Property Management News
Starting with loan applications in June, 25% of ground floor units must be inspected. The amount of testing of ground-floor apartment units was raised from 10 percent to 25 percent by the Federal Housing Finance Agency based on its new radon standard testing requirements for properties backed by Fannie Mae and Freddie Mac. This modification will apply to multifamily properties with loan applications received after June 30, 2023. The new requirements also call for an environmental professional to oversee radon testing and that tenants must be notified of radon testing. Fannie Mae and Freddie Mac will also collaborate with housing providers, radon industry stakeholders, and the... Read more
Make the switch to a tankless system to get on-demand hot water. When a tank-style water heater reaches the end of its life, the efficiency of the heating system is...
Apartment hunting can be challenging for electric vehicle owners since they see charging stations as a necessity, not an amenity, in the community. Electric vehicle...
Two new high-rises in the Bronx are installing a system called SHARC that captures wastewater for heating and cooling. At two high-rise apartment buildings in the...
2023 is here! Whether you set resolutions or not, a new year is a natural time to think about building and bettering properties for the sake of business growth and...
In early December, L.A. became the 69th and largest city in the state to require all new buildings to be all-electric. That’ll be the law of the land for new construction come end of January, according to the ordinance (there are exceptions for emergency equipment and commercial cooking). From their materials to gas hookups, existing buildings make up more than 40% of L.A.’s greenhouse gas emissions. That’s why the city wants to make sure new buildings don’t add to that footprint. “If we want to reach our goals around climate change, we're going to really have to look critically at how we can reduce the emissions being produced by buildings,” said Ben Stapleton,... Read more
Multifamily owners and developers are familiar with the substantial upfront costs of building, renovating and upgrading properties, especially when it comes to...
The way that we organize our cities has a profound impact on our carbon footprints. As much of the US boils under an oppressive heat wave, discussions about climate...
New York Attorney General Letitia James announced an agreement resolving her lawsuit against landlord John Kiggins and his company, Endzone Properties, Inc., for...
Going smoke-free in your rentals is important as the dangers of thirdhand smoke are not well-known as toxic chemicals stick to surfaces. The dangers of smoking and...