Property Management News
In the multifamily sector, the readiness of a unit for showings is more than just a preparatory step; it's a strategic move with far-reaching implications. Here's why: First Impressions Matter: A unit's condition during a showing can be the deciding factor for many prospects. A pristine unit sets the tone for a positive leasing experience. Reflects Overall Management: A ready unit speaks volumes about the property's overall management. It's a testament to proactive and attentive care. Speeds Up Leasing: Ready units mean immediate move-ins. It's an attractive proposition for those seeking immediate housing solutions. Reduces Vacancy Rates: Every day a... Read more
There's no way around it: Replacing a roof is expensive. The process usually takes a team of professionals (and yes, you should use professionals—more on that...
Constructing an Accessory Dwelling Unit (ADU) can be a pricey undertaking. Learn all about the potential costs and how to avoid going over budget on your...
Cases involving property law rarely reach state supreme courts. However, two cases are pending before both the Supreme Courts of New Jersey and Pennsylvania – and...
When it comes to real estate investment, two prominent strategies that often come into play are multifamily investing and fix and flip. Both avenues offer unique...
While economic growth and a strong job market have helped multifamily asking rents grow nationally in August, operators are now facing the rapid expense growth on that side of the ledger, led by mushrooming property-insurance costs, Yardi Matrix says it in its national report for August. “With rent growth slowing, property owners increasingly must implement strategies to pare expense growth to maintain and grow net income,” the report says. “After several years of stellar income growth, multifamily is facing headwinds that include not only decelerating rent gains but a rapid uptick in expenses. During the trailing 12-month period ending June 2023, expenses for multifamily... Read more
Friday’s deluge was yet another reminder that little has been done to make basement dwellings safer, and that the risk for residents is only...
It’s a well known fact: most homebuyers are unimaginative. You might not think that this applies to the savvy investors and potential owner-occupiers looking at your...
As extreme weather events become more common, multifamily firms face more challenges in preparing for and mitigating the risks. As the wildfires in Maui have been...
Because induction stoves only heat the pan they induce a current in, they are safer than gas or electric reduction stoves. A gas or electric resistance stove with...
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