Property Management News
Even landlords who conduct in-depth analyses of tenant credit and financial health will experience some tenants who become financially unstable during the term of the lease. In an environment where replacing tenants can be challenging, many landlords should consider the potential benefits of negotiating a restructuring of the tenant’s lease obligations or offering an agreed exit strategy. Obtain Current Financial Statements Including in leases a provision that requires tenants to provide current financial statements will help landlords have the information necessary to assess the likelihood that a tenant’s inability to pay is due to temporary circumstances. Even if the lease does not... Read more
Accelerated demand for larger apartments falls off as everyone can get away from each other again. There was noted heavy demand for more space during the heights of the...
Diving into the world of multifamily real estate investment, you’ll quickly encounter terms like Class A, Class B, and Class C properties. These classifications...
Peter Avitabile sat in his pickup truck outside his Rockland townhouse — a place he hadn’t set foot in for two years — fuming about the tenant who refused to...
Occupancy rates are ideal and residents are content, but there is still one problem – a number of residents perpetually fall behind on their rent payments each month....
Navigating the complexities of accommodation requests under the Fair Housing Act is essential for creating inclusive and equitable living spaces. When these requests conflict, as in the case of competing accommodation needs among residents, the challenge for those overseeing housing policies and compliance intensifies. This article offers insights and strategies for effectively managing such situations, ensuring that all decisions are made with a keen sense of fairness, legality, and sensitivity. By focusing on the intricacies of accommodation requests, we aim to provide a comprehensive guide to addressing these challenges, promoting an environment where every resident’s needs are met... Read more
Why do photos matter? Higher rent, better tenants. Great photographs are more than just aesthetically pleasing—they increase online clicks, bringing you more...
The real estate sector presents many investment opportunities with unique benefits and challenges. Among these, multifamily properties are a particularly compelling...
It is not uncommon for the expenses on a multifamily property to consume 50%+ of the income on a given property. Reducing expenses is one of the most common business...
When Terri Clifton began sifting through insurance policy renewal offers for Better World Properties’ multifamily assets last month, she felt a moment of relief that...
Accessibility