Landlord Quick Tips

I have always been a sucker for passive-income deals. The idea of being able to spend some money up front for a monthly return is really attractive to me. So the thought of buying investment property is something I investigated early in my life. Over the past 14 years of being a landlord, I’ve learned a few…

The co-living concept has grown from niche offering to a more mature multifamily product, growing from 100 to over 7,000 beds across North America in the past five years. One has to wonder, however, if the meteoric rise of this ultra-dense living set up may fall back to Earth in light of COVID-19. In the…

Answering questions is part of the routine in property management. Some questions can lead us into fair housing hot water if we are not careful with our answers. Answering Questions – Your Communication Options In a previous post, we discussed how to answer questions on the telephone. That is by no means the only form of…

Ideally, apartment communities heading into the winter months have already achieved their desired occupancy rate. Their supply is low enough that leasing agents can relax some knowing that they’re not having to pray for excess demand. But that’s not the case for every community (regardless of property class) as the seasonal slowdown period begins, especially…

It’s not a controversial observation to note that the COVID-19 pandemic (and the related quarantine limitations and shutdowns) has presented an unprecedented series of operational and financial challenges for the commercial real estate sector. Landlords and tenants alike have struggled to adapt to new restrictions and limitations, mandatory closures and public health guidelines, and rapidly…

Apartments in Phoenix are extremely popular right now and demand for them does not seem to be waning. The soaring interest in the Phoenix apartment market leaves potential investors with a few questions. Why is this happening? What are the specific areas that one should give attention to? Finally, how can you structure a deal…

Q: I live in a Manhattan condo with a no-pet policy. I recently requested an exception to the rule because I need a dog as an emotional-support animal. The board rejected my request, claiming that because there is no definitive proof that dogs cannot spread coronavirus to humans, permitting one in the building endangers the…

  By Dean Richmond, Senior Director of Marketing at Nextivity, Inc. Seniors are more digitally connected than ever. Research finds that 80% of older adults have a cellphone of some kind. They often use cellphones for making doctors’ appointments, setting reminders, and even paying bills. But very importantly, cellphones keep older adults in touch with…

There is no denying that right now, COVID-19 continues to affect the real-estate and rental market. If you’re a property manager or landlord of a multifamily housing community or complex, navigating these waters for the last eight months has been somewhat challenging. Nevertheless, with no real end in sight, mass unemployment, fluctuation in available job…

Despite the fact that stocks begin to rise three to six months before economic recovery, the real estate market hasn’t taken much of a hit thanks to the pandemic. If you have available units to fill, chances are good that there are a number of prospective tenants waiting to find suitable housing. But before you approve the…