The Real Cost of Property Management: Fees, Hidden Costs, and Alternatives

The Real Cost of Property Management: Fees, Hidden Costs, and Alternatives

By Chad Gipson October 6, 2023Features, Investors, Landlords

Property owners often contemplate whether hiring a property management company is the right decision. While doing so brings a host of benefits, it's essential to understand the range of fees associated with their services. Furthermore, knowing about alternative solutions, such as hybrid property management, can guide property owners toward sustainable profitability and less stress in managing their rentals.

Using PortfolioBay’s Rental Property Calculator: A Comprehensive Guide

By Chad Gipson August 11, 2023Features, Product

PortfolioBay offers the premier rental property calculator for astute property investors. This free and user-friendly tool is designed to swiftly calculate essential financial metrics, providing you with a clear insight into a property's profitability and risk. In this step-by-step guide, we'll show you how to maximize this calculator, interpret each financial metric, and leverage the results to inform your investment decisions.

Top 5 Tips for Successful Remote Self-Management of Rental Properties

By Chad Gipson July 18, 2023Features, Landlords, Product

Managing rental properties remotely can be an exciting and profitable venture, but it comes with its unique set of challenges. Whether you're an experienced landlord expanding your portfolio or a first-time investor exploring new opportunities, effectively managing your rental properties from a distance is crucial for long-term success. In this article, we'll share five top tips to help you streamline your remote self-management approach and ensure smooth operations.

Self-managing with Flexibility: Unlocking the Benefits of PortfolioBay’s On-demand Onsite Service

By Chad Gipson July 12, 2023Features, Investors, Product

For self-managing landlords, overseeing rental properties can be a rewarding venture. However, the challenges of balancing daily management tasks with other commitments can often become overwhelming. That's where PortfolioBay comes into the picture, offering a game-changing solution that empowers landlords to handle their properties effortlessly. In this article, we will explore how self-managing landlords can benefit from PortfolioBay's on-demand onsite service, also known as remote management, which provides a seamless and efficient way to address urgent property issues while being out-of-town or occupied with other responsibilities.

The Importance of Digitizing and Storing Rental Expense Receipts: Exploring The Leading Receipt Scanner for Landlords

By Chad Gipson July 2, 2023Features, Landlords, Product

Managing rental properties involves numerous expenses, and it's crucial for landlords to maintain accurate records of these expenditures. With the advent of digital technology, the process of storing and organizing rental expense receipts has become more efficient. In this article, we will delve into the significance of digitizing and storing receipts and highlight the benefits it offers to landlords. Furthermore, we will examine the features and advantages of PortfolioBay's receipt scanner, a leading tool in the realm of rental management software.

Streamlining Rent Collection: How Landlords Can Save Time and Maximize Financial Returns with Online Payment Solutions

By Chad Gipson June 22, 2023Features, Landlords, Product

In the digital age, technology has revolutionized various aspects of our lives, including the way landlords collect rent. With the availability of online payment solutions, landlords now have the opportunity to streamline their rent collection process, saving time and maximizing their financial returns. In this article, we will explore the benefits of collecting rent online and provide insights into how landlords can take full advantage of this convenient and efficient approach.

You Make Money When You Buy: Streamlining Real Estate Investment Deal Finding with Tools

By Chad Gipson May 31, 2023Features, Product

Real estate investing is a rewarding venture that offers the potential for long-term wealth creation. One common saying among real estate investors is "you make money when you buy." This phrase emphasizes the importance of acquiring properties at favorable prices to maximize returns. In today's digital age, technological advancements have revolutionized the way investors approach deal finding. Tools like PortfolioBay's property finder have emerged, streamlining the process of identifying lucrative investment opportunities. This article explores the concept of making money when you buy in real estate investing and delves into the benefits of leveraging tools to simplify the search for good deals.

How to Find the Best Available Deal on the Market with PortfolioBay’s Property Finder and Deal Calculator

By Chad Gipson May 29, 2023Features, Investors, Landlords, Product

Investing in real estate can be a lucrative endeavor, but finding the right investment property can be a daunting task. Fortunately, PortfolioBay's Property Finder and Deal Calculator provide a powerful solution to simplify the process. In this article, we will guide you through the steps of setting up your search, interpreting the email summary report, and utilizing the Deal Calculator to refine your analysis. By leveraging these tools, you'll gain a competitive edge in identifying and pursuing excellent investment opportunities.

Choosing the Right Business Structure for Rental Properties: Pros and Cons of LLCs, Partnerships, and Trusts

By Chad Gipson April 9, 2023Features, Landlords, Product

When it comes to owning and managing rental properties, investors have a variety of options to choose from. Limited Liability Companies (LLCs), partnerships, and trusts are all popular structures used by property owners, each with its own set of pros and cons. In this article, we'll explore the advantages and disadvantages of each structure to help you determine which one is right for your investment strategy.

black calculator near ballpoint pen on white printed paper

5 Best Accounting Software for Small Landlord in 2023

By Chad Gipson March 20, 2023Features, Landlords, Product

As a small landlord, managing your finances can be a daunting task. You need to keep track of rent payments, expenses, and taxes, while also ensuring that your properties are well-maintained and your tenants are happy. Fortunately, there are several accounting software options available that can help you manage your finances more efficiently. In this article, we will discuss the top accounting software options for small landlords.