Property Management News
As a landlord, you may wish to collect additional fees from tenants who own pets. These common questions can help you determine what’s legal. More than half of U.S. households—including renters—have pets. Not all landlords allow pets, but those who do are advised to take special precautions to safeguard their property and minimize any disputes that may arise. Below, we’ll explain which types of pet deposits, special rent payments, and pet fees are legal to collect as a landlord. Which types of pet deposits, rent, and additional fees can I collect from tenants? Additional deposits for pets and non-refundable pet fees are prohibited in some states, while pet rent (specifically,... Read more
Staying competitive and sticking to the basics in multifamily communities means showing residents how much on-site and property management teams care. In today’s...
Purchasing a rental property with existing tenants sounds like a no-brainer: After all, the issue of locating tenants in the first place is solved, right? Maybe, but...
Buying rental properties that are in a distressed state is one strategy for making money as a property investor. Rental properties that are old or are in...
A topic for many Department of Housing and Urban Development (HUD) multifamily owners has been the need for more flexibility in declaring and handling profits—also...
The apartment shopping experience is leaving apartment operators trying to catch up with warp-speed consumer needs by optimizing the apartment search and expediting the buying process. Modern consumers have a need for speed. Think Amazon: Customers shopping online can research, review, evaluate and make purchases within a matter of minutes. The online shopping experience has set a new standard of customer expectation; shopping must be intuitive, efficient and personalized. With more renters searching online for their next apartment homes, that expectation remains the same for multifamily. Apartment operators are trying to catch up with warp-speed consumer needs by optimizing the apartment... Read more
By Mike Butler, Author of Landlord on Autopilot Our real estate market along with pert’ near everything in our economy is already smack dab in the middle of an...
Ask almost anyone in property management if their community is pet friendly, and the answer is almost always a resounding yes. “Of course we take pets,” or “we...
The Fair Housing Act makes it illegal for landlords to discriminate against tenants or prospective renters based on their ancestry. (The FHA specifies that...
If you’re embarking on renovations on a tight budget, it can be hard to decide what to do first. We asked experts to identify the best projects for your wallet...
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