Property Management News

Spotting Water Infiltration Early Can Save...

Property damage from water infiltration can cost thousands of dollars in expensive, time-consuming repairs to your rentals. For instance,  just 1 inch of flood water can cause $25,000 in damage to a home. Spotting the signs of water infiltration early can mitigate the damage to your rental properties, and your wallet. In this article, we’ll discuss some of the major ways water can damage your property, and look at the early warning signs of water infiltration. We’ll also briefly talk about ways you can be proactive in protecting your rental properties against water damage. How Heavy Rainfall Can Cause Property Damage On average, Massachusetts receives 45 to 55 inches of rain... Read more

New York City Department of Housing Preservation and Development (HPD) Commissioner Adolfo Carrion Jr. has announced a new program that encourages New Yorkers to build...

It takes a small army of professionals—everyone from on-site handymen to licensed professional tradespeople and engineers—to maintain multifamily buildings, both...

Investors purchasing apartment complexes have used the same formula for renovation for years. They put in new countertops and flooring, painted the property's...

In the future, new multifamily buildings might not be allowed to rely on gas-powered appliances. Why this is a good thing (and why your residents will thank...

A Model Apartment Can Turn a Lookie-Loo into a...

Have you ever shown your cold, vacant, unfurnished rental unit to a prospective tenant who immediately said,” “I want to live here”? Not often, I would bet. But show that same applicant the same floorplan all done up as a warm, welcoming model apartment and the response will be quite different.  A common sign that a lookie-loo has turned into a tenant is when they sit down in the model and make themselves at home. They can’t do that if there isn’t any furniture to sit on.  In real estate, apartment staging is the process of setting up a vacant unit with furniture and decor to improve its visual appeal and help possible residents imagine themselves living there. The goal of... Read more

New research suggests reductions in parking space requirements for apartment projects can lower development costs and rents and lessen environmental impacts. Parking...

While I was on vacation in Switzerland in September of this year Florida residents saw the awesome power of nature as Hurricane Irma tore through southern Florida. The...

This month, we talked about winterization during our morning coffee here in my part of Virginia. We are fortunate not to get too many winter storms, but as a result,...

Contractor scams are both common and costly. The best way to avoid these scams is to be aware of how they work and use your best judgment. Here’s everything you need...