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Tag search results for: "property management"
Tod Anstee
A swiftly changing tax landscape is adding more confusion to the pros and cons of purchasing a rental property as an incorporated company vs as a private individual. Many landlords have opted to transfer ownership of property assets to an SPV, a limited company specific to the property letting sector. However, where the rental property belongs to an existing company owner, they might decide to transfer ownership or invest in a new property through their commercial business. In this guide, the Tod Anstee team e... more
Tod Anstee
Location is always an important factor in property, especially when deciding on the best opportunities to expand a buy-to-let investment properties portfolio. Landlords may have a preferred niche, such as high-end apartments for professionals or semi-detached family residences, but local knowledge is key. For example, a well-maintained rental property marketed to tenants with children is less likely to command a premium if it is outside the catchment area for the best local schools, and vice versa. As we’ll expl... more
Tod Anstee
Property assets appreciate gradually over time and are considered a fairly inflation-proof investment since, although the economy may be sluggish, it is very unusual for bricks and mortar to drop in value. However, with rising inflation putting pressure on other aspects of owning rental properties or managing a portfolio, there is the likelihood that higher mortgage interest rates, utility costs, and council tax will impact your bottom line. Here we’ll run through some suggestions to help you maintain profitabilit... more
Kamlesh
Unlocking the Secrets of Turnover Rent in Rental Properties Understanding turnover rent is crucial in the rental property market. It's a percentage of a tenant's sales added to the base rent. Here's how to calculate it: Gather Records: Collect the tenant's sales figures.Review Lease: Check for any exclusions or deductions.Calculate Gross Turnover: Use the sales figures to find the total turnover.Apply Percentage: Apply the agreed percentage to calculate the turnover rent.Consider Exclusions: Account for any specified exclusions or ... more
Kamlesh
What is Yardi Voyager: A Comprehensive Guide Straightlining is a crucial concept within property management, specifically in the context of the Yardi Voyager software. It refers to the process of evenly distributing expenses and revenues over the duration of a lease, offering a streamlined approach to financial management. This method allows for better clarity and accuracy when forecasting financial statements and evaluating the overall performance of a property. Efficient Financial Management with Straightlining Straightlining in... more
Kamlesh
The Role of Lease Management Software in Streamlining Property Management In the dynamic property management realm, Lease Management Software is pivotal in enhancing operational efficiency. Simplifying Complex Operations through Integrated Platforms Property managers grapple with many tasks, such aslease agreements, rent collection, and tenant communication. Lease Management Software offers a comprehensive solution by providing a centralized platform for overseeing lease agreements, automating rent notifications, and facilitating ... more
Kamlesh
Revolutionizing Property Management with Yardi Software Introduction Property management companiesface many challenges in today's dynamic real estate landscape, from streamlining operations to meeting the ever-increasing demands of property owners and tenants. Fortunately, cutting-edge technology solutions like Yardi Software are transforming the way property management is done. This article explores the significance of Yardi Software in the property management industry and how it's revolutionizing the management of real estate ass... more
Kamlesh
In the ever-evolving landscape of property management, staying ahead of the competition is essential. One of the most effective ways to do this is by utilizing cutting-edge tools and technologies. In this article, we delve into the realm of Yardi RentCafeand explore how it can revolutionize tenant experiences in rental properties. Introduction Property management has come a long way from the days of paper records and manual processes. Today, property managers are embracing innovative solutions like Yardi RentCafe to streamline oper... more