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

A lease guarantor is an individual or entity who agrees to take responsibility for the lease obligations of a tenant if they are unable to fulfill them. They provide a...

Your best promoters are already living with you. But your referral programs may be drowning in inefficiency, hindering your residents from bringing their friends on...

Multifamily real estate investments offer significant potential for stable cash flow and long-term financial growth. However, the success of such investments heavily...

In the diverse realm of real estate, one sector that consistently garners attention is the multifamily property market. Multifamily properties serve as lucrative...

Settlements, Waivers, and Releases: Make Your...

Landlords may not realize that, without a proper settlement document over tenant disputes and payments, they may cause headaches for themselves down the road. The landlord/tenant arrangement is no different than any other contractual relationship. Disputes often arise with accusations that one party is not living up to their obligations under the contract or applicable laws. Whether, for example, the tenant alleges their toilet wasn’t fixed quick enough or that the landlord unlawfully entered the premises without notice, money often changes hands as a result. The goal of this is obvious: pay money, make the problem go away. Many landlords mistakenly pay their tenants when a dispute... Read more

The promise of financial returns, stability, and the thrill of ownership often fuels real estate investment decisions. While various real estate options exist, few...

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...

Though many multifamily investors have been able to close transactions in today’s less-than-ideal economic climate, high interest rates remain a challenge for some....

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