Property Management News
Pets have always been a source of comfort and emotional support for many of us, and since the pandemic created more opportunities for us to remain at home, pets have become even more constant companions. Given that integrating animals into multifamily living spaces has become the rule rather than the exception, it’s important for boards, residents, and managers to strike the proper balance between neighborly consideration and responsible pet ownership. The Pups Are Alright Striking that balance helps make everyone’s home more harmonious. “Pets are healthy for people,” says Ralph Westerhoff of Brick Work Management, “and having clear rules in place helps set a standard for the... Read more
Investing in multifamily real estate is one of the smartest ways to build lasting wealth, but if you’re not careful, taxes can quietly drain your profits faster than...
In recent years, multifamily property owners have faced a rising number of lawsuits from “serial plaintiffs” or “testers” alleging noncompliance with the...
If you are a landlord or renter involved with military service members, it’s essential to understand the unique housing challenges and opportunities they face....
After a gradual phase-out, 100% bonus depreciation is making a timely comeback—and the implications for the real estate sector are substantial. For those investing in...
In the 10 worst states to be a landlord, it can be tough between taxes, tenants who don’t live up to their lease agreements, maintenance woes, and the cost of maintaining a property. But there are some states where—due to anti-landlord legislation, property tax rates, rent-control laws or congested court systems—there is added pressure on landlords, property owners and property managers. TurboTenant, a property-management software company, compiled the 10 worst states in which to be a landlord based on those factors and more. Based on these findings, here are 10 states where owning rental property is harder, riskier, and less profitable. Criteria for Ranking States Anti-landlord... Read more
Imagine living in (or renting out) an apartment where rent doesn’t jump hundreds of dollars each year. The price stays steady, the lease keeps renewing, and tenants...
What is a service animal? Not a pet. Service animals are considered a type of medical equipment, rather than a pet. Service animals are animals (usually dogs)...
If you own or operate multifamily properties, one of the most overlooked ways to boost cash flow isn’t operational. It’s strategic, lives in the tax code,...
A major change is coming to New York City’s rental market this week: the end of costly, upfront broker fees for most tenants searching for apartments. A new law...
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