Property Management News
If hot summer days leave you sitting in front of the fan or you need to walk around the house with a blanket in the winter, it’s probably time to rethink your HVAC system. The cost of a new HVAC system sits between $5,000 to $12,500, depending on the size of the unit, whether you need new components, and the brand you select. How Much Does a New HVAC System Cost by Unit? HVAC systems vary quite a bit, as the more square footage you have in your home, the bigger the unit you’re going to need. If you’ve added on square footage to the house with an extension or finished the garage, now would be a great time to get some air flowing to those areas. Cost of a Furnace The furnace is... Read more
Here’s how landlords can prep for 2022 — and whatever it may bring. Key Points Landlords had a challenging year. Now’s the time to act if you want...
A slew of initiatives aimed at the addressing the nation’s housing crisis passed on Tuesday, a test run for ballot choices in 2022 as more cities and states take aim...
A stringent 3 percent rent control measure has passed in St. Paul, Minn., and Minneapolis voters also approved rent control in concept, according to reports. Voters...
When the coronavirus outbreak exploded and millions of jobs were shed overnight, it became clear that massive amounts of relief would be needed to prevent an all-out...
Inflation can present challenges, but it also presents opportunities, especially with two unique situations that are occurring today. It has been more almost 40 years since we have seen widespread inflation. Inflation is great for homeowners For homeowners today, as well as consumers looking to buy a home, inflation is your friend. Your monthly mortgage costs will be fixed for 30 years while there will be Upward pressure on your home value. The cost to build a home like the one you own will go up, giving some upward lift to your home value Rising incomes. Your income will go up more than usual while your employer likely passes some of that increases on to your customers. In summary,... Read more
When you look at the trends, “it is hard to see why multifamily wouldn’t be a booming asset class,” says Mike Procopio, CEO of The Procopio Companies. The...
The change is probably temporary and explained by obvious factors. If 2020 weren’t odd enough in commercial real estate, it now seems that more single-family homes...
Landlords have two choices when they need to rerent property: Wait for the current tenant to move out before showing the unit to prospective tenants. Show the...
As homebuying reaches a fevered pitch across the U.S., contractors in New York and several other states are facing the most severe shortage of skilled construction...
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