Property Management News

What market is twice as big as the hotel industry and has not yet been disrupted by technology? The small residential industry. If you've never heard of it, there’s a reason. People often refer to multifamily as an industry representing all buildings/complexes with anywhere from two units to over 1,000 units. Less familiar to some, but also very large, is the single-family rental industry. However, separating the rental housing sector into these two categories misses the mark. Allow me to introduce two alternative categories: small residential and large residential. I define small residential to include all single-family rental (SFR) homes and multifamily buildings with up to 49 units,...Read more >

BRATTLEBORO, Vt. (AP) — For one local property owner, having to deal with the scourge of drugs in his neighborhood is just part of doing business. "There is opportunity to go along with the problems," said Josh Dillingham, who owns two rental properties in Brattleboro and one in Hinsdale, New Hampshire. One of those properties is 133 Canal St., in Brattleboro. "This area is known for drug activity," said Dillingham, a billing coordinator at the Brattleboro Retreat. "But when I bought this place, the price was right because of the circumstances. The building is in good shape and I know if I wait long enough I can find decent tenants to move in and still make...Read more >