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Investment Property Managers: Soft Skills are Your Superpower

Cross-industry companies are seeking employees with more than sector-specific expertise. Workers high on the lists of recruiters these days are those with the essential soft skills to run a successful team. They want workers with the necessary soft skills to manage high-achieving teams, which is important in investment property management. Among the soft skills that are typically considered to be the most difficult to master are conflict resolution, interpersonal skills and the ability to communicate effectively, especially in high-stress and conflict-charged situations.

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What Property Managers and Landlords Need to Know About Today’s On-Demand Economy

We live in an age of immediate access to goods and services. Today’s on-demand economy is supported by tech-driven digital marketplaces that make nearly everything available on-demand. What does the on-demand economy mean to property managers and landlords? Plenty. Today’s renters have high expectations when it comes to selecting the place they call home. In the on-demand economy, renters look for convenience, amenities, safety, and services—and meeting the challenge offers an excellent opportunity to outshine your competitors by creating a great customer experience.

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High demand amenities_ what renters want and what landlords gain

In 2018, more people are renting than at any time since 1965, according to the Pew Research Center. Landlords and property managers can benefit from the ever-growing pool of potential tenants and better ensure low vacancy rates by making a concerted effort to provide amenities that tenants value most. In a nutshell, tenants like any technology, services, and conveniences that make their lives easier.

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The strength of a nation lies in the homes of its people

The Strength of a nation lies in the homes of its people! Oh, say can you see by the dawn’s early light What so proudly we hailed at the twilight’s last gleaming? Whose broad stripes and bright stars thru the perilous fight, O’er the ramparts we watched were so gallantly streaming? And the rocket’s red glare, the bombs bursting in air, Gave proof through the night that our flag was still there. Oh, say does that star-spangled banner yet wave O’er the land of the free and the home of

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Energy conservation tips for Phoenix summers

16 energy-saving tips that will make summer in Phoenix more manageable than you think! Whether you’re a long-time resident of Phoenix or recently relocated and settling into your first West Valley home, chances are you’re at least a bit apprehensive about the cost of keeping your home cool enough to be comfortable throughout the sweltering desert summer. Staying cool and comfortable during Arizona’s summer months is vital to your health, well-being, and will to live. So the best approach is to make energy efficiency a priority.

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Metro Phoenix apartment demand attracts investors and developers

Metro Phoenix apartment demand is high—so high, one developer is tearing down a full block of 20 homes in Central Phoenix to accommodate a 329-unit apartment complex. The 20 homes, built between 1915 and 1950, met the wrecking ball this month as crews began razing the aging and, in some cases, rundown structures and clearing the 3.6-acre site, located on the block between Third and Fifth Streets, Early Drive, and Cheery Lynn Road in Central Phoenix.

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Phoenix old home renovations: preserve the iriginal architectural design details of an old home for maximum resale value

The Phoenix area is one of the most popular areas in the U.S. for home flipping. The area has a generous supply of older homes that attract real estate investors looking to renovate and resell for a profit.  When it comes to renovating older homes for resale, the rule of thumb is to do strictly what is necessary to make it profitable (without doing too little), and not only to stay within a predefined reno budget but also to avoid damaging or removing traditional interior and exterior elements

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Rental home investment returns nearly as profitable as stocks,

The millions of small-scale rental property owners in the U.S. and others who are considering joining these ranks may be surprised to learn that, as an investment, rental home ownership is nearly as profitable as stocks and substantially more profitable than bonds, investment deposit accounts with risk, and other investment instruments according to a new study.

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Renting now outpaces homebuying in the U.S. Here's why.

The American dream transforms Homeownership, the American dream, right? Well, not so much. It may have been up until about a decade ago when millions of U.S. homeowners lost their homes to foreclosure in the 2008 housing bubble collapse and subsequent recession. The trauma so many Americans experienced still haunts most people who were impacted, crushing the generations-old mindset that buying a homemade good financial sense.

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Self-Storage Development in the Wake of the 2016 Boom Bubble Burst

From 1994 to 2014, self-storage REITs (real estate investment trusts) delivered 18 percent annualized returns with lower volatility than their REIT counterparts. For more than a decade, new self-storage facility development nationwide was abundant, and there seemed to be no end in sight. In 2015, self-storage construction spending rose by 73.3 percent across the U.S. surpassing the billion-dollar mark for the first time since 2008.

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Arizona retirement: 9 reasons to consider the financial, health, and lifestyle benefits of spending your golden years in the Sunset State

Arizona has been a popular retirement destination for decades. Sun City, near Phoenix, was developed more than 50 years ago and marketed as the very first active adult community in the U.S. In addition to its mild winter climate that varies across various altitudes, world-class golf courses, and the Grand Canyon right at your back door, Arizona offers plenty of financial and health advantages that make sense for the baby boomer generation of golden-agers who’ve worked 30-45 years to relax and enjoy their place in the sun.

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Real estate investing: Real Estate Investing for novices: How to get started in residential real estate investing

Not everyone dreams of being a landlord, but investing in residential real estate can be a lucrative addition to an investment portfolio, and a great income stream generator in retirement. With an abundance of opportunities to enlist a competent property management team to deal with the day-to-day responsibilities of maintaining rental properties, real estate has become a particularly alluring option for investors.

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The impact of natural and man-made disasters isn't new to the self-storage industry. Through fires, earthquakes, tornadoes, hurricanes and other catastrophic events, storage facilities are often inflicted with damage to property including units harboring tenant belongings. Facility managers must mobilize quickly on insurance procedures for business losses, communicate clearly with customers on the status of their property as well as operational issues, and skillfully handle messaging with the media.

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