Entries by Michael Hurley

What’s Involved in Vacation Rental Property Management?

The vacation rental market used to be a small cottage industry, relatively speaking. If you wanted to rent a vacation home for a certain period of time, you either had to be uber-rich or get a time-share. Recently though, with the creation of sites like Air B&B and Trip Advisor, the industry exploded. In 2008, the industry was worth $24.3 billion, but by 2019, it is expected to reach over $169 billion. It’s clearly become […]

3 Things to Look for When Hiring a Property Manager

Is it time to hire a property manager? The percentage of households that rent has risen to 43.3 million in 2016. That number is expected to climb since home prices continue to increase. That, combined with tightening credit by banks, will lead more families to choose to rent their home. If you own one or a dozen rental properties, hiring a manager can help you save time, and enjoy the fruits of your investment, rather […]

Property Management Maintenance: Common Issues You Should Learn to Fix Quickly

Approximately 2,654 people enter the rental market every day. This is great news for landlords, as demand for homes to rent is exceeding supply. If you’re a landlord, it’s crucial to keep your properties in tip-top shape. And there are plenty of property management maintenance issues you can take care of yourself. This will mean happy tenants who are more likely to stay for longer. Ready? Let’s get started. Monthly Extermination This may seem like […]

Major Accounting Principles to Effectively Run Your Property Management Business

If finances aren’t your main priority as a property manager (after all, you have a lot of other things to worry about), you probably have a hard time keeping them on track. But it doesn’t have to be a big, difficult job. These quick tips will help you learn some important accounting principles that will make your job a bit easier. Keep Every Property Separate As much as you want to lump everything together, don’t. […]

Genius Marketing Techniques for Your Property Management Business

As a small business owner and property manager, proper marketing is essential to your success. In the age of the Internet and social media, however, marketing is trickier and more confusing than ever. There are endless channels that could connect you to potential tenants, but not all of them are worth your time or money. Having a strong grasp on small business marketing will significantly increase your exposure, and may enable you to grow your […]