Property Management News
Monthly evictions in New York City have returned to pre-pandemic levels as low- and middle-income tenants struggle to make rent and housing courts work through a backlog of cases, new data shows. City marshals evicted at least 11,253 households on behalf of landlords over the first seven-and-a-half months of the year, according to records maintained by the city’s Department of Investigation. The 1,500 evictions-per-month average from Jan. 1 to Aug. 15 was higher than in any year since 2018, when marshals completed about 1,666 evictions a month. Housing policy experts say the spike in evictions reveals the financial hardship many low- and middle-income tenants face. The trend comes as... Read more
Many property managers, especially those feeling pressure from their investor clients, might be tempted to list properties as early as possible. Instead of waiting until...
Finding reliable tenants is the key to successful property management. But how can you be confident that tenants will pay their rent on time and will not do damage to...
Selling a multifamily property can be a big step for real estate investors. Are you ready to cash out or trade up from your duplex, triplex, or apartment...
Though they were once the height of fashion, these days, many are wondering how to remove popcorn ceilings. In the middle of the 20th century, the textured feature...
Your apartment marketing strategy is firing on all cylinders. Eye-catching ads, a professionally designed website, social media engagement, and rising web traffic. There’s just one problem: leases aren’t following. WHAT’S STOPPING POTENTIAL RESIDENTS FROM CONVERTING? If your apartment community has bad reviews on Google, low ratings on your Google Business Profile (GBP), or outdated feedback, potential residents may never make it past the search results – no matter how good your marketing is. In the multifamily industry, even the best campaigns can’t overcome the damage caused by a poor or neglected online reputation. Why Google Business Profile Reviews Matter For... Read more
Improving your rental property isn’t just about aesthetics—it’s about making the unit more appealing, reducing vacancies, and attracting quality tenants. In a...
Have you ever wondered what keeps tenants renewing their leases year after year? Managing tenant lease renewals effectively is vital for multifamily property success....
The recent California appellate court decision Eshagian v. Cepeda has added a new requirement to the already detailed rules surrounding Three-Day Notices—documents...
One of the most misunderstood concepts in real estate is how properties are valued. The most common myth? “Properties are sold based on their in-place...
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