Property Management News
Resident renewals have long represented one of multifamily’s unrealized opportunities. Many operators have approached their efforts to retain residents with only half-hearted attempts and outdated software, inadvertently leaving potential revenue and numerous business benefits on the table. In light of the recent decline in demand for new leases following years of a highly competitive market, apartment companies may now begin to prioritize resident renewals. Unfortunately, many operators still mistakenly view the renewal process as essentially identical to signing a lease with a new resident. To truly optimize their retention performance in both strong and softer markets, multifamily... Read more
Owners of large commercial real estate portfolios typically have internal staff to deal with assessed property values and the resultant taxes on a regular basis. But...
At a time when more and more landlords are reporting rent payments to the three major credit repositories, a major bipartisan housing think tank is suggesting ways...
Ever wish there was a roadmap for apartment branding? Meet apartment brand guidelines. This…map won’t look like anyone else’s. Except for the main elements...
For over two decades, Rory Steinel and his wife have rented out their beachside home along the Jersey Shore during the busy summer months. The property has always been...
Though similar, split-levels and bi-levels aren’t the same. Learn what a bi-level home is, plus potential downsides every potential buyer or seller should know. You’ve likely heard of split-level and bi-level homes, but did you know they refer to completely different floor plans? While both feature steps and staggered floors, a split-level and a bi-level are not the same—and one of these floorplans can be harder to sell than the other. “Bi-level homes seem to have been most popular from the ’60s to the ’80s,” says Bret Weinstein, CEO of Guide Real Estate. “Though we do occasionally see new construction with them, this seems to be more and more exceedingly rare, as the... Read more
A City Council member is sponsoring a bill that takes on the ever-present role of broker fees in the New York City apartment hunt. Council Member Chi Ossé is fronting...
This alternative home type might be an affordable option for people in a competitive home market. Here’s what you should know before you buy one. If you’re...
Many leases have no-smoking addendums, prohibiting smoking cigarettes on the premises. Lots of rentals in Massachusetts ban smoking of any kind. In 2016, when marijuana...
Education and collaboration are critical for dealing with the pest. Bedbugs are found in apartment buildings, hotels, single-family homes, and even recently Hawaii’s...
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