Property Management Blog

Brad van Rooyen, National Vice President of HOA at HomeRiver Group, was interviewed by the Community Association Management Insider where he shared his insight on boosting your volunteer recruitment. Here’s highlights of his quotes, and you can read the entire article here.1) Always be recruitingYou might not want these people to gain a position of power. “You want to look for volunteers who are volunteering for the right reasons, because they genuinely care about the community,...

Many real estate investors start thinking about selling investment properties when real estate fundamentals are strong and markets are hot. And during such times, there seems to be no shortage of real estate agents and others anxious to benefit from another transaction. Unless there is a compelling need to cash out of your real estate investment, here are 6 reasons why you may want to think again about selling:Real estate is a top-performing asset class. Few investments perform like real estate,...

October 1, 2020 - HomeRiver Group (HRG), the nation’s leading provider of property management services for single-family and small multifamily properties, announced today the acquisition of Property Frameworks from Realogy Brokerage Group, the nation's largest residential real estate brokerage company by sales volume. The acquisition will create the largest third-party property management company of its type in the U.S., with approximately 25,000 homes under management, and expand...

Q: What are Qualified Opportunity Zones? A: Qualified Opportunity Zones (QOZ) are designated areas that provide tax advantages for real estate investors. Q: Who came up with this tax advantage?  A: Believe it or not, Napster founder, and former Facebook President, Sean Parker did. The tech billionaire was seeking a solution to investor cash sitting on the sidelines, that could otherwise be invested in underdeveloped areas. He worked with senators to introduce and pass the legislat...

Redfin CEO, Glenn Kelman, discusses the state of the housing market as mortgage rates rise and tax reform affects coastal cities.Redfin CEO on 'perfect storm' for housing market from CNBC.

Ask anyone who’s ever purchased a business, and they’ll tell you the key is not only finding the right business, but finding one that hasn’t been managed up to its potential. The worse it’s been managed relative to its potential, the better. In fact, if you can find a business with positive cash flow that is poorly managed, you’ve found the right one. Why is this? To put it simply: if the business generates cash with poor management, imagine what it can do with good...

Does the recent upsurge in rent control initiatives and advocacy mean I could be making MORE selling my current residential investment property? Does that seem upside down? Don’t forget, there are two sides to every coin.Photo by Jordan Rowland on UnsplashLawmakers and rent control advocates are currently working to repeal state laws forbidding rent control and revive this practice in states across the country. Illinois, California and Washington are gaining some foothold in their efforts ...

If you’ve seen the iconic film Indiana Jones and the Last Crusade, you’ll recall the climactic scene where Indy needed to pass four tests in order to retrieve the Holy Grail. The margin for error was razor thin, and the stakes were high. One wrong move and he would have failed the test and lost everything, including his head (as would have happened had he not knelt as the penitent man to pass the test).When we make investments, we focus on the reward and balance it against the risk. ...

Andy Propst is CEO of HomeRiver Group, a Meridian company that has acquired a half-dozen property management companies around the nation in the last two years and now manages nearly 5,000 rentals in 20 states.When Propst joined the company in 2008, it was called Park Place and had 200 rental units. Its owners at the time made him a full partner nine months after he came on board. He also served in 2015 as the national president of the National Association of Rental Property Managers, or NARPM.Mu...

If you’re the owner of a single family rental property or a small multi-family building, you might be wondering why you would do business with a national property management company rather than a local one. Today, we’re sharing some of the best reasons to hire a company like HomeRiver Group.  National Resources and Expertise  A national company will have the investment, capability, and motivation to be as good as they possibly can. You also benefit from our eco...