Property Management News
A small amount of preparation early can help landlords avoid late payments, excessive complaints, property damage, and other issues that often stem from rushed or inconsistent tenant selection. Identifying problem renters before they move in begins with a clear, consistent tenant screening process. Clarifying the Kind of Tenant You Want Before reviewing rental applications, define the qualities of a dependable tenant for your property. Establishing objective criteria helps ensure that your tenant screening process remains consistent and fair across all applicants. Common qualities many landlords look for include: Steady income that supports the monthly rent Respectful and timely... Read more
The National Fair Housing Alliance (NFHA) is the nation’s largest nonprofit fair housing organization, leading investigations, enforcement, advocacy, and research to...
Across much of the country, rental housing is in a very different place than it was just a couple of years ago. After a historic run-up in demand and rents, vacancies...
New York City renters are now legally entitled to clear, accessible information about whether stabilized apartments exist in their buildings. Last week, Local Law 86,...
The slippery slope of steering when customer service crosses the line in property management trying to be helpful or to “make things easier” for a prospect. In...
The national median rent fell 0.8% in December, and now stands at $1,356. This closes the book on 2025, with five consecutive months of rent declines. Based on recent years, we expect another 1-2 months of rent drops before the market turns a corner in early Spring. Rent prices nationally are down 1.3% compared to one year ago. Year-over-year rent growth has been slightly negative for more than two full years, and the national median rent has now fallen from its 2022 peak by a total of 5.9%. The national multifamily vacancy rate ran up to 7.3% this month, a record high for our index that started in 2017. We’re past the peak of a multifamily construction surge, but a healthy supply of... Read more
For shared-interest communities, guarding the safety and security of residents is of paramount importance. Achieving those goals is more than a matter of key fobs and...
In property management, strong customer service is often praised as the key to successful leasing and resident retention. Leasing professionals are encouraged to be...
Pets are family and apartment amenity-based pet fees and restrictions imply that a beloved companion is no different from access to a gym or a parking spot. Across the...
For shared-interest communities, guarding the safety and security of residents is of paramount importance. Achieving those goals is more than a matter of key fobs and...
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