Since 2011, VerticalRent has pioneered technological innovations for landlords, property managers, and real estate professionals. If you're a digitally defined landlord with a passion for growing your rental portfolio - you're in the right place! Read on.
Did you know that over 95% of text messages are read within a few seconds? Further statistics have also revealed that SMS text marketing boasts 10x the open rate of e-mail marketing. Text messaging is quick, actionable, and very useful for today’s digitally-defined real estate professional.
For real estate professionals, there is often a common tendency to try to do everything on their own. While the DIY approach is important for successful entrepreneurship, it’s also important to learn where you can save time and money by leveraging existing resources.
Is denying a prospective tenant housing because of his or her criminal record discrimination? Well, according to the Feds, it could be.
As a landlord, it is in your own best interest to do your job well. You can reduce the likelihood that you will encounter problems or issues with tenants by being a great landlord.
Each time you turn over a rental unit, you increase your operating costs. Lost rental income, unscheduled upgrades, cleaning, and repairs require labor and expense, and then you have the task of advertising your unit and screening potential clients. Turnover is a drag, but in an industry that mostly caters to people in transition, what can we do?
Brickell is an urban neighborhood in Greater Downtown Miami, as rich in history as it is in contemporary success. Located directly south of Miami’s historic Central Business District in Downtown proper, south of the Miami River, Brickell is South Florida’s major financial district and one of the most important business sectors in the continental United States.
The Miami real estate market is currently one of the most popular and profitable markets in the United States. Investors moving their business into Miami-Dade County are set up to be part of a booming property market, particularly in the coming decades. Throughout the last century, Miami has been a prime vacation spot as well as a strong residential and commercial sector. The city has continued to grow exponentially in the past decade, strengthening its economy and making a prime name for itself
Tenant satisfaction matters. Happy tenants are more likely to renew their lease, recommend your property to their friends and not write poor reviews all over your website. In fact, satisfied tenants are three times more likely to renew their lease if they are satisfied with property management than if they are disappointed or apathetic.
One of the most prominent issues that landlords come in contact with when having rental property is having tenants that don’t pay their rent on time. Although one late payment may not actually put you over the edge, the pattern could eventually hurt your wallet.
Online bill pay allows renters to pay quickly, easily and conveniently without all the stamps and envelopes of the past. In addition, online bill pay can greatly increase landlord efficiency and streamline all of your tenant operations. It’s easy to see why 61% of millennials and 42% of older generations choose to pay their rent online rather than send a check.
During your rental search, know what your expectations are. Clearly lay out what you are looking for and move on if your requirements aren’t offered. Options are catered toward the tenant, so make sure you are comfortable with your decision and ask questions. While filling out applications, don’t be afraid to mention any of your shortcomings. Landlords can work with you to address any challenges. By reading the lease completely and submitting completely accurate applications, you have a greater
Not only is collecting rent online easier for landlords and more convenient for tenants, it’s also safer. With the flexibility and security of online rent collection, more and more landlords adopt online rent payment systems. By providing an accurate and easily accessible record of spending, tenants can seamlessly make payments online while creating a positive relationship with their landlord and reduce stress.
If you reach into your pocket or purse, what’s the first thing you touch? It’s likely your smartphone, sitting there like a safety blanket, ready at a moment’s notice. Bored at a social event with co-workers? No problem, pull out your smartphone and check your messages – whether it be Facebook, Text Messages, or Emails. It’s instant gratification for the on-demand world in which we live. Plus, this little ‘safety blanket’ buffers many socially awkward Americans from difficult face-to-face conver
Checking landlord references is part of the tenant screening process. Most people provide real references on their rental applications, but some people try to slip a fake reference through. They might have failed to pay their rent on time, or maybe they left the apartment in disarray. They know they won’t get the house or apartment with a real reference, so they find someone else to act as their landlord, and they’re getting better at it than ever before.