Real Estate Investors: The Importance of Efficient Rent Collection
By Mike Lautensack Tuesday, April 18, 2023
Rent collection is an essential aspect of real estate investing that often goes underappreciated. As a seasoned property manager and real estate investor, I understand the significance of efficient rent collection in maximizing your returns and maintaining your investment portfol...
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Rental Price Update - April 2023Rents up .5% month over month in MarchRent are up 2 months in row on month over monthRents are up 2.% year over year and moderatingVacant Rate is 6.6% up from 4.1% as builders are finally start to catch on supplyPhiladelphia rents have been flat in...
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Tenant Retention: A Profit-Boosting Strategy for Real Estate Investors
By Mike Lautensack Sunday, April 16, 2023
Tenant retention is a critical factor that can significantly impact the success of rental property investments. For real estate investors, understanding the importance of retaining tenants and implementing effective strategies to achieve high tenant retention rates are vital for ...
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Maximizing Your Rental Income with Zillow and Redfin Rent Estimates: A Comprehensive Guide for Real ...
By Mike Lautensack Saturday, April 15, 2023
Introduction: Get the Most Out of Your Real Estate InvestmentIf you are a new property owner, the first question that pops into your head is, “How much should I charge for rent?” This is an important question and has a huge impact on your financial success as a landlo...
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Mastering Lease Renewals: Mastering Lease Renewals: A Comprehensive Guide for Real Estate Investors
By Mike Lautensack Friday, April 14, 2023
Lease renewal is a crucial aspect of real estate investing that often gets overlooked. Successfully navigating lease renewals can significantly impact your rental income, tenant retention, and long-term property value. In this comprehensive guide, we'll explore the ins and ou...
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Tenant Screening: The Critical Step in Property Management
By Mike Lautensack Thursday, April 13, 2023
As a property manager, one of the most crucial steps in finding the right tenants is conducting thorough tenant screening. A good screening process can help you avoid a wide range of problems such as late payments, property damage, and even evictions. In this article,...
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Where did the City of Philadelphia Lead Law come from?
By Adam Kesselman Monday, April 3, 2023
In 1992 Congress passed the Residential Lead-Based Paint Hazard Reduction Act to protect families from exposure to lead from paint, dust, and soil. As a result. the Department of Housing and Urban Development (HUD) and the Environmental Protection Agency (EPA) require the d...
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HOA Short Term Rentals: How Should the HOA Board Manage Them?
By Mike Lautensack Saturday, March 25, 2023
As an HOA management company, one of the most pressing issues facing homeowner’s associations today is how to handle HOA Short Term Rentals. Platforms like Airbnb and VRBO have made short-term rentals increasingly popular, providing homeowners with extra income but al...
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The real estate market today is quite different compared to 2020. In 2020, the market was booming due to historically low mortgage rates, high buyer demand, and a limited inventory of homes for sale. This caused many homes to sell quickly and for prices well above asking.Today, t...
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HOA Rules: Why They May Seem Petty but Serve an Important Purpose!
By Mike Lautensack Wednesday, March 15, 2023
As a member of a homeowners association (HOA), it is natural to question the many rules that govern your HOA community and how some may seem petty. However, it's important to understand that these seemingly trivial rules may actually serve a greater purpose in maintaini...
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