Real Estate Ops, Solutions, & Strategies

The crucial reasons behind WHY we inspect rental properties in our latest video! From deposit accounting to enhancing tenant relations, learn how property inspections play a pivotal role in maintaining the integrity of rental homes. Join us as we outline the benefits of proactive maintenance, setting expectations, and bolstering preparation for move-ins, move-outs, and renewals. Watch now to see why "inspections" is not a dirty word but a fundamental aspect of property management.

Today we're touring two Jacksonville rental homes that highlight a major issue - inadequate cleaning by large single family rental operators! 🧹💩 Both kitchens and bathrooms in these properties were left extremely dirty, with grease, grime, urine, pubic hair, and even roaches lingering behind. 🤢🤮 This lack of care for basic cleaning between tenants is now negatively impacting the ability to lease these homes again. In this video we break down: The poor cleaning fails at both properties How this affects leasing and turnover The importance of quality cleaning protocols Major operators must improve cleaning accountability between tenants! This neglect damages the resident experience and costs investors time and money. Have you dealt with similar cleaning horrors before? Share your stories in the comments.

We're back exploring new build to rent communities in Jacksonville! This massive 125-150 home SFR development is just half a mile from the property we recently reconned. With the first phase already showing signs of slow absorption, will this overflow of new inventory right down the road face similar challenges leasing up? Watch as we tour the site to analyze layout, progress, and how deliveries could impact the surrounding rental market. Key points: Massive scale - 125-150 homes Adjacent location - 0.5 miles away Similar product struggling to lease Flooding market with new inventory Get the full recon and our insights on how this community could perform. Smash the like button if you want to see more build to rent tours in Jax!

Dive into the latest rental market trends in Jacksonville, Florida, with REOPSS. We break down the significant growth in rental listings among top operators. Stay ahead with these vital insights and understand the shifting landscape of the Jacksonville rental market. Follow for more rentals, investment property, and property management updates. #JacksonvilleRealEstate #RentalTrends #REOPSSUpdates

We analyzed 3 recent SFR rentals in Jacksonville, FL to identify key trends: -Extended exposure despite price drops -Starting rents avg 12.7% higher than former rates -Reductions of $200-400 to get closer to prior rents Do these indicators point to oversupply, affordability issues, or shifting demand? Get our full breakdown and insights on the local rental housing market. #rentals #singlefamily #realestate #housingmarket #jacksonville

This week's Jacksonville, FL housing market update covers long term rental inventory, SFR stats, home value and income growth trends, new build to rent construction, and September STR stats. Key points: Zillow and Realtor rental inventory increasing but conflicting SFR median rent flat, DOM down 1 day Home value growth slowing at concerning rate New build to rent delivering faster than absorption September STR occupancy up slightly but market saturation continues #housingmarket #rentalhousing #longtermrentals #jacksonville #FLrealestate #SFR #STR #newconstruction

SFR operators - Reinforce oversight and mitigate risks on vacant assets with fractional property management from REOPSS. Curb reputation loss, control deterioration, maximize appeal, and deter squatters.

Join us for another episode of our Rehab Review series touring recently renovated rentals hitting the market in Jacksonville, FL. We'll provide an insider's look at the rehab work done (or not done) and determine if the asking price and rental rate match the value added. See the pros and cons of this rental rehab up close to learn what to avoid in your own rentals!

On my drive home, I stumbled upon a surprise build to rent single family rental community not on my radar. This is the first episode of my Build to Rent Recon series, where I'll be tracking corporate landlords constructing groups of homes to add to their rental portfolios. In this community, I counted 30-50 new BTR homes being built, with 18 currently listed as vacant and ready for renters. I take you on an exclusive around and through an available rental home to showcase what you get and how they are positioned. As institutional investors continue building out huge rental communities, it is yet to be seen if our market can absorb it. This is just the beginning of my on-the-ground coverage of this emerging issue in Jacksonville housing, make sure to follow and stay tuned for more!

