Property Management News
Keeping a building dry is both an interior and exterior challenge. All buildings, regardless of materials and construction, are at risk of water infiltration and moisture build-up in walls, ceilings, window wells and roof materials. This can cause a wide range of problems, from structural deterioration that undermines the integrity of the building itself to health issues for residents who live there, says Russ Fernandes, senior VP and owner of Becht Engineering BT, Inc. based in Warren, New Jersey. “Preventing water infiltration into living spaces is vital to the protection of residents’ health and the protection of property. Water infiltration into habitable spaces can lead to the... Read more
Incomes are rising faster than rents nationwide, putting an extra $193 a month back in renters’ pockets The typical U.S. asking rent was $1,910 in March, up 1.8%...
For much of the past decade, success in multifamily real estate followed a simple formula: Buy a property with cheap debt. Raise rents. Sell. Rinse. Repeat. But that...
If you’ve ever evaluated a multifamily real estate, you’ve likely come across the “1% rule.” It’s often presented as a quick way to decide whether a property...
KEY TAKEAWAYS Liability insurance premiums for landlords have surged, with some quadrupling since 2020. Rising litigation, larger jury awards, and nuclear verdicts are...
Multifamily is competitive, and operators are under constant pressure to maintain strong occupancy and online reputations. Star ratings, review counts, and rankings have become the industry’s benchmark for success. But somewhere along the way, the meaning of “feedback” has shifted. What was once a valuable window into the resident experience has been diluted into a numbers game. The reality is simple: five-star ratings don’t build successful communities, real resident voices do. When operators prioritize unfiltered resident feedback through a robust survey program over just pursuing five stars, they turn scattered inputs into actionable insights, creating a clear... Read more
The national median rent increased by 0.5% in April, and now stands at $1,370. This marks the third straight monthly increase, as the market gears up for the busy...
I have to start by giving credit where it’s due. My friend Lisa Trosien has been on a tear lately on LinkedIn—calling out something our industry needs to...
Each quarter, RentCafe releases its Rental Competitiveness Report to share how markets are comparing against one another for apartment hunters nation-wide. As of...
When Aron Sotnikoff got a letter from an attorney seeking a payout for an apartment tenant who slipped and fell in standing water at one of his firm’s...
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