Property Management News

Written by C. Gabriel Lewis Over the years I have learned a lot about searching for new tenants.  When I purchased my first rental property I had to learn the hard way about what it takes to find good tenants and starting off on the right foot.  Below are nine things you can do to avoid some major headaches when it comes to dealing with rental prospects: Never take them just at their word.  I cannot tell you how many times I’ve had folks lie to me with a smile.  Some are even good at it to the point they should be professional actors and actresses.  Have them fill out an application and get copies of ID’s and pay stubs.  This would be a good start in verifying if they...Read more >

Apartment rents continue to grow more slowly than before. The cities where rents grew the most in 2016 are still top cities for rent growth this year, but their lead is getting smaller. “A year ago there was a pretty big spread between Houston, which had rent growth of about 1 percent, and Sacramento, which was much larger –nearly 12 percent,” says Jay Denton, senior vice president with data firm Axiometrics. Today, no major metro areas have annual rent growth of more than 10 percent. Rents are still growing the most in markets with new jobs and relatively few new apartments. Many of those markets are cities and towns that were hit hard by the housing crash. These are...Read more >