All Property Management Articles - Page 2

AppFolio vs Yardi: Price, Features & What’s Best in 2019

By Melanie Patterson on October 11, 2019 | Property Management, Real Estate Investing, Versus | Comments (0)

We compared property management software rivals AppFolio vs Yardi on price, features, and customer reviews. AppFolio is ideal for investors of small to mid-sized portfolios who want a simple, easy-to-use platform. Yardi is best for larger portfolios that need a web-based platform for operations management, executing leases, running analytics, and accounting. When to Use AppFolio…

Buildium vs Appfolio: Price, Features & What’s Best in 2019

By Melanie Patterson on October 11, 2019 | Property Management, Real Estate Investing, Versus | Comments (0)

Buildium vs Appfolio: These rival online property management software are for managers of small and large portfolios comprised of residential, student, commercial, or community housing. Pricing is based on numbers of units with some differences once a user reaches a certain number of units. Buildium starts at $47, while Appfolio starts at $250. When to…

What a Mortgage Prepayment Penalty Is and Who Has to Pay

By Melanie Patterson on October 4, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Prepayment penalties are fees some lenders charge borrowers who pay off their loans early, refinance, or pay a substantial portion. In 2014, prepayment penalties became restricted from residential loans on owner-occupied property, with some exceptions. Prepayment penalties are sometimes charged as a percent of the loan balance starting at 3% and declining over three years….

11 Best Tenant Screening Services 2019

By Melanie Patterson on October 1, 2019 | Buyer's Guide, Property Management, Real Estate Investing | Comments (32)

Tenant screening services are used by landlords, property managers, and real estate agents to assess potential tenants and perform tenant background checks. We reviewed more than 20 online tenant screening services and identified the top 11 based on features and affordability for landlords. Top 11 Tenant Screening Services Which Tenant Screening Service is Right for…

Cozy vs TenantCloud: Price, Features & What’s Best in 2019

By Melanie Patterson on October 1, 2019 | Property Management, Real Estate Investing, Versus | Comments (0)

Cozy and TenantCloud provide online property management for do-it-yourself (DIY) landlords. Cozy is free for landlords and charges $2.99 for expedited payment processing. TenantCloud costs up to $35 a month. Cozy is ideal for landlords who need a simple-to-use platform while TenantCloud is preferable for those who want rental accounting, mobile access, and service support….

Avail vs Cozy: Price, Features & What’s Best in 2019

By Melanie Patterson on September 27, 2019 | Property Management, Real Estate Investing, Versus | Comments (0)

Avail vs Cozy with competitive online property management software for do-it-yourself landlords. Avail costs $10 a month. Cozy is free for landlords with a $2.99 fee for expedited ACH payment processing. Choose Avail if you want a robust computer and mobile-friendly app. Choose Cozy if you want free services for landlords on your desktop. When…

When & How to Hire a Property Manager

By Melanie Patterson on August 30, 2019 | How To, Property Management, Real Estate Investing | Comments (0)

If you own minimal rental properties, you can manage them yourself. However, as your portfolio grows, responsibilities grow, and you may want to hire a property manager. However, it’s important to hire the right one. You can expect to pay from 4% to 10% of gross monthly rental income in property management fees. If you’re…

Property Management Fees: How Much Do Property Managers Charge?

By Melanie Patterson on August 5, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Paying property management fees for someone else to manage your rental property can save you time and money. Management fees are typically between 4% and 10% of gross monthly rent, plus fees. Some companies charge a flat monthly rate of $100+. Fees include advertising, screening tenants, handling leases, coordinating repairs, and responding to tenant emergencies….

What Does a Property Management Company Do & When to Hire One

By Melanie Patterson on July 31, 2019 | Property Management, Real Estate Investing, What is | Comments (0)

Property management companies are great for investors who want to be less hands-on or who live far from their rental properties. What a property management company does to help investors is they manage the day-to-day operations of rental property. Depending on the property, management companies typically charge between 4% and 10% of gross monthly rent….

Avail Is Helping Landlords Go Digital

By Michelle Ivy on March 20, 2019 | CEO Interview, Property Management, Real Estate Investing | Comments (0)

Avail is a full-service property management system that helps both landlords and tenants. Avail helps landlords find and screen tenants, sign leases, collect rent, and manage maintenance online from desktop and mobile devices. Avail’s online education center is also a top resource for landlords and provides guides, tools, state law guidance documents, and articles to…

Top 15 Features of a Perfect Tenant Appreciation Letter

By Benilyn Formoso - Suralta on December 6, 2018 | Property Management, Real Estate Investing, Tip List | Comments (0)

A tenant appreciation letter is written by landlords to welcome new tenants politely. These letters to your tenants should include other important details your new tenant needs to be reminded of, such as house rules and facilities. We spoke with the experts who shared the most important features of a perfect tenant appreciation letter. Below…

20 Types of Tenant Scams Every Landlord Needs to Know

By Benilyn Formoso - Suralta on October 15, 2018 | Property Management, Real Estate Investing, Tip List | Comments (0)

A number of tenant scams happen regularly, victimizing landlords who do not have effective procedures in place for screening renters, collecting rents, and writing the right contract. These scams can pose a great risk to the business. We spoke with the experts who shared the different types of tenant scams every landlord should know and…