Property Management News
New research shows that apartment communities’ online reputation is having an even greater impact on properties’ revenue, particularly in comparison to their market’s average performance. Apartment owners and managers are facing more uncertainty and uncontrollable factors when planning, executing and operating their communities. Unstable materials costs; troubling overall economic conditions related to employment and inflation; and disruptive health issues are among things that are out of their hands. One thing that they can control is their reputation—and by focusing on providing excellent resident experiences and supporting their staff, that reputation (and revenue) will likely... Read more
The long-running historically low-interest rates have created many options for landlords. First of all, many more people have been able to get into this investment game...
The end of the grace period and how landlords should deal with unpaid rent is something they should discuss with their attorneys. It’s now February, a month many have...
Always wanted to invest in real estate? 2022 could be your year. Let’s go over the pros and cons of investing in real estate in 2022. Think you’re interested...
As a landlord, it is your priority to protect both yourself and your property when choosing to rent it out. Performing thorough background checks is one way to help...
The New York City Council passed a bill last week requiring homes listed on short-term rental sites like Airbnb to register with the city, in the hopes of increasing the Big Apple’s housing stock and in an effort to crack down on illegal listings. With the bill’s sponsors expecting the outgoing mayor to sign it into law, here’s what you need to know about what the new rule means. The bill itself is aimed at enforcing New York’s multiple dwelling law, an existing rule which makes it illegal to rent an entire apartment in a building with three or more units or one to two-family home for less than 30 days. Shorter rentals are legal in the city, but only if the resident is home... Read more
According to US Census Data, 14.2% of the renter population changed households between 2019 and 2020. However, apartment turnover rates have continued to decrease...
In some situations, property owners can benefit from a lawyer’s help. Learn when to consult an attorney. If, like many landlords, you own or manage only a few...
A lot of work goes into applying for a mortgage — from rounding up your financial records to making sure your credit score is in tiptop shape. Another important...
There are over 10 million individual landlords in the United States, each with its own methods for rent collection. How a landlord collects rent, what they charge,...
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