Property Management News
Normal wear and tear doesn’t count When a tenant moves into a rental property, he or she will pay the landlord a security deposit in addition to first month’s rent. This deposit will typically be returned to the tenant at the end of the lease term, as long as the tenant follows all the terms of the lease agreement. Learn common reasons a tenant may not be entitled to the return of their security deposit, in whole or in part. Key Takeaways Landlords can keep the security deposit if the tenant breaks the lease or doesn’t pay rent. Landlords can also keep the security deposit when there is property damage (beyond normal wear and tear). Cleaning costs and unpaid utilities... Read more
Traditional models often work well, but only to a point. Once the parameters change, those traditional methods can become obsolete in a hurry. The apartment industry has...
Despite inflation and rising rates, multifamily maintains many of the same strong fundamentals as it did at the end of 2021. Apartment rents have surpassed pre-pandemic...
There’s been a lot of talk these days about whether the US economy is in a recession or not. And this has been muddied by the fact that the White House recently made...
7 ways to deal with uncooperative tenants so you can act quickly, stay within legal limits and document your interactions with problem tenants. When you’re a landlord...
The time has come for workers to make their return to their downtown Chicago offices. For some workers, that return may be easier than others, since they have opted to live just a short walk away from Chicago’s downtown office hub — and developers are taking notice. Liz Gagliardi, senior managing director and co-lead of Newmark’s Multifamily Capital Markets Group, said downtown Chicago has bounced back, particularly within the multifamily sector, with fundamentals exceeding pre-pandemic levels. Within the multifamily industry, Gagliardi has been representing clients in dispositions, joint venture structuring, portfolio sales, valuation and underwriting for more than 17... Read more
Ballots haven’t even been printed yet, but already a group of landlords, apartment managers and real estate agents in Florida want to stop voters from deciding on...
When US renters can compare the energy efficiency of houses or apartments, they are 21% more likely to choose an efficient one, a new study found. If prospective...
NYC has as many as 20,000 residential units available for short-term rentals on sites like Airbnb and Vrbo, Curbed reports. But finding housing remains a struggle...
Investors can justify per-unit pricing of more than $500,000 for older assets in coastal markets due to tight inventory and rising rental rates. Earlier this month, The...
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