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5 February 2025 | 8 replies
1) don’t forget, in LA you will have a VERY hard time raising rents more than 9% per year.
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6 February 2025 | 3 replies
What are your thoughts on the chances of 100% depreciation will be re-instated with Trump back in office?
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4 February 2025 | 2 replies
Make sure they feel heard and assure them you will do in your power what you can do to make sure they are safe.
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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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8 February 2025 | 21 replies
There will be fluctuations on rents and much of it is property and timing dependent and not necessarily market dependent.
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10 February 2025 | 9 replies
I've been lucky to meet more interesting and experienced people who are willing to pick up the phone when I have questions and work together with me.
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26 February 2025 | 10 replies
There's a 38 unit fully renovated likely willing to sell at over a 7 cap.
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6 February 2025 | 0 replies
This will help attract more business to the state, keep it coming!
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4 February 2025 | 7 replies
You will also discover the warranties don't cover as much as you think, and claims are often denied.Home warranties are so bad that most professional property managers will not manage a property with one in place.
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6 February 2025 | 2 replies
Will this affect anything?