Property Management News
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...
Doing any sort of business is about reducing risk and increasing your return. When it comes to managing properties, things can fall between the cracks and strategies go by the wayside. You can do simple things to streamline every process so you can enjoy more rewards with less of a hassle. First, Food For Thought New landlords assume falsely that security deposits are adequate protection against having to pay big bucks for tenant-caused damages. The truth is, it will barely cover minor damages. And, major damages to property can cost landlords tens of thousands of dollars. It is also worth noting that you cannot use a security deposit in place of unpaid rent in some... Read more
On October 8th Atlanta, Georgia made a drastic change to their security deposit legislation, giving tenants more options. Dubbed the “Renter’s Choice Bill”,...
pdqSMART, a division of PDQ Manufacturing, is a market leader in keyless, Bluetooth, mobile-enabled access control solutions. People all over North American use PDQ...
It is painfully clear America is facing an affordable housing crisis unlike ever before. A recent study from the National Low Income Housing Coalition found full-time...
Whether to use a security deposit or a move-in fee, if it is legal in your area, is the topic this week from Keepe the on-demand repair and maintenance company. One...
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