Property Management News
If you are a landlord or renter involved with military service members, it’s essential to understand the unique housing challenges and opportunities they face. Frequent relocations impact military rental properties and real estate markets significantly. This article provides crucial insights on military tenants, the benefits of homeownership for service members, and how military personnel can successfully transition into landlords to manage their properties effectively from a distance. Those in our armed forces move on average every 2-3 years — 10 times more than the non-military population. Outside of military housing, with so many military service members on the move and with such... Read more
After a gradual phase-out, 100% bonus depreciation is making a timely comeback—and the implications for the real estate sector are substantial. For those investing in...
In the 10 worst states to be a landlord, it can be tough between taxes, tenants who don’t live up to their lease agreements, maintenance woes, and the cost of...
Imagine living in (or renting out) an apartment where rent doesn’t jump hundreds of dollars each year. The price stays steady, the lease keeps renewing, and tenants...
What is a service animal? Not a pet. Service animals are considered a type of medical equipment, rather than a pet. Service animals are animals (usually dogs)...
If you own or operate multifamily properties, one of the most overlooked ways to boost cash flow isn’t operational. It’s strategic, lives in the tax code, and it’s called cost segregation. Most investors are familiar with depreciation: spreading out the cost of a building over 27.5 years (for residential) or 39 years (for commercial). But what many investors don’t realize is that not all parts of a building age at the same rate. Things like carpet, flooring, lighting, parking lots don’t last three decades and the IRS has guidelines to address the differences. Cost segregation is the process of identifying and reclassifying certain components of a property so... Read more
A major change is coming to New York City’s rental market this week: the end of costly, upfront broker fees for most tenants searching for apartments. A new law...
Changes to California law (specifically, Cal. Civ. Code Section 1950.5(g)-(h)) effective this year will obligate residential landlords to photographically document the...
When renters search for a new place to live, they probably have a checklist of must-haves—and maybe blinds are one of them. But then, it’s time to move in, and...
When recession fears rise, budget cuts often follow—and education directors are being asked to make hard choices. Training programs frequently top the list of cuts,...
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