Welcome to another funny episode of our "How NOT To Rent Your Property" series! Today I'm sharing 3 foolproof ways to ensure your rental sits vacant for as long as possible. Tip #1 - block the main focal point and functionality of the living room with a random sign. Tell tenants how to live in THEIR new home! Tip #2 - greet tenants with a smelly broken fridge in the foyer! Nothing says “welcome home” like wafting odors when they walk in. Tip #3 - make sure the utilities are off so the house is sweltering hot with no working but used toilets. People love when showings are miserable! Use these 3 tips to absolutely tank leasing velocity and keep your place vacant for maximum time.

A teaser look at the surge of new construction rental inventory entering the Jacksonville Florida real estate market. This snapshot highlights day 1 of an ongoing survey tracking single family and townhome communities being built specifically for the rental market by institutional investors. In just a quarter of Jacksonville's suburbs, 2 new single family rental sites were identified that weren't even on our radar. With more areas still to survey, it's clear the available inventory of brand new turnkey rental homes is rapidly increasing. We'll be monitoring these new additions closely and reporting back regularly. Beyond the build-for-rent SFRs, there is also a boom in multifamily and apartment complex construction underway. For real estate investors and landlords, this data is crucial to understand. The influx of corporate-owned rental properties will impact occupancy, rents, and overall housing affordability in Jacksonville. Stay tuned for more field reports tracking the new construction rental wave across Northeast Florida. Vital intelligence for anyone investing in Jacksonville real estate and rentals.

Welcome to Property Management Minute! In this minute, we're looking at the lease expiration bell curve and how you can use it to maximize occupancy. The bell curve shows that most leases expire during the summer months when demand is highest. By staggering your lease end dates, you can avoid having multiple vacancies during slower seasons. This allows you to find new tenants during peak rental season. You'll decrease vacancy rates while optimizing rental income. Whether you're an independent landlord or manage a large portfolio, understanding the lease expiration bell curve is key. Watch now to learn how to leverage it and boost your bottom line. Discover more property management tips and tricks in 60 seconds or less!

When corporate landlords get greedy, it can backfire badly. This listing has sat vacant for 130 days as a major property management company tries to push rental rates higher than the market will bear. With an average monthly rent of $1,500 in this area, they listed the property for over $2,000, hoping to maximize revenue. But now they've lost over $8,060 in rental income as the home sits empty day after day. This short but poignant video reveals the dangers of overpricing rentals. With eviction moratoriums over, rising interest rates, and a softening economy, the tides are turning in renters' favor. Savvy small-time landlords are adjusting prices accordingly. Meanwhile, large corporate landlords with 500+ units maybe hurting themselves and their investors by letting properties sit vacant. Their loss could be your gain. Stay tuned for more insider tips helping independent landlords thrive!

First, these are beautiful homes. However, there doesn't seem to be allot of demand for them as inventory starts to stack up. Vacant rentals are under reported and skews overall data which requires ground level reconnaissance to paint a whole picture. Join me as I show you a clearer picture of the Jacksonville, Florida Build to Rent market and how it is a part of understanding the aggregate local market conditions for rental housing.

A deep dive into the Jacksonville, FL housing market for October 2023. We'll look at rental inventory on Zillow and Realtor dot com, single family home stats, home values by zip code, eviction data, short term rental analysis, and 3 month rental rate trends. Perfect for real estate investors and landlords looking to understand rental property and the market in Jacksonville.

Discover the gold standard in Single-Family Rentals (SFR) property management with Preventative Maintenance Mastery. In this video, we dig into the essential strategies for identifying critical systems, involving residents, and coupling preventative maintenance with regular service calls. Learn how to proactively safeguard your investments, extend asset life, and keep residents satisfied while cutting operational expenses. Subscribe for more tips on optimizing your SFR portfolio!

👉Zillow Rental Inventory 👉Realtor Rental Inventory 👉SFR Stats 👉Rents by Zip Code 👉Evicitions 👉STR Rev, Rates, & Occ If you find this useful, give us a follow. We do weekly updates in addition to other property operations content. If you want to see something specific, drop a comment and let us know!

