In my time with Real Property Management, I have been busy utilizing my background in professional property management throughout the country since 1991 (Nevada, California, Oregon, Washington, Texas, Arizona, Missouri, Kansas, Georgia and Florida) to support our franchises in their growth and success. As a current member of Institute of Real Estate Management (IREM), National Association of Residential Property Managers (NARPM) and Community Associations Institute (CAI) and having served on numerous committees within the Nevada CAI chapter I am able to guide our franchises in their endeavors.
I have an absolute passion for property management, continued education, training and coaching. My place here at Real Property Management has allowed me to follow that passion by being allowed to develop training platforms for each facet of the management industry; specializing in the creation of experienced property management company owners.
Never sign a lease until you get the following answers.
You found your dream apartment, got settled in, and fit your budget around rent payments. But one day, you receive a letter from your landlord notifying you that their raising the rent. Make Money With AI and Chat GPT: How To Earn $1,000 a MonthRead: How To Build Your Savings From Scratch Sound familiar? In a post-pandemic economy, property owners have been struggling to keep up with rising real estate costs, interest rates and inflation. And they've been increasing rental rates to keep up. In 2021, rents increased by 15%, and they were up another 6.2% last year. There's no telling what rental prices will look like in 2023, but there's always a chance your rent could go up. One way to prevent rent hikes is by locking in your price for an extended period of time. However, that might require more extreme measures on your part, such as paying...
Rental vacancies are continuing to rise. On the commercial side, an increase in work-from-home meant fewer office space was needed due to the lower occupancy. Working from home became a trend during the pandemic, and businesses functioned well with the new practice, so some companies reduced office space. However, as more companies adopt policies of working from the office, the occupancy should continue to grow.
On the housing rentals, some people left their rentals and moved in with family during the pandemic. That trend is now reversing. Many big and small cities are seeing a jump in rental units. Renters should be aware however, that application selection criteria are becoming more stringent, and more landlords are seeking highly qualified individuals to lease their homes to.