Property Management News

Occupancy rates are ideal and residents are content, but there is still one problem – a number of residents perpetually fall behind on their rent payments each month. An October Census Household Pulse survey found that nearly 4.9 million households are behind on rent. This is an issue that has burdened the industry since its inception, leading to a unified goal of the multifamily sector – improve the rent collection process to reduce delinquencies and increase revenue. A Paradigm Shift People still struggle to pay rent. More than 12 million residents are substantially cost burdened , spending over 50% of their income on housing and utilities. Traditionally, enforcing the... Read more

Real estate investing offers the potential for attractive returns through rental income and property appreciation. However, it also comes with significant risks that need to be addressed. This article provides property investors essential guidance on identifying, evaluating, and managing major real estate investment hazards.     Conducting Due Diligence is the First Line of Defense    Before committing money to a rental real estate purchase, follow these best practices for conducting thorough due diligence:   Inspect the Property Condition and Assess Vacancy and Maintenance Risks   Carefully examining the physical premises and financial statements is crucial for... Read more