hidden property management fees

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

October 6, 2023Posted inFeatures, 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.
milwaukee-hybrid-property-management

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

September 5, 2023Posted inInvestors, 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.
hybrid-property-management-approach

A New Era of Property Management: Embracing the Hybrid Approach

August 29, 2023Posted inLandlords, Product
In today's fast-paced world, managing rental properties can be a challenging task for individual landlords. From tenant screening to maintenance requests and everything in between, the responsibilities seem endless. Traditionally, landlords have had two options: self-management or hiring a property management service. However, a new approach, known as hybrid management, is gaining traction and combines the best of both worlds. Let's take a closer look at each approach and how hybrid management is revolutionizing the property management landscape.
contractor for rental property

Finding Contractors for Onsite Maintenance: A Guide for Self-Managing Landlords, with a Spotlight on PortfolioBay

August 4, 2023Posted inLandlords, Product
Managing rental properties is a rewarding but often complex task. One of the most challenging aspects of property management is finding reliable contractors for handling onsite maintenance jobs. These tasks can become even more complicated when they arise during unexpected travel or vacation time for a landlord. In this article, we'll explore traditional ways of finding contractors and introduce PortfolioBay, a platform that aims to alleviate the headache of finding onsite contractors, helping self-managing landlords achieve the perfect balance between cash flow and flexibility.
Day off for self-managing landlord

Self-Managing Landlords Gain Lifestyle Flexibility with PortfolioBay: A Comprehensive Solution

August 3, 2023Posted inLandlords, Product
"Being a self-managing landlord can be a rewarding yet challenging journey. From property management tasks, addressing tenant concerns, managing rent collections, to scheduling property maintenance, the workload can sometimes be intense. But with the rise of digital property management solutions, there's hope for more efficiency and flexibility. PortfolioBay, a leading SaaS platform for property management, is revolutionizing the landscape for landlords. It not only simplifies daily operations but also provides options to outsource specific tasks, ensuring that even if you're not available, your properties are in good hands.
long-term vs short-term rental

Profitability Comparison: Long-term vs Short-term Rentals

July 24, 2023Posted inInvestors, 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-manage remotely

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

July 18, 2023Posted inFeatures, 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.
smart rental receipt scanner

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

July 2, 2023Posted inFeatures, 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.
best practice for tenant screening

Best Practices for Tenant Screening: Ensuring Reliable and Responsible Tenants

June 28, 2023Posted inInvestors, 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.