Industry "experts" claim institutional investors own less than 1% of single family homes nationally. But new data from Parcl peels back the curtain on ownership percentages in local markets, revealing a MUCH different story. In some cities, up to 1 in 6 homes are owned by large-scale corporate landlords - not the tiny sliver they want you to believe. The next step? Analyze investor ownership strictly within the rental market. The percentage of stock big LLCs control will skyrocket into double digits. This clarifies their oversized role in removing affordable rentals. Question the motives of ANYONE downplaying corporate landlords' share of rental housing. It's propaganda to maintain the status quo. Mom and pop landlords are NOT the threat.

Here we take a look at home value trends- now vs 2006-2007 The trends are very similar in how both over/under valued % and true value correlate with the current trends. Tell me what you see in the comments.

In this video, we analyze the price discovery strategy utilized by corporate landlords. We track a rental property over time as the corporate landlord starts with an exceptionally high asking price despite real-time market data. As expected, this results in an extended vacancy period. However, the corporate landlord is extremely slow to reduce prices, only incrementally lowering it over many months. This highlights their ability to withstand long vacancies that would not be feasible for small-scale landlords. Corporate landlords play a longer pricing game enabled by their vast portfolios. Small landlords must rely on accurate market data to price competitively and fill vacancies quickly. The takeaway - corporate entities base pricing on broader portfolio strategy rather than individual asset optimization. Their approach prioritizes maximizing overall returns over quick occupancy. Small landlords should leverage real-time data to price rentals competitively within local markets for optimal individual asset performance.

In "RENT DOWN" videos, we explore corporate landlords' pricing strategies. We track a rental property's journey as the corporate landlord initially sets a high asking price, resulting in extended vacancies. They adjust it slowly over months, showing their ability to tolerate longer vacancies, unlike smaller landlords. Corporate landlords prioritize portfolio strategy over individual asset optimization, while small landlords use real-time market data for competitive pricing and quick vacancies. The takeaway: corporate entities focus on maximizing overall returns, while small landlords aim for peak individual asset performance.

Struggling with unexpected work orders and resident disputes in your single family rentals? Alignment is key! Learn how to set clear expectations with tenants upfront to reduce maintenance requests. Define what falls under addressable work orders so residents understand their responsibilities. Get tips on assessing resident backgrounds to understand their baseline expectations. Emphasize realities of SFR versus multifamily living. Use empathy and transparency when communicating to provide comfort during moves. Well-informed, expectation-aligned residents equal fewer work orders, better relations and a stronger brand reputation. Follow these tips to foster smooth sailing in your SFR portfolio through education and communication!

This attempted tub reglazing exposes dangerous shortcuts. Leaking water under new glaze ensures rapid cracking. Plus inadequate caulk application guarantees failure. We break down how proper rehab process and inspections saves thousands in future repairs and liability. Don't mask issues to flip fast - fixing correctly protects profits long-term. Let REOPSS fractional experts reinforce your renovations through rigorous asset recons. Our battle-tested teams ensure rehabs deliver lasting quality and value.

🚩Rehab Review🚩 🚿 Buckling flooring, ceiling patches, swollen baseboards, bubbling paint, it all points to water raining from up above. But why? Bad roof? Didn't look like it. Looks like bad plumbing 👨‍🔧The larger a plumbing job you give a handyman, the larger your exposure to bad results. If I was a betting man, I would say a bad joint from the replumb ran through the attic is what caused all this damage. REOPSS can provide quality control inspections to minimize the potential of your ceilings raining down on your rental home causing thousands of dollars of damage. 🫡

Jacksonville, Fl- Market Recon 9/22/23 👉Zillow Rental Inventory 👉Realtor Rental Inventory 👉SFR Stats 👉New Construction Pipeline 👉SFH Sales & Invenotry 👉STR & Shadow Inventory If you find this useful, give us a follow. We do weekly updates in addition to other property operations content. If you want to see something specific, drop a comment and let us know!