Property Management News
In today’s competitive rental market, prompt and effective communication isn’t just good service—it’s essential. Prospective renters are making quicker decisions than ever, and if your leasing team isn’t keeping pace, you could be missing out on valuable leases. #1. The High Cost of Missed Calls Missed calls can significantly impact leasing success. According to LeaseHawk, nearly 49% of leasing office calls are missed, and 87% of renters don’t leave a voicemail when they can’t get through. This communication gap can lead to lost revenue and wasted marketing efforts. #2. Renters Move Fast—Are You Keeping Up? The rental search cycle is accelerating.... Read more
Real estate investors and property managers often need to issue a notice of non-renewal of lease when deciding not to extend a rental agreement. When the choice is not...
Nothing bugs people as much as finding cockroaches in an apartment building. Needless to say, you’re probably wondering: How do I deal with cockroaches in a rental...
Although rents have been on a decline in the top 50 metros for over a year, low multifamily permitting could unfold higher rent prices. In 2024, within the top 50...
Whether you’re a seasoned host or just starting out, creating an exceptional experience for your guests is the key to success. Your property is more than just a space...
Multifamily owners are among many in the business world trying to leverage artificial intelligence to cut costs and improve efficiency, but implementation of the technology is uneven, with bigger players able to incorporate AI at scale and more effectively than their smaller counterparts. The spotty adoption of the technology, and the advantage large firms have in terms of increased labor utilization, better operational efficiencies and better insight around asset acquisition threatens to leave behind those who lack the funding and tech-savvy to adapt. “I think the fast will eat the slow, but the slow will die very slowly,” said HappyCo CEO Jindou Lee, whose firm utilizes AI to... Read more
Tenant screening is one of the most important steps you can take as a landlord or property manager to ensure you rent to reliable, trustworthy individuals. However, with...
Navigate tax implications in multifamily real estate effectively with strategies like cost segregation studies for accelerated depreciation, 1031 exchanges to defer...
Introduction You’re about to pack up when the email arrives. “What’s going on with this property in Houston?” You check the dashboard and see...
As we move toward 2025, the multifamily real estate sector is poised for significant developments, creating new opportunities for investors. After navigating the...
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