Property Management News
Energy efficiency in residential apartments is different than in commercial, industrial or other types of structures or facilities. Differences can include the way in which upgrades and retrofits are done and the financing structures supporting these changes. The motivation of ownership and tenants to implement technology to cut energy may not be as clear cut as in other scenarios. There also can be differences between use patterns depending upon the status of the tenant. “The difference lies in the contrasting habits between residents who own a space and those who lease a space,” wrote Maureen Lambe, the Executive Vice President of the National Apartment Association’s Education... Read more
Retail sales during the weekend from Black Friday through Cyber Monday reached record proportions this year, which is positive news for the apartment market. While there...
NEW YORK CITY – The Obama administration has banned smoking in NYCHA residences and public housing developments nationwide. The Department of Housing and Urban...
New York City housing and finance officials will notify 3,000 landlords this week that they will lose a lucrative property tax break unless they follow procedures aimed...
It’s no secret that newly built apartments in urban areas are commanding high rents. But newly released numbers from MPF Research show just how costly new...
Instead of asking what types of amenities residents want, we need to understand what fundamental problems they face and work to solve them. We’ve all heard about the “amenities arms race”—developers and property managers looking to get ahead of one another by offering increasingly modern and creative amenities packages in their buildings. Some are still just checking off boxes: bike room, check; gym, check; pool, check; while others are really stretching to be different: personal cabanas at rooftop pools, doggie day care centers and private spa service rooms. However, if we don’t assess whether these amenities are truly delivering long-term satisfaction to residents, we run the... Read more
As someone looking to become a property manager, your responsibility is to make sure everything runs smoothly while keeping your residents safe and happy. To some, this...
Increasing rental rates and home prices have been a hot topic of conversation for some time. There’s a perfect storm of factors: Homeownership is the lowest it’s...
Soon, investors will find themselves purchasing more single-family rental properties due to the changing of seasons. The Seasonal Single-Family Rental Investment...
Just like “The Matrix,” you can’t really see a bubble while you’re in one… but there are some telltale signs. If you were burned in...
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