Property Management News

Sean Wotherspoon spent Saturday night in his Los Angeles home, watching live as his businesses were destroyed.He watched as security-camera feeds showed people shattering the plate glass windows of his Round Two store on Melrose Avenue and walking out with more than $250,000 worth of high-end street wear. He saw them make off with about as much inventory from his vintage store next door. He watched as the Round Two location on the other side of the country in Richmond, Va., was hollowed out by fire.“I’ve been robbed before, but nothing like this,” Wotherspoon said.Protests over the police killing in Minneapolis of George Floyd continued in cities across the country Sunday...Read more >

A new survey of 25,000 apartment residents by Kingsley Associates and Apartments.com suggests that soliciting feedback is a good practice for property managers.Safety and communication have emerged as key concerns for multifamily residents as property managers grapple with coronavirus and its economic aftermath, according to new survey data released by Kingsley Associates and Apartments.com.The sentiment survey of nearly 15,000 U.S. renters, which follows up on a similar study last month, found that 30 percent of residents said they would ask landlords to defer their rent as of mid-May, compared to 40 percent in the last round. This suggests that confidence...Read more >