Property Management News
After a long search, you finally bought the perfect property. You like the location. It’s all fixed up the way you want it. You’re excited to find tenants. You’re ready to start making money. Before you dive into the deep end, though, there are some things you might want to know. Every landlord makes mistakes. Inevitably, you will as well. However, minimizing most of those errors could be the difference between turning a profit and falling into the red. In this article, we’re going to look at 5 common mistakes landlords make that kill profit: Not turning units over quickly Poor tenant screening Mishandling maintenance issues Being too lenient Ignorance of laws and... Read more
Lower-waged job growth, the end of “bargain” rents, and build-to-rent single family homes could have a big impact. Let’s talk about 2022. Apartment demand has...
Hundreds of thousands of households across the state already owe back rent as a result of the pandemic, and face eviction when protections expire on Jan. 15. The Good...
Children need good, safe places to call home, just like everyone else. Federal and state housing laws work to protect those who are most vulnerable to discrimination,...
The office market remains in the dumps. Downtown vacancy rates are the highest they’ve been since 1994. Many central business districts have now had seven...
Over the last 20 months, unprecedented shifts have led to new migration patterns. And while some aspects of the COVID-19 pandemic that led to it are waning, many other societal shifts — remote work chief among them — are still at play. Of renters looking to move, an average of 40 percent were looking to move out of the metro where they resided in the third quarter of 2021, according to a report from Apartment List, based on searches on their platform. While San Francisco far exceeds that level, with over 50 percent of renters on the move looking to exit, both Los Angeles and New York fell below the national average. Miami was far below it, with only 22 percent of searchers... Read more
Transit-oriented developments — high-density, mixed-use communities close to public transportation — are becoming increasingly popular. Meant to combine the best...
In the course of your duties as a landlord or property manager, you’re likely to come across the ever-frugal tenant who wants to negotiate the rent. Now, for most...
You'll need trust and a whole lot of patience. So you've accepted recommendations, then thoroughly vetted and interviewed and hired someone to help with your...
For multifamily property investors, the question of how much to grow an existing portfolio can be a difficult one to answer. On one hand, creating new streams of revenue...