The average rental turnover costs for an apartment range from $1,000 to $5,000, according to the folks at Apartments.com. For rental homes, the costs typically go up from there. The longer it takes to get your property ready to market and get new tenants in, the more...
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There is good news for rental property owners and property managers. Vacancies for rental properties are running around 6%, which is approaching a record low. Increased demand and rising homeownership costs bring more people into the rental market. Analysts expect...
When tenants move out, you never know what condition the apartment will be in. From minor cleanup to major repairs, it can be a pleasant surprise or a frustrating nightmare. Some tenants care for their apartments and will do a thorough job of cleaning. Others can...
The longer a property is unoccupied, the less revenue you bring in. Worse yet, there are still fees and expenses. You will be footing the bill for utilities and maintenance until you can lease the property again, So the faster you can do residential tenant turns, the...
Most home buyers today are looking for homes in move-in condition. Renters do not want to lease a property that is not in good shape. These are reasons that 93% of asset property owners are investing in rehabilitation to make their properties more attractive. Not...
The success of an REO property rehab depends on the quality of the work performed and the property renovation company doing the work. If the renovation work is done well, it contributes to increasing the property’s value and can attract more potential buyers and...
We get it. Time is money, so when it comes to real estate rehab, you want to get your property market-ready as quickly as possible. When you turn to the REO property renovation specialists at Charter Construction Group, you get a team of experienced professionals who...
More than 31,000 properties nationwide had a foreclosure filing in January 2023, a 36% increase from the same time last year, continuing a two-year-long trend of increased filings. Nearly 4,000 properties were repossessed through completed real estate owned (REO)...
Did you know that it only takes one-tenth of a second for people to form their first impression? According to a study published in Psychological Science, people make judgments about what they see in lightning-fast time. That’s something to remember when you look at...
