Bills are part of owning an apartment building. There's some that you're scared to open because you know they'll be ridiculously high, and then there are others you know won't break the bank. Ideally, you'd like to shrink—or eliminate entirely—the number of those heart-attack inducing bills, because they eat away at your profits and affect your bottom line.
Are you struggling to fill several empty units in your apartment building even though you've tried every possible avenue? Social media isn't working, and your advertising efforts are failing to generate prospective tenants. Well, here's what you should know. It may be beyond your control.
Topics: Reduce Vacancy Rates
Are you feeling underwhelmed by your current property management company because they aren't delivering on their promises? Is your apartment building suffering from maintenance issues, high turnover, or high vacancy? If you think a change in property management companies is a step in the right direction, you could be on to something.
Topics: Property Management
Within a four-month time frame, the Bank of Canada has risen its key interest rate by half a percent. The first interest rate raise came in July, followed closely by a second one this month. This is the first time the Bank of Canada has risen interest rates in seven years.
Amazon is a household name. Who hasn't heard of this e-commerce giant? Did you hear the enterprise is opening a second North American office? Earlier this month, the company made the announcement, saying they will be spending $5 billion and hiring as many as 50,000 employees in the new Amazon Alberta location.
Topics: Investing with Real Estate