Blogs

The property management industry has become increasingly remunerative in the past few years. Research suggests that the property management industry was valued at around $14 Billion in U.A.E alone, in the year 2020 and is expected to demonstrate a CAGR of 10.8% in the coming years. But real estate is not easy money, and owning a property and operating a successful property management business is a whole new ballgame.   To run a property management firm like no...

Millennials are people who were born between the years of 1980-1997 and they are one of the biggest generation groups that now make up the largest demographic of home buyers.   Millennial home buyers entering the housing markets creates new challenges for a realtor. While some of the things that Millennials look for in their dream house are same as their parents, they also want added elements that previous generations never did. They are doing away with m...

It is often much easier to gauge rental income, there are a lot of market comparable, supply and demand, performance reports readily available to help get an accurate idea of how much rental income you will receive each year. Estimating expenses, is where it gets harder for landlords simply because there are a number of variables to factor in. Having an efficient system in place is imperative for recording rental income and expenses. This includes major expenses such as mortage, ...

Investment properties are often an exciting venture to dip one's toes in as they can be very rewarding if the right choices are made. Most people look for residential rental properties to boost their investments but, keeping income and benefits aside, real estate is a tricky domain. There are a few questions that run through the mind of a first-time landlord like, how to recognize a good rental property, how to steer clear from a bad rental property, the neighborhood, property rat...

Since Property Management comes with a huge multitude of tasks, owners might think of hiring a property management company to handle this burden so that they can focus on managing core business functions. At times however, it might not be smooth sailing and tensions may arise between owners and the property management team when expectations are not met. This may cause owners to end up rethinking about the need to hire a property management team. Thus, for a property management comp...

Every Property Management company is in a constant pursuit to cut costs, increase profits, and tenant satisfaction. With the high competition, demands, and expectations from tenants, many property management professionals find it challenging to lower operating costs. How about using property or community management software? Again, an increase in cost! Well, you are wrong! Investing in property management software can save a significant amount of cost, increase operational effici...