Entries by Michael Hurley

4 Benefits of Hiring a Property Management Company

Did you that the worldwide property management market is expected to reach $37.25 billion by 2029? Owning an investment property can be a great way to generate income and build wealth, but managing the property can be time-consuming and difficult. Property management can be a hassle, but it’s important to remember that there are many benefits to hiring a professional property management company. Want to learn more? Keep reading to learn about the four key […]

July 22, 2022 by

3 Things a Property Manager Should Do Before a Tenant Moves Out

Owning rental properties is a great way to boost your income and overall wealth. The key to being a successful property manager is making your tenant turnover rate as low as possible.  Unfortunately, there’s nothing you can do when managing a property to prevent every tenant from ever leaving. So when it does need to happen, it’s important to make the transition as smooth and seamless as possible. The less time your rental property is empty, the […]

June 23, 2022 by

5 Benefits of Buying a Rental Property

Did you know that over 10 million people — or about 7% of the US population — make money from rental properties? Are you interested in joining them? The good news is that now is a terrific time to invest in property and manage a rental property. Before we talk about how to buy a rental property, let’s first discuss why you should consider buying a rental property. Here are five compelling benefits of owning rental […]

June 2, 2022 by

What is the Average Property Manager Salary? What You Can Make

According to data compiled by the US Department of Housing and Urban Development (HUD), 43.6 million rent-based households existed in America in 2019. That number may rise due to market fluctuations caused by the COVID-19 pandemic. As younger folks like Millennials approach their late 30s awash with student loan debt and unable to save a down payment, the renting market will remain stable and profitable. Perhaps you’re thinking about property management as a career. If […]

May 19, 2022 by

The Landlord’s Guide to Rental Property Insurance in 2022

Did you know that one in every twenty insured homes has a claim every year? The most common type of claim is the property damage claim. Property damages can result from wind, hail, water, fire, and lightning disasters. Rental property insurance protects the landlords from potential financial losses. A tenant may proceed to sue the landlord or damage your rental property. In such a case, the rental property insurance will cover the expenses. You must […]

April 13, 2022 by