Property Management News

Turning Aging Apartments into High-Demand Rentals

Aging apartment buildings may not grab headlines like shiny new developments, but for multifamily investors, they’re often the real hidden goldmine. Across the U.S., thousands of Class B and C properties sit in prime locations yet underperform because of dated interiors and amenities. With the right renovation strategy, these overlooked assets can be transformed into high-demand rentals—delivering stronger cash flow, higher occupancy, and substantial long-term appreciation. Why Renovations Drive Investor Returns Renovations are more than a facelift—they directly move the numbers that matter most: NOI and valuation. According to industry data, value-add renovations typically... Read more

We’ve long talked about the importance of the service economy, but recently we’ve seen more and more companies embracing the next evolution of business: the...

Denying a rental application is sometimes necessary to protect your property, your other tenants, and your investment. However, in California, landlords must follow...

Window screens might seem like a small thing, but they play a big role in making a place feel like home. They keep the bugs out, let the breeze in, and add a layer of...

No matter what size property you own or manage, the key to success is efficiency. In practical terms, that means keeping occupancy rates high and rents competitive while...

On-Time Rent Payments Continue to Decline

The national on-time rent payments rate continues to show signs of strain for independent landlords, according to the June 2025 Chandan Economics & RentRedi report. The report documented three consecutive months of decline, adding to a gradual but steady erosion in on-time payment performance. “On-time rent payments in independently operated units dropped meaningfully in June 2025 — offering a stark warning about the financial health of renter households in a high-uncertainty economic environment. According to this month’s first estimate, 84.3% of units paid their full rent on time — a decline of 85 basis points (bps) from May. “Additionally, May’s on-time payment rate,... Read more

With rising housing costs and a growing demand for minimalist, eco-friendly living, many people are choosing smaller spaces that maximize efficiency while sacrificing...

Seniors nowadays are renting more than seniors did years ago: The most recent U.S. Census data reveals that, between 2013 and 2023, the number of renters aged 65 and...

Between heat waves and drought conditions at your rental property, there is a lot to think about beyond the traditional summer maintenance plans. If your properties...

When managing multiple apartment communities, it’s easy to get caught up in the right now. You’re focused on surviving the upcoming busy leasing season,...