4 Rental Property Tools That’ll Simplify Management for Landlords

rental property tools

By Becky Bower

Let’s be honest – managing multiple rental properties is not an easy task. You have to worry about collecting the rent, managing your internal bookkeeping, maintaining the property (and/or paying the services you use to do that), and building a relationship with your tenants. Not to mention, with a vacancy your workload doubles as you rush to prepare your empty property for new renters. Whether you have a handful of rental properties or twenty, these four rental property tools will simplify your management process.

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Rental Management – Maximizing ROI

landlord cash flow

Photo by Fabian Blank on Unsplash

This post was written by Dana Dunford, CEO at Hemlane

There are two ways to maximize your return with your investment property:

  1. During property acquisition – getting a good deal on the value and potential of the investment property
  2. Through management operations – maximizing your net operating income during the day-to-day activities

Most real estate investors and landlords will have a pro forma on the property acquisition. But, increasing cash flow through operations is an easier and immediate solution that you can begin today with your existing rental properties.

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ApplyConnect®’s Parent Company, CIC™, Launches Property Management Software for Landlords

property management software for landlords

By Becky Bower

We’re proud to announce that our parent company, Contemporary Information Corporation™ (CIC™) has partnered up with Rentec Direct to power their online property management software, CICTotal Manager! Enabling landlords to manage all of their rental properties for as little as $35 a month, CIC™ believes that this dynamic collaboration will empower landlords, like you, to effectively manage all your properties within the growing rental housing market.

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Enhance Your Landlord Communication Skills in 2018

landlord communication

By Olivia Creighton

Communication is the cornerstone of the landlord-tenant relationship, and there is no doubt that it is essential to a successful rapport between the two. How you interact with your tenants sets the tone of the relationship, and, while you want to be friendly, it is important to maintain a sense of professionalism. But exactly what tools do you have in your arsenal to achieve a perfect balance between the two?

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Free Resources Landlords Will Love

resources landlords will love

By Olivia Creighton

As February rolls in and you start to see little hearts decorate the windows of every shop you pass by, you know that it is that time of year where you show others just how much you love them. Here at ApplyConnect we’re thankful that you trust our blog, and want to show our appreciation by making your life as easy as we possibly can. Below are some great free resources that we guarantee you will love.

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Tax Tips for Real Estate Agents

tax tips for real estate agents

By Olivia Creighton

It’s everyone’s favorite time of year – tax season. As people prepare their W-2s and dread that April 17th deadline, real estate agents can approach this time of year with a spring in their step. With special deductions to save them money, agents can use these tips to get the most out of their tax return.

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Data Privacy : Protecting Yourself and Your Tenants

data privacy for landlords

By Olivia Creighton

You wouldn’t want your information out in the open for anyone and everyone to get their hands on. When you permit a person or company to have access to any knowledge about you, you have a certain expectation of privacy; you expect them to protect your information, and to not let it fall into the wrong hands. Your tenants are no different. They trust you with their information, and, as their landlord, it is your job to keep it safe. In honor of National Data Privacy Day, celebrated annually on January 28th, here are some tips to keep both you and your renters safe.

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The Economic Implications of Rent Control

rent control

By Becky Bower

Since the housing crisis, the demand for affordable rental housing has skyrocketed as Americans have shifted from a homeownership mentality to a renter mentality. As Richard Florida from CityLab might argue, the migration from suburban homeownership to renting has been increasing since 2006. In fact, from 2006 to 2014 the number of U.S. renter households did increase by 5%. With a large percentage of the renter population concentrated in or near urban areas, some of the most major cities in the U.S. lack the necessary housing supply to meet the demand.

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Mistakes for Landlords to Avoid to Stay on the Right Side of the Law

mistakes for landlord to avoid

By Olivia Creighton

We’re all secretly addicted to those late-night cop shows, or prison-centered television illustrations like Scared Straight. There’s something about them that’s strangely intoxicating, that keeps your eyes glued to the screen and stops you from continuing to channel surf. Despite this, none of us actually wants to end up behind bars. Landlords might be surprised to learn that there are a collection of errors that they can make that could result in a hefty fine, a lawsuit, or even some hard time. However, with a little guidance, you’ll learn what to avoid and how to stay within the law when dealing with your tenants.

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