Property Management News
Peter Avitabile sat in his pickup truck outside his Rockland townhouse — a place he hadn’t set foot in for two years — fuming about the tenant who refused to pay rent and refused to leave. “God forbid someone pay to live in their property,” Avitabile said, staring at the front door of the apartment he first rented to the tenant in November of 2020. “I paid for this woman to live there for two years now, on my own dime, and I’m probably never going to see that money again.” With sky-high rents and a lack of affordable housing, it can be hard to have sympathy for landlords. Massachusetts has instituted strong protections against unscrupulous property owners, but it... Read more
Occupancy rates are ideal and residents are content, but there is still one problem – a number of residents perpetually fall behind on their rent payments each month....
Navigating the complexities of accommodation requests under the Fair Housing Act is essential for creating inclusive and equitable living spaces. When these requests...
Why do photos matter? Higher rent, better tenants. Great photographs are more than just aesthetically pleasing—they increase online clicks, bringing you more...
The real estate sector presents many investment opportunities with unique benefits and challenges. Among these, multifamily properties are a particularly compelling...
It is not uncommon for the expenses on a multifamily property to consume 50%+ of the income on a given property. Reducing expenses is one of the most common business strategies to increase NOI on a property and thereby its value. Whether you are an active or passive investor, it makes sense to have a strong grasp on the expenses commonly seen on multifamily deals. Today’s article looks at many of the expenses often encountered on a property’s P&L statement and discusses some of the things you should considered when reviewing them. What are the common expenses? Advertising: The world of leasing apartments is a sales business. In the world of sales it is certainly... Read more
When Terri Clifton began sifting through insurance policy renewal offers for Better World Properties’ multifamily assets last month, she felt a moment of relief that...
In the ultra-competitive world of multifamily property management, your online reputation is more crucial than ever. The importance of actively managing and responding...
If you own rental real estate, you should be aware of your federal tax responsibilities. All rental income must be reported on your tax return, and in general the...
In the world of apartment living, amenities can make or break a rental experience. With an ever-growing list of features and services, how do you know which amenities...
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