Property Management News
Apartment hunting can be challenging for electric vehicle owners since they see charging stations as a necessity, not an amenity, in the community. Electric vehicle charging stations, and other next-gen amenities, can be effective tools for marketing a property, but only if used effectively. The landscape of property management and ownership is expected to undergo many significant changes in the next few years. Technology is progressing faster than ever and soon, prospective residents will be looking for more in an apartment than a great location and functional layout. What once were ‘next-gen’ amenities are now becoming standard with a new wave of luxury options that have entered... Read more
As multifamily rent growth stalls, investors seek alternative strategies to increase revenues. Enter dogs – a human's best friend! Pet revenue,...
Definition of Return on Investment Return on investment (ROI) measures how profitable an investment is. Many times, it is expressed as a ratio or percentage. ROI...
Learn the Basics of Real Estate Investing Before Buying Your First Property Though some people have made quick riches from real estate without much knowledge...
Rental arbitrage, put simply, is a process of leasing a property or multiple properties at a lower price than the market rate and then renting it out at the current...
Every property manager or management company is different, with different skills and different goals, but in general property management services are designed to take the work out of owning rental property for an owner. These are my short answers to some common questions I am asked by potential clients. And remember- this is NOT legal advice! What does a property management company do for me? Owning an investment property is very much like owning a small business. You have income and expenses, products and services, warranties and obligations, contracts, legal requirements and so on. Depending on the property this can be an extremely time consuming process. Not only must you handle... Read more
What to Consider Before Investing Not every type of investment property is right for every property investor. Commercial properties may work for one investor, while...
Cortland’s Karl Smith, aka “Dr Fitness,” offers advice on how to design and operate new and renovated gyms in apartment communities. When the Covid pandemic hit,...
When a landlord resides in a rental property, it is known as an owner occupied landlord. Many times, landlords do not actually live at their rental properties. When a...
Key takeaways A garage conversion can add extra living space without increasing your home’s footprint Before starting, you’ll need to obtain the...