Property Management News

Four Stages of Revenue Recovery and Their Success

When faced with delinquent renters, owner/operators and onsite teams can face up to four stages of revenue recovery. The quicker each stage is addressed, the quicker it may be resolved. Early and automated communication with the resident is key to achieving success, and recovering lost revenue. Depending on the location of the property, a complete eviction process can take more than 40 days to reach a conclusion. The chances of revenue recovery, as well as mitigating costs, rely on addressing the problem as soon as legally possible. Some areas of the United States, especially larger metropolitans, are struggling with backlogs that bring significant delays to resolutions. In New York, for... Read more

To expedite evictions, avoid hiccups and keep delinquency time as low as possible, it’s crucial to know what is causing the delays. While pitfalls exist each step of...

Effective September 12, 2022 by  Administrative Order of the NY CHIEF ADMINISTRATIVE JUDGE OF THE COURTS, landlords will be required to use a new Notice of Petition...

Property managers are navigating a minefield of issues in today’s apartment market. Analyzing renter applications for fraud, collecting overdue rent and turning over...

‘The upside is tremendous,’ one credit expert said. Paid medical debt is rolling off consumer credit reports in an overhaul that the credit bureaus say will...

NYC landlord posts giant signs calling out...

In a sign of the times, a fed-up Queens landlord posted two giant banners calling out his allegedly deadbeat tenants for owing him $17,000 in back rent. “MY TENANTS ON THE FIRST FLOOR ARE NOT PAYING RENT” read the bold posters slung above the first-floor rental on 175th Street in Springfield Gardens. Landlords Calvin and Jean Thompson posted the banners — which can be seen from the Belt Parkway — in the hopes of shaming their tenants into paying up. It was also featured in a TikTok video that got more than 14,000 likes — and supportive comments like, “Not paying your bills is ghetto.” The Thompsons have owned the two-family home since 1989. They began the process of... Read more

In a unanimous vote on Tuesday, the D.C. Council permanently barred landlords from filing evictions against tenants who owe less than $600, sealed some eviction...

As multifamily operators resume evictions post-moratorium, they are seeking a streamlined process that returns operations to normal as quickly as possible....

The report provides signs of both hope and concern for independent landlords. A new report is offering real-time glimpses into how well non-institutional landlords are...

Multifamily owners and operators aren't strangers to sharing data. For decades, apartment communities have swapped information about occupancy rates and actual...