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Tag: Recession

How to Manage Declining Rents and Thrive in Real Estate Investing

Posted on May 29, 2023

In a world where fluctuating market conditions are the norm, real estate investors and landlords often face the challenge of declining rents. While this may seem like a daunting obstacle, it is…

No Downward Spiral Here: How To Manage Rental Property in a Recession

Posted on March 30, 2023

In times of economic downturn, real estate investment can seem risky. However, with the right strategies, rental property can remain profitable even during a recession. As a landlord or real estate investor,…

What To Do When Your Tenant Is Not Paying Rent

Posted on March 27, 2023

Are you a landlord trying to figure out what to do when your tenant is not paying rent? You’re not alone. Dealing with tenant non-payment of rent can be frustrating and time-consuming,…

How To Maintain Tenant Loyalty and Satisfaction in an Uncertain Economy

Posted on February 27, 2023

The current economic situation has caused disruptive changes to the real estate industry and made it difficult for property managers and landlords to retain tenant loyalty and satisfaction. Attracting and keeping tenants…

Should Landlords Offer Temporary Rent Discounts to Tenants During a Recession?

Posted on February 23, 2023

Are you considering offering temporary rent discounts to your tenants during this recession? While there may be benefits in terms of reducing costs and vacancy rates, it is not without its challenges….

Managing Rent Collection Risk in an Economic Downturn

Posted on February 20, 2023

Managing rent collection risk during an economic downturn is a challenge that landlords and property managers must face. In this article, we will discuss what landlords need to know about managing rent…

How To Reduce Rental Property Operating Costs During a Recession

Posted on February 16, 2023

During a recession, reducing rental property operating costs can be essential for landlords and property managers to maximize cash flow while still keeping tenants happy and occupancy levels high. This article will…

10 Strategies for Increasing Occupancy Rates During a Recession

Posted on February 13, 2023

Are you a real estate investor or property manager looking to keep occupancy rates high despite the challenging economic climate of a recession? If so, then this article is for you! Using…

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Basic Property Management provides owners and managers of rental property with the tips, tools, and techniques they need to be successful. We provide articles on a variety of topics, including how to find and screen tenants, how to negotiate leases, and how to handle repairs and maintenance. We also offer a directory of property management services and resources, so you can find everything you need in one place.

Residential

Residential real estate property management is the process of overseeing and renting out residential properties. This type of property management is different from commercial property management in a few key ways. First, residential properties are usually smaller in scale than commercial properties. Additionally, residential property managers typically work with individual tenants rather than with businesses. Finally, the leasing terms for residential rentals are usually shorter than those for commercial rentals. As a result, residential property managers must be skilled at handling a variety of tasks, from marketing and advertising vacant units to collecting rent and dealing with maintenance issues.

Commercial

Commercial real estate property management is different from residential property management in a few key ways. For one, commercial properties tend to be much larger than residential ones, so the management team has to be able to handle a larger volume of tenants. Additionally, commercial leases are usually much longer than residential leases, so the manager needs to be prepared for a longer-term commitment. Finally, commercial properties tend to have more complex financial arrangements and regulations that need to be followed. As a result, it takes a different set of skills and knowledge to effectively manage a commercial property.

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