Summing Up the Year: How the Rental Property Industry Is Feeling About 2020
There are really no businesses that haven’t been affected by the coronavirus crisis in some way at this point. The rental property industry is no exception. But luckily, many industry players are adjusting to the new reality and getting some valuable experience along the way. Let’s recap on a challenging 2020 and see how it has reshaped the property management industry and modified tenants’ renting preferences.
Are You Ready to Rent to Gen Zers? (infographic included)
Renting to different demographics brings completely different challenges. While most landlords already know what to expect from millennial renters, there is still no accurate description of an average Gen Z tenant and their renting preferences. It’s a general assumption that they prefer affordable housing. But the 2020 crisis has reshaped the rental market and the whole picture might have drastically changed.
Getting Closer to Digital: Tips and Insights (property management perspective)
In an age of social distancing, getting closer to digital looks more and more like a reasonable decision. While most people are waiting for the time when they can go back to traditional forms of communication, the property management industry has been adopting technology to fit the current digital landscape. And honestly, that’s the approach all industry players should implement because the new normal is digital.
The Pros of Using Digital Payments for Property Management
When it comes to rent collection, landlords look for the most convenient methods that make the whole process hassle-free and less time-consuming. Old fashioned forms of rent collection, like mailing checks, usually aren’t the best solution in the times of global digitization. That’s why more and more industry players are adopting digital payments for their rental business. And there are a few reasons for that.
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Five Steps to Moving Rental Business Online
For landlords and property owners, one of the most crucial decisions to make during the pandemic is to move their rental business online. Going digital doesn’t refer exclusively to online rent payments and applications, but to every stage of the renting process.
Are Millennials the Perpetual Renters? Well, Probably No
When it comes to renting, millennials rely on digital property management systems helping them better manage their time. Also, they're likely to look for a new rental on popular listing platforms and expect everything to be stored in one place.
New Year’s Resolution: Why It’s Crucial to Make Rental Business Digital
If you are investing in rental properties, your main goal is probably to see a high ROI and maximize your income. The most effective way to do this is to take full advantage of a property management tool. The decade of online rental business has come and you can’t hide from it or deny it. It is time to become digital and new year resolution is the best way to start doing that.
20 Things You As a Landlord Should Do in 2020
Over the course of the year, we have had the chance to talk to a few real estate professionals who managed to double their portfolio and automate their business during this year. We took their experience, studied upcoming trends, and created this 2020 guide for landlords.
4 Must-Have Digital Tools for DIY Landlords
The hardest part of being a landlord is to effectively manage your work day and boost your productivity. There are tools that make the overall process of managing rentals easier- like these advanced technologies that can help you stay on top of your business.
How Online Leases Are Stealing the Show
No one can deny that thanks to technology, the property management industry has been noticeably modified. Landlords today are more tech-savvy than only a few decades ago. That is why paper lease agreements have in many cases been replaced with online documents. But that is not the only advantage to using online lease agreements.
How to Automate Your Rental Business and Live a Happy Life
It is up to you whether to work 9 to 5 or start a rental business and gain financial freedom. With TenantCloud it is not just a dream; it is a reality for many landlords. Using automation and a little effort, you can spend more time with your family, friends, pets, or do whatever you enjoy. Here is what our users have tried and want to share with you all: the TenantCloud lifestyle.
Renting to Millennial Tenants? 5 Easy Tips to Follow
Surveys show Millennials are likely to rent for almost their entire lives. Since they prefer renting to buying properties, Millennials are a target audience for landlords and property managers. Born between the early 1980s and 1990s, the Millennial generation has developed renting habits you will want to consider.
Can Rent Control Be a Good Thing? (Oregon, California and Illinois)
Oregon became the first state with statewide rent control. Oregon has been debating Senate Bill 608, which is designed to overcome the housing crisis and provide affordable rentals to lower-income populations. In Portland, the average rent has risen by 30% since 2011, which is one of the highest rent increases in the country.
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