Property Management News

A Security Deposit is Not a Move-In Fee is Not a...

There seems to be quite a bit of confusion on the part of landlords and renters alike as to the difference between a security deposit and a move-in fee. The biggest difference between the two is that one is refundable and the other is not. Both are government-regulated in many states.  What is a Security Deposit?  A security deposit is required by most landlords and property managers to cover tenant-caused damages to the apartment beyond normal wear and tear. It can also be utilized to cover unpaid rent. However, the deposit remains the tenant’s property even though it is in the landlord's possession.  Once the tenancy is over, the landlord will deduct the amount needed from... Read more

A lease guarantor is an individual or entity who agrees to take responsibility for the lease obligations of a tenant if they are unable to fulfill them. They provide a...

California has specific laws in place when it comes to security deposits, and it is essential for both landlords and tenants to understand their rights and...

Renters in California will no longer be asked for a security deposit larger than one month's rent, under a bill signed into law by Gov. Gavin Newsom. On...

A bill going through the California Legislature has the potential to limit the amount of security deposits for renters, reports MarketWatch’s Aarthi Swaminathan....

Multifamily Concessions Are Up While Renewals Fall

New lease trade-outs plummet nationally. A new report from Berkadia shows how concerns about slowing apartment demand and falling apartment rental rate growth is manifesting in current concession and lease renewal dynamics. Owners and operators had accommodated renters because of pandemic economic pressures, peaking at 6.3% in Q3 of 2021. But even as they fell, they remained higher than normal. By the end of 2022, they were still at 4.5%, significantly higher than the pre-pandemic five-year average of 3.4%. That leaves open a question of whether this is a wave that will settle into older patterns or in part a reaction to the swift rise of rents and which has become a mechanism that lets... Read more

Normal wear and tear doesn't count When a tenant moves into a rental property, he or she will pay the landlord a security deposit in addition to first month’s...

As eviction moratoria begin to expire, the importance of doing a thorough tenant background check on prospective renters has never been more important. Property...

As rents seem to be increasing daily, the cost of signing a lease for a new apartment is also growing. If a tenant is required by the landlord to pay a security deposit...

How Can I Get Guaranteed Rental Income? Guaranteed rent. Two words that would make any landlord’s heart sing. The concept of guaranteed rent has become a reality from...