Property Management News

Opinion: 5 financial planning tips for landlords

Rental property can be an excellent income-producing investment, if you know what you’re doing. However, it can be disastrous if you fail to plan – and the list of potential problems is long. Do your research, including talking to experienced landlords, and get professional tax and financial planning advice before diving in. Here are some basics. 1. It’s a business. Seek continual improvement in your business practices, including evaluating, purchasing and maintaining properties; screening tenants; managing cash flow and taxes; and knowing when to cut losses and get out of a particular holding. Create a business entity to own rental property – don’t own it directly with... Read more

The pandemic has had little impact on the main reason residents renew their leases. Or, to paraphrase the lyrics in “Once in a Lifetime,” the popular rock ballad...

As we work through the pandemic, here are some lease renewals thoughts that could apply post-pandemic that landlords and property managers may want to consider going...

Online marketing is pivotal for apartment communities because every prospective resident can complete their entire search on just a computer or smartphone. But simply...

With summer just around the corner, I look forward to slipping on my waders, stepping into a river, and casting my fly rod in search of that trophy fish. But before I...

Skyrocketing Property Insurance Costs: How To...

Recent news coverage around the struggles facing multifamily real estate owners centers on rent moratoriums, which were extended to June 30, 2021. These are proving to be a significant risk to the industry even with rental assistance. However, there’s another more subtle threat that is also eating away at profitability: rising insurance costs. Premiums for the multifamily sector for both property and liability insurance have not only increased more than any other real estate market, but they have also risen at rates (10%-40% for the past two years) that haven’t been seen in more than a decade. In addition, insurance carriers are shifting the liability risk to apartment owners by... Read more

[caption id="attachment_36121" align="alignright" width="300"] Photo by Ketut Subiyanto from Pexels[/caption] There are lots of...

ORLANDO, Florida (Reuters) - Marvia Robinson was dead tired from a week of overnight long-haul trips when she nosed her Greyhound bus into the station in deep...

Understanding and mitigating risk is essential to successful execution of real estate developments. Some threats are obvious, like delays in local approvals or...

John Gillespie, an owner of 14 properties and 3,000-plus units in Dallas-Fort Worth, gave his staff a directive last year: Waive late fees, don’t evict anyone behind...