Property Management News
While climate change may have reduced the frequency of multi-foot snowfalls in the New York metro, when we do get dumped on, the precipitation tends to be heavier and icier than the fluffy drifts of decades past. With that shift comes concerns about the damage ice and water can cause to buildings through weight stress and leaks, as well as the risk to residents, staff, and passers-by from slip-and-falls on slick surfaces. That’s why removing snow and ice from your steps, entry halls, and sidewalks as quickly and thoroughly as possible is so important; not just from a maintenance and upkeep perspective, but to keep people safe and reduce the risk of liability exposure. “Snow... Read more
Multi-family real estate provides stronger tax shelters than single-family properties through advanced depreciation schedules and cost segregation feasibility....
United Van Lines released the company’s 49th Annual National Movers Study last week, revealing a fundamental shift in American migration patterns as economic headwinds...
With winter in full swing in parts of the country, many of us are all too familiar with freezing temperatures. While this can make it tough to be a landlord, there’s...
U.S. population growth is slowing and expected to continue declining over the next decade. At the same time, demand for multifamily rental units continues to be robust,...
The national median rent fell 0.8% in December, and now stands at $1,356. This closes the book on 2025, with five consecutive months of rent declines. Based on recent years, we expect another 1-2 months of rent drops before the market turns a corner in early Spring. Rent prices nationally are down 1.3% compared to one year ago. Year-over-year rent growth has been slightly negative for more than two full years, and the national median rent has now fallen from its 2022 peak by a total of 5.9%. The national multifamily vacancy rate ran up to 7.3% this month, a record high for our index that started in 2017. We’re past the peak of a multifamily construction surge, but a healthy supply of... Read more
In apartment complexes, the boiler system is one of the most critical pieces of infrastructure. It provides heat (and often hot water) to dozens or even hundreds of...
Plumbing Is the #1 Source of Urgent Calls For apartment owners, most emergency calls fall into a few categories: Toilets not flushing Sinks and showers backing up Water...
Owning property out of state—whether through inheritance, investment, or relocation—requires landlords to take a different approach. Managing rental properties from...
For insurance brokers such as Danielle Lombardo over the last five years, their work connecting property owners to insurance has felt less like consulting and more...
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