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.

Hybrid Property Management in Milwaukee: A Modern Approach to Real Estate Case Study

By Meng Chen September 5, 2023Investors, Landlords, Product

The Milwaukee property market is not new to shifts and changes. As the demands of property owners evolve and technology creates fresh opportunities, there is a new approach to property management that's been gaining traction: the hybrid property management system. This article dives into a case study comparing the hybrid approach to both self-management and traditional property management, specifically within the Milwaukee market.

Profitability Comparison: Long-term vs Short-term Rentals

By Chad Gipson July 24, 2023Investors, Landlords

The real estate market presents several avenues for income, two of the most common being long-term and short-term rentals. Both strategies carry distinct benefits and challenges that can significantly affect their profitability. Understanding these factors can help landlords and investors make informed decisions that align with their financial goals and management style.

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.

Best Practices for Tenant Screening: Ensuring Reliable and Responsible Tenants

By Chad Gipson June 28, 2023Investors, Landlords

Tenant screening is a critical process for landlords and property managers that allows them to select tenants who are reliable, responsible, and financially stable. By implementing best practices for tenant screening during a turnover, property owners can minimize risks, maintain a harmonious rental community, and protect their investment. This article provides an in-depth exploration of the key best practices for tenant screening, including the application process, background and credit checks, employment and income verification, rental history verification, reference checks, interviews, consistent screening criteria, documentation, legal compliance, and the importance of trusting one's instincts.

10 Rental Unit Updates with the Highest Return on Investment

By Chad Gipson June 17, 2023Investors, Landlords, Tenants

When it comes to maximizing the return on investment for rental properties, strategic updates and renovations play a crucial role. By making targeted improvements, landlords can attract quality tenants, increase rental rates, and enhance the overall value of their rental units. In this article, we will explore the top 10 rental unit updates that have consistently shown the highest return on investment, along with some tips for making those updates effectively.

Exploring Landlord-Friendly States: Factors and Examples

By Chad Gipson June 16, 2023Investors, Landlords

When it comes to investing in rental properties, landlords seek states with favorable laws and regulations that protect their rights and provide a conducive environment for their businesses. These landlord-friendly states often offer streamlined eviction processes, strong property rights, and a pro-business climate. In this article, we will delve into the factors that make a state landlord-friendly and highlight some examples of such states.

Landlord Software vs Property Management Software: Why PortfolioBay Stands Out for Self-Managing Real Estate Investors

By Chad Gipson June 15, 2023Investors, Landlords, Product

In the ever-evolving real estate industry, technology has become a valuable asset for landlords and property managers alike. With a wide range of software solutions available, it's important to understand the differences between landlord software and property management software. In this article, we will delve into these distinctions and shed light on why PortfolioBay stands out as the best landlord software for self-managing real estate investors.

Real Estate Syndication: Unlocking Investment Opportunities and Maximizing Returns

By Chad Gipson June 14, 2023Investors

Real estate syndication has emerged as an effective strategy for investors to pool their resources and access lucrative real estate projects that would otherwise be out of reach. By combining capital, expertise, and resources, real estate syndications provide a pathway for individuals to participate in larger-scale investments and diversify their portfolios. In this article, we will explore what real estate syndication is, how it works, the typical deal structure, and the fundamental math involved in underwriting a syndication deal.

Airbnb vs. Long-Term Rental: Exploring Pros, Cons, and Profitability

By Chad Gipson June 13, 2023Investors, Landlords

The decision between running an Airbnb rental or opting for a long-term rental strategy is a crucial consideration for property owners. Both approaches have their unique advantages and disadvantages, as well as varying profitability potential. In this article, we will delve into the pros and cons of Airbnb and long-term rentals and analyze the profitability of each option.