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.

Wisconsin Tenant Rights: A Comprehensive Guide for Property Owners

By Chad Gipson September 12, 2023Landlords

As a hotspot for property investment, a remarkable 32.6% of Wisconsin properties are rented out. If you're a landlord in the state, understanding Wisconsin's tenant rights is paramount for a harmonious renting experience. Dive into this guide, which demystifies seven key rights Wisconsin tenants possess.

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.

A New Era of Property Management: Embracing the Hybrid Approach

By Chad Gipson August 29, 2023Landlords, 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.

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.

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.

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.