ApartmentAdvisor

Renting out your property can be a rewarding investment, but setting the right price for your rental property is crucial. Charge too much and your property may sit vacant. Charge too little and you might not cover your costs or make a profit. In this article, you'll learn: 🔑 How to use ApartmentAdvisor's proprietary Rental Pricing Tool 🔑 How to research comparable properties 🔑 How operating costs and expenses should factor into your rent prices... + more!

You can't predict an emergency or a natural disaster, but you can certainly prepare for one. In this article, we outline five essential steps you can take to prepare for the unexpected. 🔑 Performing thorough risk assessment at your property 🔑 Training your staff on how to jump into action during an emergency 🔑 Returning to normalcy post disaster... + more!

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On Tuesday, July 3, we published our monthly National Rent Report, highlighting national rent trend data as well as rent price data by state and by city. Three key trends that stuck out in June: 🔑 There are only 12 cities where rent is up MoM and YoY. Half are in the Midwest. 🔑 Everything's bigger in Texas — including the rent declines. Since hitting a pandemic peak in July '22, most cities that we track in TX have seen a steady decline in rent prices. 🔑 Iowa saw the biggest rent increase MoM on the state level. Read the full article to learn more.

Hitting and retaining a 100% occupancy rate is the holy grail for property managers and landlords. Full occupancy may seem like a goal too far out of reach for many managers, but it doesn’t have to be. By using these key strategies, you will be well on your way to filling your property (and keeping it that way): 🔑 Making the most of maintenance and upgrades 🔑 Building a community that makes residents want to stay 🔑 Pricing competitively to keep units off the market for too long... + more!

As a landlord, you know well that a host of expenses come along with owning a rental. Thankfully, you can write off many of the costs of running your rental property. Read on to find out: 🔑 Why rental property owners can deduct interest paid a mortgages 🔑 What qualifies as a necessary operating expense 🔑 Why lost income is not deductible

Offering a concession, or a move-in special, is a great tool to help attract potential tenants to vacant apartments and increase current tenant satisfaction. 🔑 A rental concession is a special offer or discount that encourages new or returning residents to sign their lease. There are two types of rent concessions: recurring or one time. 🔑 Examples include: waived or reduced fees (like pet fees, admin fees, and more), giveaways (think: items like furniture or gift cards), and referral bonuses for current tenants that attract new tenants. 🔑 The best move-in specials take the rental market into account. For example, in cities heavily populated with dog owners, a waived pet fee will go a much longer way than a one-time gift card. Learn more in the full article linked below, and follow us for more expert advice for property owners.

On Monday, June 3, we published our monthly National Rent Report, highlighting national rent trend data as well as rent price data by state and by city. Three key trends that stuck out in May: 🔑 Don’t let a seasonal uptick in rent price fool you: In most rental markets, rent prices are down year over year. 🔑 The East Coast is telling a tale of two rent stories: Prices are skyrocketing in the Northeast, while the Southeast sees major cooldowns. 🔑 At the state level, the Midwest and Northeast are responsible for nearly all of the states that saw rent increases year over year. Read the full article to learn more.

Many renters in Boston are willing to live in whatever neighborhood offers them the best deals, but with one catch: They just want proximity to public transportation. It’s the best way to get in and out of the center of the city without a car and, with its many delays, it's also the bane of many a Bostonian’s existence. For better or worse, the T is a necessary evil for renters. We wanted to find out how much renters are paying to live close to the train in Boston by taking a look at the median rent price of a one-bedroom apartment within a half-mile radius (about a 10-minute walk) of each T stop. https://lnkd.in/enQDC-Dw