Property Management News
Have you ever shown your cold, vacant, unfurnished rental unit to a prospective tenant who immediately said,” “I want to live here”? Not often, I would bet. But show that same applicant the same floorplan all done up as a warm, welcoming model apartment and the response will be quite different. A common sign that a lookie-loo has turned into a tenant is when they sit down in the model and make themselves at home. They can’t do that if there isn’t any furniture to sit on. In real estate, apartment staging is the process of setting up a vacant unit with furniture and decor to improve its visual appeal and help possible residents imagine themselves living there. The goal of... Read more
By now it’s no secret that being pet-friendly is crucial to attracting today’s renters. According to a recent study by apartment operator Cortland, 82% of...
New research suggests reductions in parking space requirements for apartment projects can lower development costs and rents and lessen environmental impacts. Parking...
As the multifamily space progresses through 2024, several critical economic factors are reshaping the landscape. These changes are minor irritations and seismic...
Your next landlord could be a bunch of random people backed by Jeff Bezos’ money. A Jeff Bezos-backed real estate investing startup is launching a new fund to make...
In the world of apartment leasing, the art of communication is paramount. One of the most effective tools in our arsenal? Open-ended questions. Why are they so powerful? Discovery: They allow us to uncover the true needs and desires of potential residents. Instead of a simple ‘yes’ or ‘no’, we get insights into what they’re genuinely looking for in a home. Building Relationships: Open-ended questions foster deeper conversations, helping establish trust and rapport. It’s not just about leasing an apartment; it’s about creating a community. Empowerment: By asking and listening, we empower potential residents to share their stories, concerns, and... Read more
The program was initially set to expire by the end of this year, but positive survey data and an impact analysis has led to its extension Fannie Mae announced on...
Understanding Subletting Subleasing an apartment can be a beneficial arrangement for both landlords and tenants. It occurs when a tenant rents out their apartment to...
The Future of Multifamily Real Estate Multifamily real estate is constantly evolving to adapt to the changing social environment, technological advancements, and...
You’ve found your perfect property. You’ve done your due diligence on it, conferred with your attorney, who is well-versed in landlord–tenant law, and made it...
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