Property Management News
When the Covid-19 pandemic hit the U.S., multifamily owners and leadership had to respond rapidly and adjust accordingly in order to protect the health and safety of their residents and employees and maintain operations. As we dive into the new year, it’s likely many of the changes that were put in place will continue to influence the way we conduct business in 2021 and years to come. Contactless solutions are here to stay Due to the restrictions that were implemented as a result of Covid-19, site-level teams had to rethink the way they service their residents. Gone are the days of conducting all interactions in-person; contactless methods had to be introduced in order to keep a safe... Read more
(Bloomberg) — New York’s apartment investors are suddenly waist-deep in distress. By December, they were behind on $395 million of debt backed by mortgage bonds,...
ALBANY, N.Y. (WRGB) — As the state’s newest eviction ban brought much needed relief to tenants facing financial hardship due to the pandemic, it has left some...
It’s certainly your house to sell. But tenant-occupied investment houses present unique challenges when landlords are ready to sell. You have two primary concerns that...
How do you get more rental applications? This is the cornerstone question for any property manager. Quite simply, to draw in new business and ensure you have the...
Changes have been made to the executive order, however, giving landlords some relief while placing wealthier tenants outside of protective reach. Buried in the jampacked political news cycle last week was another extension of assistance for Illinois renters, but the extra month of rent relief provides fewer protections than previous iterations of the program. Previously-passed eviction moratoriums from March through October applied to all tenants, regardless of financial circumstances. Now, renters will have to fill out a declaration form, showing they continue to face severe financial shortfalls due to the economic displacements caused by the ongoing coronavirus pandemic. “So evictions... Read more
Photo by Stephan Müller from Pexels Nearly a year after the initial onset of COVID-19, the United States is still struggling to recover. The virus has resulted in a...
Multifamily developers are flexing their muscles, “flexing” being the operative term. As in being flexible enough to adapt to today’s turbulent market. Some are...
Times are challenging for multifamily landlords with nonpaying (or slow paying) tenants. Below is a snapshot of the primary eviction impediment requiring that...
Days after Christmas, landlords and tenants came to courthouses across Hampton Roads — the landlords hoping to wrest control of the apartments they’d rented out;...
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