Property Management News
Multifamily industry experts share their advice on handling value-add renovations to achieve the best possible outcomes. Before creating any new strategy in multifamily, establishing solid market research and supporting numbers of investment returns are key to its success. Approaching potential value-add properties are no exception. From quick cosmetic fixes to upgrading major systems, value can be found in properties that once were shiny and new. However, implementing the right upgrades can prove tricky without proper understanding of each community’s market and the residents who call it home. First and foremost, Sean Burton, CEO of Cityview, says, “Operators really need to be able to... Read more
We turned to experts to find out how artificial intelligence is reshaping the rental sector. Multifamily is and has been, no doubt, long dependent on...
Property damage from water infiltration can cost thousands of dollars in expensive, time-consuming repairs to your rentals. For instance, just 1 inch of flood water...
New York City Department of Housing Preservation and Development (HPD) Commissioner Adolfo Carrion Jr. has announced a new program that encourages New Yorkers to build...
It takes a small army of professionals—everyone from on-site handymen to licensed professional tradespeople and engineers—to maintain multifamily buildings, both...
Investors purchasing apartment complexes have used the same formula for renovation for years. They put in new countertops and flooring, painted the property’s units and exterior, changed the complex’s name, and cleaned up the landscaping. Although these methods have proved to be successful over the years, most properties that are being purchased have already been “flipped” and thus had these upgrades in the last 5-10 years. This has led to a new wave of intelligent and visionary investors looking to maximize returns in the already “picked-through” marketplace. Owners are now looking for amenities that will not only entice new residents to come their way... Read more
In the future, new multifamily buildings might not be allowed to rely on gas-powered appliances. Why this is a good thing (and why your residents will thank you). I’m...
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...
New research suggests reductions in parking space requirements for apartment projects can lower development costs and rents and lessen environmental impacts. Parking...
While I was on vacation in Switzerland in September of this year Florida residents saw the awesome power of nature as Hurricane Irma tore through southern Florida. The...
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