Bridge Property Management PGH

07/20/2023

🏠 The Airbnb Bust: Major Declines in Short Term Rentals🏠

Since the start of 2023 over 1 million Airbnb owners have reported losses on their properties. With Airbnb stating that some areas have seen 40% reductions in revenue.

Over the past few years, we have seen more and more investors get into the short term rental space causing the market to become oversaturated.

Could this cause problems in the Pittsburgh area?

It is possible that it can cause problems for Pittsburgh market. Currently, there are 909 Airbnb properties listed in the Pittsburgh market.

Most of the listings can be converted back into long term rentals. The problem lies in the "Airbnb Arbitrage" method. These arbitrage investors sign long term leases (12 months) with the property owners and then furnish and list the units on Airbnb.

With a decrease in Airbnb profits, these investors risk missing rent payments. Its also very likely that they have multiple long term leases signed at one time. Kicking off a very fast domino effect.

07/14/2023

📣 Seeking property management services tailored to investors like you?

At Bridge Property Management, we specialize in property management by investors, for investors.

Curious about our pricing options? Contact us today for a personalized consultation and discover how our investor-focused approach can benefit you.

👉 Don't miss out on this opportunity!

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07/12/2023

🚨 Important Update: The Rise in Evictions 🚨

Over the past month we have been seeing more and more headlines warning about the mass eviction wave across the country.

Is this a problem for the Pittsburgh Area?

The state of Pennsylvania recorded 9,597 evictions in the past month. That is up 101% from pre-2020 averages.

You would think the majority of evictions are coming from Philidelphia... and not Pittsburgh.

Wrong! Allegheny county had almost as many eviction filings as Philidelphia county.

What can investors do to prevent evictions?

Vetting tenants is becoming more and more critical. You must be collecting paystubs and w-2's for prospective tenants. Maintain Firm Standards: No Exceptions to Minimum Income Requirement!

06/13/2023

🏠 Available Today! Your Dream Home Awaits! 🏠

Discover the charm of this newly renovated 4-bedroom house in the highly sought-after Chartiers-Houston school district. With spacious living and dining rooms, a brand-new kitchen equipped with a refrigerator, stove, and dishwasher, and a recently renovated upstairs bathroom, this house is sure to impress.

Not only does this home offer ample living space, but it also boasts additional storage options with its finished attic and partially finished basement. And here's the icing on the cake: enjoy the convenience of not just one, but two off-street parking spots—a true rarity in the Houston area!

🔑 Ready to make this your new home? Act fast, as showings will only be scheduled after receiving your application.

LEASE TERMS:
💲 Rent: $2,000 per month for a minimum 12-month lease
🔍 Application Fee: $35 per person (18 years and older) for credit and background checks
💰 Proof of Income: Must provide evidence of income at least 3 times the rent amount
📅 Move-In Costs: First month's rent due at lease signing, security deposit due before moving in
🐾 Pet-Friendly: One pet considered with pet screening (monthly pet rent applies)
💡 Utilities: Tenant responsible for all utilities, including gas, electric, water/sewer, and garbage
🌱 Outdoor Maintenance: Tenant responsible for lawn care and snow removal

Don't miss out on this fantastic opportunity! Contact us today to schedule a viewing and start calling this beautiful house your new home.

📞 412-776-0587
📧 [email protected]

✨ Your ideal home is just a step away with Bridge Property Management! ✨

05/15/2023

🏢 Welcome to Bridge Property Management! 🏢

We are excited to introduce ourselves as your trusted property management experts in Washington and Allegheny County. Our dedicated team is here to provide exceptional service and support for property owners and tenants throughout the area.

At Bridge, we understand the challenges and responsibilities that come with property management. Our mission is to simplify the process for property owners while ensuring a positive living experience for tenants.

Here's what you can expect from us:

✅ Comprehensive Services: We offer a full suite of property management services tailored to meet your needs. From tenant screening and lease agreements to rent collection and property maintenance, we handle all the day-to-day operations, allowing you to enjoy a hassle-free experience.

✅ Resolving Conflicts: Dealing with difficult tenants can be challenging, but we have the expertise to handle it effectively. Our team is experienced in resolving conflicts and addressing issues such as late rent payments, noise complaints, and maintenance disputes. We strive to find solutions that maintain a positive relationship between you and your tenants.

✅ Timely Communication: We believe in open and transparent communication. Our team is responsive and accessible, ensuring that you stay informed about any property-related matters. Whether it's providing updates on repairs or addressing tenant concerns, we keep the lines of communication open to foster trust and satisfaction.

✅ Expertise in Local Market: We have in-depth knowledge of the Pittsburgh rental market. Our team stays up-to-date with market trends and regulations to help you make informed decisions about your property. We leverage our expertise to optimize rental rates, attract qualified tenants, and maximize your returns.

✅ Focus on Tenant Satisfaction: Happy tenants lead to long-term, successful rentals. We prioritize tenant satisfaction by providing prompt assistance, addressing their concerns, and ensuring a well-maintained living environment. By fostering positive tenant relationships, we aim to minimize turnover and maintain a high occupancy rate.

Whether you own a single property or a diverse portfolio, we are here to support your property management needs. Contact us today to learn more about how we can help you achieve your goals and provide a stress-free experience.

Stay tuned to our page for informative content, helpful tips, and updates on the local rental market. Like and follow us to stay connected and receive valuable insights.

🌐 Website: managedbybridge.com
📞 Phone: 412-776-0587

We look forward to serving you and being your trusted property management partner!