Property Management News

How Chatbots Are Transforming the Leasing Process

Ready to turn inquiries into signed leases with the power of chatbots? Dive in and discover how these intelligent assistants can transform your 2024 into a year of unparalleled success.   How exactly are chatbots transforming the game? Pre-Qualifying Leads 24/7 Imagine a tireless assistant working around the clock to engage potential renters. Chatbots do just that, using scripted dialogues and AI-powered decision trees to ask relevant questions and gather essential information. They can qualify leads based on budget, desired move-in date, and preferred amenities, saving real estate professionals valuable time and effort. Answering FAQs Instantly Let’s face it, many apartment seekers... Read more

A good turn is the key to a successful move in! These are the lessons I’ve learned, both as a Regional Property Manager and a On-Site Manager, on how to walk...

The U.S. Department of Housing and Urban Development (HUD) Office of Inspector General (OIG) conducts independent audits, evaluations, investigations, and other reviews...

With transactions down and new developments largely put on the back burner for now, even the big names in multifamily are getting creative to keep busy and generate...

Accelerated demand for larger apartments falls off as everyone can get away from each other again. There was noted heavy demand for more space during the heights of the...

Understanding Multifamily Property Types

Diving into the world of multifamily real estate investment, you’ll quickly encounter terms like Class A, Class B, and Class C properties. These classifications are crucial for investors like you to understand as they guide decisions on risk, return, and investment strategy. Let’s break down these categories to help you navigate the multifamily property landscape effectively. Class A properties represent the pinnacle of multifamily real estate. These are high-end, luxury apartments typically found in prime locations. They boast the latest amenities and high-quality finishes and are often newly constructed or recently renovated. Investors are drawn to Class A properties for... Read more

Peter Avitabile sat in his pickup truck outside his Rockland townhouse — a place he hadn’t set foot in for two years — fuming about the tenant who refused to...

The Los Angeles County Board of Supervisors has unanimously voted to increase apartment inspections and withhold rent payments from negligent landlords, a vote that...

Given the escalating demand of renters and the pressing issues of low occupancy rates, multifamily property managers face a constant task of guaranteeing an exceptional...

Real estate investing can be an extremely lucrative business if done right. One of the most important skills for a successful real estate investor is the ability to...