inconveniences to tenants. The best solutions for managing maintenance issues is to have a proper maintenance team...
At the beginning, vacating into new property is exciting for tenants. It’s like acquiring a new vehicle or furniture. Very pleasant at first, but the excitement gradually diminishes with time, as they get used to the property. Ultimately, a tenant begins perceiving you as some huge extortionist who’s persistently making...
Cost Reduction Cost efficiency is arguably one of the biggest benefits of cloud property management software. On the other hand, cloud property software mitigates all of these costs as there’s no need for your own infrastructure. Your data is stored securely in the cloud, saving you thousands in hardware and...
Happy July Friends, This month the SecondKeys team attended an investor mixer hosted by Start Co. at Ciao Bella for the current cohort along with some Alumni companies. While we were guest to the event, watching the new teams at the event has reminded us of our cohort....
Whether you own a few modest properties or an entire complex the goal for every property owner is the same: maximizing your profit. This means keeping a close eye on your expenses and increasing revenue every year. In order to attract high-value tenants, you need to take special care of your properties....
Hey guys, Happy June. SecondKeys attended an event at The Collective and our team member Brad was given a special gift. Today we are honoring him and his accomplishment. The Collective Memphis is a nonprofit black arts organization that Elevates black artists, Empowers black communities, and is Shifting the culture...
Hello, Team! Hope everyone had a great Thanksgiving holiday! Since we last spoke we have made some great process and connections thanks to this community. We've had a good bit of development done over the holidays and we have more planned to come. With the assistance...
The Problem From regular maintenance to emergency repair, home maintenance is a costly and complicated issue for rental properties and HOAs. We've all had a difficult maintenance problem with a rental property. 68% of renters say their reason for leaving a property is poor customer service with a majority...
