Overview

Some real estate agents help their clients purchase properties and rent them out to tenants. The property can be any type: single-family homes, multifamily residential buildings, retail locations, office buildings, and mixed-use properties. The work of a real estate professional in these situations varies; they may help investors find the right property, explain cash flow and profit potential, negotiate the deal, or manage the property, among other duties. Some real estate professionals work the other side of the transaction, helping businesses and individuals find, rent, or lease the right property for their needs. Also, brokers and agents may find investing their own funds in real estate to be a good wealth-building or retirement strategy.

Rental Properties Topics

References

NAR Library & Archives has already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require the member's nar.realtor login.


Tips for Landlords

  1. Screen potential tenants using a written rental application
  2. Document the important facts of the agreement with a written lease
  3. Establish a fair system of setting, collecting, holding, and returning security deposits
  4. Stay on top of maintenance and make repairs when requested
  5. Provide secure premises
  6. Provide adequate notice before entering the rental space
  7. Disclose environmental hazards
  8. Choose and supervise your property manager carefully
  9. Purchase liability and other property insurance
  10. Try to resolve disputes with your tenants without lawyers and lawsuits

Source: Top Ten Tips for Landlords (NOLO, 2020)

Next Up: Eviction Moratorium and Need for Rental Assistance (National Association of REALTORS®, Oct. 1, 2020)

NMHC Rent Payment Tracker Finds 92.2 Percent of Apartment Households Paid Rent as of September 27 (National Multifamily Housing Council, Sep. 30, 2020)

CDC Eviction Moratorium: More Layers to an Already Large Cake (Rental Housing Journal, Sep. 29, 2020)

Rent Payment Tracker Finds 90.1 Percent of Apartment Households Paid Rent as of September 20 (National Multifamily Housing Council, Sep. 23, 2020)

An Eviction Moratorium without Rental Assistance Hurts Smaller Landlords, Too (Brookings Institution, Sep. 21, 2020)

Landlord Statistics from the 2018 Rental Housing Finance Survey (Economists’ Outlook, Sep. 15, 2020)

Landlord Tenant Law (American Apartment Owners Association, Aug. 6, 2020)

Protections for Renters (Consumer Financial Protection Bureau, Jul. 24, 2020)

Investing in Multi-Family Property

A Private Lender’s View of Multifamily Opportunities (Multi-Housing News, Oct. 14, 2020)

Multifamily Starts are Taking Off, Here’s Why (NAI Global, Oct. 7, 2020)

Wall Street’s New Suburban Subdivision Is Full of Renters (Bloomberg, Sep. 23, 2020)

Weak NOI Growth Leads to Decline in Multifamily Investment (Mortgage Professional America, Sep. 23, 2020)

Multifamily Construction Gains for Lower-Density Markets (Eye on Housing, Sep. 14, 2020)

Top 10 Features of a Profitable Rental Property (Investopedia, Aug. 28, 2020)

How Can Multifamily Investors Prepare for Post-COVID-19? (Mortgage Professional America, Aug. 27, 2020)

Property Management

The Pandemic Has Upended Everyone’s Life. Property Managers Are No Different (REjournals, Oct. 14, 2020)

4 Ways to Help Manage Renters Moving During COVID-19 (Rental Housing Journal, Sep. 1, 2020)

What Can IoT Platforms Do for Multifamily Property Managers in a Pandemic? (National Real Estate Investor, Aug. 27, 2020)

Leasing in a Pandemic (Yield PRO, Aug. 24, 2020)

Coronavirus Guidance for Property Managers (National Apartment Association, Aug. 12, 2020)

How to Bolster Apartment NOI During COVID-19 (Multifamily Executive, Aug. 11, 2020)

How to Manage Multifamily Assets When Residents No Longer Leave (National Real Estate Investor, Aug. 5, 2020)

How Property Managers Can Protect Residents, Owners, and Themselves from COVID-19 (Buildium, Apr. 1, 2020)

Useful Websites

Marketing and Leasing: Multifamily Properties (Realtor.org). — NAR’s education matrix.

Multi-Housing News — Provides current news and statistics about the multi-housing industry.

National Apartment Association — A trade association for the apartment housing industry.

National Association of Residential Property Managers® — A trade association for residential property managers.

National Multi Housing Council — Provides a forum for insight, advocacy and action for members and the community.

Property Manager — Sells property management software, and shares perspectives and best practices to help manage your property management business.

Books, eBooks & Other Resources

eBooks.realtor.org

The following eBooks and digital audiobooks are available to NAR members:

The Complete Guide to Buying and Selling Apartment Buildings (eBook)

The Complete Guide to Real Estate Finance for Investment Properties: How to Analyze and Single-Family, Multifamily, or Commercial Property (eBook)

Complete Landlord and Property Managers Legal Survival Kit (Kindle, Audiobook, eBook)

The Complete Real Estate Encyclopedia (eBook)

Every Landlord's Legal Guide (eBook)

Happy About Apartment Management: 30 Years of Expert Tips and Advice on Multifamily Property Management (eBook)

Insiders Tips to Operating a Successful Property Management Company (eBook)

Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits (eBook)

Opportunities in Property Management Careers (eBook)

Property Management Kit for Dummies® (eBook)

Property Manager, Community Manager, Real Estate Manager - How to Land a Top-Paying Job: Your Complete Guide to Opportunities, Resumes and Cover Letters, Interviews, Salaries, Promotions, What to Expect From Recruiters and More! (eBook)

Rich Dad's Advisors®: The ABC's of Property Management (Kindle, Audiobook, eBook)

Streetwise Landlording & Property Management (Kindle, Audiobook, eBook)

What Every Landlord Needs to Know: Time and Money-Saving Solutions to Your Most Annoying Problems (eBook)

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.

Principles of Real Estate Management (Chicago, IL: Institute of Real Estate Management, 2011) HD 1394 In7rm

The CompleteLandlord.com Ultimate Real Estate Investing Handbook (Hoboken, NJ: Wiley, 2009) HD 1382.5 L49

Buy It, Rent It, Profit! : Make Money as a Landlord in Any Real Estate Market (New York, NY: Simon & Schuster, 2009) HD 1394 C39

7 Secrets to Successful Apartment Leasing: Find Quality Renters, Fill Vacancies, and Maximize Your Rental Income (Chicago, IL: McGraw-Hill, 2006) HD 1384 C91

Every Landlord's Legal Guide (Chicago, IL: Nolo, 2006) HD 1394 St4e

Complete Guide to Buying and Selling Apartment Buildings (Chicago, IL: John Wiley & Sons, 2005) HD 1377 B46

Practical Apartment Management (Chicago, IL: Institute of Real Estate Management, 2005) HD 1394 In7pr Ed. 5

The New No-Nonsense Landlord: Building Wealth with Rental Properties (New York, NY: McGraw-Hill, 2003) HD 1394 J76


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The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.

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