Property Management News

As rents and eviction rates rise across the country, more cities and states are debating rent control policies, which housing advocates say are needed to keep more people in their homes. Affordable housing experts say rents in booming housing markets and in commuter towns have been rising too much and too quickly, putting the most pressure on the poorest residents and fueling the country's homelessness crisis. "The difference between housing and food is you can eat less, but with housing, at some point you'll be homeless," said Gary Blasi, a public interest lawyer and housing rights expert in Los Angeles. "The market says you can have all the housing you can... Read more

In over 40 years of experience in this business, I’ve seen pretty much everything. As a result, I’ve developed what you might call an intuition for evaluating deals. Don’t get me wrong; that doesn’t leave my “gut” in charge of which multifamily properties I do and don’t buy. But it does help me to know a bad deal when I see one. You may not have that intuition yet. Don’t worry; you will. For now, here are 7 strong reasons to walk away from a deal or, at the very least, to proceed very cautiously: Drop-in Drama Don’t just rely on your initial walk through the property. It’s one thing to check out a property with a seller or his broker. It’s quite another to... Read more