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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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30 January 2025 | 8 replies
Anything that involves a load bearing wall will generally need an architect IME, but it can also be required (maybe indirectly) through the jurisdiction's building code/enforcement.Got it, thank you for lending your expertise!
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28 January 2025 | 22 replies
Aim for 720+ for best rates, I suggest start building relationships with your local lenders.
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28 January 2025 | 7 replies
Looking for building from 1950-2010 anywhere from 10-100 units.
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1 February 2025 | 51 replies
If you want to build your portfolio and its a property that is already making money, why would you want to sell it?
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9 February 2025 | 15 replies
Hey GaryI manage about 65 units in FL and I broker for STR buyers in this market, and some do self manage.Obviously the ones who choose us for management, we can assist with all of those items, but the ones who self manage do so by building a team.
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30 January 2025 | 12 replies
You are doing the right thing to build relationships first!
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6 February 2025 | 42 replies
It would be worth quite a bit more now, prices in the area have gone up since the announcement of Micron building down the road.
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29 January 2025 | 11 replies
Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals.
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31 January 2025 | 8 replies
If you want to build out a portfolio of multi-family rentals that cash flow to the point of not having a W2, that's one thing.