Property Management News
Ensuring tenant retention is crucial for rental properties. It decreases vacancies, lowers turnover costs, secures a reliable rental income, and cultivates a positive community where tenants take better care of the property. By focusing on tenant retention, you can boost profitability and stability in property management. Addressing maintenance promptly, offering incentives, and using technology can enhance tenant satisfaction. Ensuring a safe environment, having a renters insurance program, and providing incentives further solidify tenant relationships. These strategies lead to long-term success. Key Takeaways Reduces turnover costs and vacancies Guarantees stable rental... Read more
Key Takeaways Rent costs grew the most since 2011 last year and nearly four times as much as the year prior, according to the Census Bureau. Rent grew more than home...
Housing finance giants Freddie Mac and Fannie Mae plan to put into practice new minimum lease standards designed to protect tenants at multifamily properties that seek...
A new survey says renters want flexible monthly payment plans, loyalty programs and help with the stress of moving. The RealPage survey of more than 2,000 renters...
Renters are gaining the upper hand in the balance of power with landlords. Apartment units are staying on the market for longer. Vacancy rates are rising. And rental...
Yes, a landlord can live on the property they rent out. This is common in multi-unit buildings or in cases where the landlord rents out a portion of their home. However, the landlord must still adhere to tenant privacy laws and lease agreements. Living on the same property can offer convenience for the landlord in terms of overseeing maintenance and addressing tenant issues promptly. It can also provide a closer connection to the property and its surroundings. However, challenges may arise when it comes to maintaining boundaries and privacy, as well as potential conflicts with tenants. Landlords considering this arrangement should carefully weigh the potential advantages and drawbacks,... Read more
Renting your property can be intimidating, especially if you’re an independent landlord renting out a house for the first time. Don’t worry; we’ve got...
The U.S. Department of Housing and Urban Development (HUD) on Monday announced a new $175 million notice of funding opportunity (NOFO) under its Continuum of Care...
When considering effective financing strategies for your multifamily rental properties, focus on selecting loans with extended terms and fixed rates, such as...
Evictions seem on the rebound after an extended period of moratoriums and pandemic economic aid to tenants. According to data across 34 cities in 10 states from the...
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