Property Management News

In recent years, tiny homes have become a popular alternative to the traditionally large American-style home and a viable way to provide shelter within a small space. The structures have been used by those trying to downsize and as short-term rentals, disaster relief housing and homeless relief housing. Some tiny homes are actually found in trees. Although many people consider a house up to 600 square feet to be a tiny home, the 2021 International Residential Code (IRC) Appendix AQ, stated that tiny houses are dwelling units measuring 400 square feet (37 m2) or less in floor area, excluding lofts. Small homes = big profits Leasing tiny homes is one of the latest trends in the rental... Read more
Though many of your apartment community’s units may have similar layouts, rooms, and square footage, each has unique qualities. Those unique qualities are called...
Imagine this: You’ve spent months revamping your apartment website and are investing more in digital ads. Your traffic and lead data show that your new marketing...
Fixer-upper investment properties have become very popular in recent years due to the “fixer-upper” television show. Thus, this real estate strategy is...
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for...

There is a fine line between growing rental income and creating vacancy that needs to be understood when managing a property. Economists describe this tension as “Price Elasticity of Demand”. It is a measure of the shift in demand for a product or service when a change occurs in one of the variables that buyers consider as part of their purchase decision. A product is “elastic” if consumers will change their purchase decision when, for instance, the price goes up. Inelastic is the opposite; think of the iPhone. Price doesn’t seem to affect the purchase decision. All products and services can have different price elasticity. For the apartment rental business, price changes... Read more
In the competitive multifamily housing industry, property managers are constantly seeking innovative strategies to boost Net Operating Income (NOI), increase...
Multifamily real estate investments are often hailed for their potential to provide substantial cash flow, tax benefits, and property management ease. These properties,...
Multifamily real estate has long been one of the most reliable asset classes in commercial real estate, offering steady returns through rental income and long-term...
What would your current or prospective renters say if you asked for their thoughts on your rent prices? What if you were to ask that same question to your on-site...