RHJ Blog

The Rental Housing Journal blog features thought provoking information and opinions on the multifamily property management and real estate investing industries. RHJ staff editorial, multifamily executives, top real estate investors, and real world industry subject matter experts share best practices, trends and news about investing in real estate, managing apartments, being a Do-It-Yourself landlord, multifamily technology, apartment marketing, Fair Housing and landlord - tenant law, flipping houses, advancing your career in property management, how to market and sell to property managers and real estate investors, new products and services for property managers, financing investment properties, where to find good tenants, how to hire great property management employees, how to choose vendors, best practices in property maintenance and much more.

real estate investing property management blog
Fri
11
Mar
admin's picture

REI2Day: Millennials, Flipping Houses, Mortgages and Multifamily Construction

real estate news round up

The Real Estate Investing Today “Weekly Roundup”

Millennials continue to make their mark on society.  Find out the top 5 ways they’re disrupting industries and then learn where the top 30 “hipster” zip codes are for profitable home flips.

While we’re talking about flipping, check out this week’s infographic featuring the 5 habits of highly profitable home flippers.

Fri
11
Mar
admin's picture

Pros and Cons of Renting to College Students

Renting to college students

Renting to college students is a step you have to consider very carefully before actually taking it. Having a college town property may turn out to be a great investment if you find the perfect tenants for it. Otherwise, you may deeply regret that you haven’t purchased a house somewhere far away. Read below to find the biggest advantages and downsides of being a landlord to college students:

CONS:

Thu
10
Mar
Will Johnson's picture

How to Choose the Right Vendors for your Property Management or Real Estate Investment Business.

How to choose a property management vendor

Whether you’re an independent real estate investor or a property manager overseeing the day to day operations of another apartment owner’s property, there are going to be situations where you need to hire a vendor to help you.  It starts with where to market your vacancies and continues on through the tenant screening process to leasing to property maintenance to evictions and apartment turns, back to marketing – and many things in between.

You’re only as good as the people who work for you, and quite often those people are not your employees, but the vendors you outsource to.  Therefore, it’s critical that you hire the right companies to assist you in your business.

Identify Your Needs

Fri
04
Mar
Jenny Johnson's picture

6 Tips For Preparing Your Home Or Investment Property To Sell For Top Dollar

Best Portland Real Estate Brokers

Invest in a Great Real Estate Broker.

A great real estate broker is paramount to getting the most value out of selling your home or rental property.  It is important to find an agent who you can trust and that has experience selling property in the neighborhood and market segment where your property resides.  Look for someone who is detailed and honest with you about what the selling points of your property should be, and where the areas of concern and improvement come in to play.  Yes, brokers cost money, but a great broker will more than cover their fees by delivering top quality service and fetching top dollar for your property.

Create a Plan

Thu
03
Mar
EllenCalmas's picture

How Smart Use of Data Reporting Helps Communities Profit

rental housing data

The Rental Housing industry uses data at the beginning and end of the resident lifecycle though not typically throughout the entire term of the lease. With the majority of attention paid to data before the lease is even signed, professionally managed property companies employ standardized screening for all applicants to ensure they are meeting Fair Housing requirements while also attempting to reduce the risk of moving in problematic residents who may have a criminal, bad credit or poor rental history. Data also comes into play at the end of a lease when many companies evaluate resident payment performance in hopes of seeing timely rent delivery before offering renewal terms. Though not a common practice, some companies even incur the expense of an updated screening report to add to their data review in determining renewal terms.

Wed
24
Feb
Will Johnson's picture

5 Ways to Become a Better Property Manager

how to be a better property manager

How to Be a Better Property Manager Everyday.

Early in my career I worked for a large recruiting & staffing firm. My sales manager, who was about my age, was the typical company man. He dressed sharp, drove a nice car, constantly smiled, was awkwardly positive about any situation, and was a never ending fountain of motivational quotes -- a budding young Zig Ziglar or Tom Hopkins.

As cheesy as that may sound, I still regularly quote some of his gems with my own staff. One such quote is “If you’re the best you’ll ever be, you can’t work here.” Simply put, if you really want to achieve continued success, you must continually improve yourself and hone your skills.

Stay Educated on the Law

Wed
24
Feb
Kristin Flores's picture

Basic Design Tips for Realtors and Property Managers

graphic design tips for realtors and property managers

Basic Design Tips for Realtors and Property Managers

 

Mon
22
Feb
admin's picture

Never Underestimate the Importance of Screening

tenant screening

It has been said many times before, but it’s worth repeating; there’s simply nothing more important in property management than quality tenant screening.

It’s is better to leave a unit vacant than to let in a bad tenant. Such tenant’s will likely require you to evict them and incur all the costs of an eviction as well as the lost rent of not being able to lease the unit to someone else.

And, that doesn’t even include the damage a tenant can do to a property. If you don’t think a bad tenant can do upwards of $10,000 in damages, let me assure you that they can. I have seen it happen more than once.

Mon
22
Feb
admin's picture

5 Mistakes Beginning Multifamily Investors Make

5 Mistakes Beginning Multifamily Investors Make

Being a real estate investor sounds sexy.

Jetting down to look at properties, lunches with brokers, the art of coming to terms with the seller, these are all part of the glamorous part of the deal process.

Many investors fail because they fail to adhere to several hard and fast rules that I’ll set down in a bit. By not sticking to these tenants, you will be distracted or even worse miss a crucial element of a deal you’re looking at.

Here are some of the tricks that we play on ourselves that often backfire: Clear goals. Sounds basic, yes? You would not believe how many investors have a vague and romantic notion of real estate but have not taken the time to come up with a crystal clear plan of action.

Wed
17
Feb
Will Johnson's picture

5 Renovations That Will Increase Rent and Add Value to Your Rental Property

5 Renovations That Will Increase Rent and Add Value to Your Rental Property

5 Renovations That Will Increase Rent and Add Value to your Rental Property

 

As property managers and real estate investors, we view our rental properties as a business. Whether we own or manage rental homes or apartments, we make our decisions based on what we think is best for our bottom line in the long t-term, the short term or both. More often than not, this includes doing everything we can to limit expenditures, while trying to increase rent as much as we can to gain maximum profitability.

 

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