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If you’re having occupancy troubles at some of your communities, it’s worth determining whether your digital marketing strategy is part of the problem. Low occupancy numbers don’t necessarily indicate your strategy is bad. After all, vacancies can be high at certain developments for various reasons, including having strong competition or a newly constructed building to…


New York City housing and finance officials will notify 3,000 landlords this week that they will lose a lucrative property tax break unless they follow procedures aimed at limiting rent increases. The move, which would primarily affect owners of smaller buildings, marks a sharp departure from a previous policy of giving away the benefit without…


Liability is always a concern for landlords. Thus, it’s easy to understand why the mention of “mold” and “millions” together would give a property owner nightmares. Not only is indoor exposure to mold known to cause respiratory problems and other health issues in some individuals, but mold is everywhere — and because moisture is critical…


Instead of asking what types of amenities residents want, we need to understand what fundamental problems they face and work to solve them. We’ve all heard about the “amenities arms race”—developers and property managers looking to get ahead of one another by offering increasingly modern and creative amenities packages in their buildings. Some are still…


As someone looking to become a property manager, your responsibility is to make sure everything runs smoothly while keeping your residents safe and happy. To some, this seems easy; but it’s not always smooth sailing when you’re trying to deal with numerous tenants and several complications at the same time, especially if you’re new at…


Most rental property owners worry about protecting their investment. From physical damage to the property to insurance claims to lawsuits brought by tenants, there are myriad ways that you can lose money. Fortunately, minimizing risks in a rental business doesn’t require a ton of money or a staff of experts. All you need to do…


Most people know the difference between renting and owning a home, but there’s a third category many aren’t familiar with called a leasehold property. That’s where you lease (or rent) property, but for far longer than a tenant’s usual one- or two-year time frame. Contracts for leaseholds, in contrast, last for a minimum of 40 years—up to 120!…


If, after reading our article on why it’s a good idea to hire a property management company, you decided to move forward on that, you might wonder what to look for in a property management company. The process requires a careful assessment of your needs, budget and goals as a landlord. There are several factors…


If, like many landlords, you own or manage only a few rental properties, you are unlikely to have a lawyer on staff or even “on retainer” (where you pay a lawyer in advance to handle routine questions and issues). Fortunately, you shouldn’t need to constantly consult a lawyer or even keep one in the wings,…


If your buyers are looking at older homes, remind them to check whether any lead paint is present inside the home and still needs to be removed. Lead was a popular ingredient used in house paint for years until scientists discovered that it could lead to a range of health problems, particularly in children, including…

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