How to Get Real ROI

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Based on the numbers we have to date, property management industry has had a rockier season in 2022, expecting an overall decline in revenue between 1-2%.

But, to be fair, the competition is tough! In years previous, the industry saw 5% growth annually, which is no small thing. This is also all a time when vacancy rates are on the decline, and rent prices are on the rise.

Take a look at where we've been over the last decade and then some.

National Property Management Market Revenue between 2009 and 2021, in Billions

Sources; Statista, iPropertyManagement

Want Fewer Vacancies? Duh, Of Course You Do!

If you want to lose money fast, own a vacant rental property.

For a real estate investor, a vacancy can cost thousands of dollars each month. The loss of rental income combined with the cost of maintenance, professional cleaning, advertising, and finding and vetting a new resident adds up very quickly.

Read the full article here.

The Real ROI You Can Expect from Rental Property Renovations

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An integral part of many successful real estate investment strategies involves property renovations. The right renovations can greatly affect long-term property values and rent prices. Of course, you don’t have to be an investor to care about getting your money’s worth out of home improvements.

Still, whether you’re looking to add real value to your own home or boost returns on your rental properties, these are the renovations that make the biggest difference: and the ones you ought to skip!

As a baseline, remember that home renovations have an average ROI of 70%.

Read the full article here.