The best property management software for small businesses boasts listing syndication, maintenance management, tenant application and screening, and online rent collecting. These tools make managing rental properties more efficient for landlords. Additionally, property management software offers mobile apps with owner and tenant portals, improving accessibility and effectiveness of communication. We assessed dozens of providers to…
Real Estate Investing & Rental Management
How To Become a Property Manager in 6 Steps
A property manager is a lucrative career that is a great alternative to being a real estate agent. To become a property manager, there are several requirements, like being at least 18 years old or older, having a high school diploma or GED, and obtaining your real estate license. However, there are also additional steps,…
How to Buy a Multifamily Property in 10 Steps
Investing in multifamily real estate is a profitable approach for generating cash flow and developing a solid investment portfolio in a single real estate transaction. To learn how to buy a multifamily property, start by identifying your budget. Then, explore property types and communities, select a lender, and calculate profitability. Whether you decide to flip…
6 Best Property Management CRMs
Customer relationship management (CRM) software for property managers helps investors and property managers generate, track, and nurture leads more efficiently. It should also include project management and team collaboration tools that are fitting for small and large property management companies as well as real estate investors. We evaluated many different products to determine the best…
How to Buy a Mobile Home in 8 Steps
Buying a mobile home or buying a trailer home is a great real estate investment for those who want a more cost-effective alternative to buying a traditional home. Depending on its size, condition, and features, it can cost from $10,000 to more than $100,000. Note that mobile homes have specific mortgage and land regulations that…
What Is a Duplex vs Triplex vs Fourplex? A Comprehensive Guide
Duplexes, triplexes, and fourplexes are multi-family residential real estate containing two to four units. They are purchased as owner-occupied homes or for investment purposes. They qualify for conventional and government-backed mortgages with lower interest rates and lower down payments, and carry longer terms. These three properties differ by the number of units—but not necessarily the…
Normal Wear & Tear Versus Property Damage Guide (+ Checklist)
Due to aging and constant use by tenants over time, rental buildings experience normal wear and tear. This differs from tenant-caused property damage, which frequently happens due to carelessness, neglect, or abuse. While landlords must repair regular wear and tear, such as faded paint and dents in walls, they are exempt from paying for damage…
How to Buy an Apartment Complex: Guide for First-time Buyers
Buying an apartment complex provides buyers with the potential to generate reliable monthly income and profit. However, learning how to buy an apartment complex is best for experienced investors because of the time, effort, and money commitment involved. Buying an apartment building includes choosing the type of property to purchase, viewing apartments for sale, and…