Property Management News
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 feel secure staying long-term. That’s the idea behind a rent-stabilized apartment — housing with built-in protections to keep rent increases reasonable and tenants in place. In this guide, we’ll break down what rent stabilization really means, who it applies to, and what renters and landlords should know. Main Takeaways Rent stabilization keeps rent increases predictable by limiting annual hikes, ensuring tenants can plan ahead and renew their leases with confidence. Landlords must navigate restrictions, balancing rent... Read more
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...
Changes to California law (specifically, Cal. Civ. Code Section 1950.5(g)-(h)) effective this year will obligate residential landlords to photographically document the...
When renters search for a new place to live, they probably have a checklist of must-haves—and maybe blinds are one of them. But then, it’s time to move in, and tenant and landlord alike are wondering: Who is actually responsible for blinds in a rental property? In this post, we’ll break it all down. What are blinds? Who’s responsible for providing and maintaining them? And who pays when they get damaged or worn out? This quick guide will help you know what’s yours to handle—and what’s not. Main Takeaways Regarding who is responsible for blinds in a rental property: Landlord Responsibility – If blinds were installed by the landlord before the tenant moved in, they are... Read more
When recession fears rise, budget cuts often follow—and education directors are being asked to make hard choices. Training programs frequently top the list of cuts,...
Kenneth Mattson, the former CEO of LeFever Mattson, is charged with defrauding approximately 200 investors by selling fake ownership stakes into apartment properties...
Taxes are serious business. As an investor, you already know that if you’re not careful, taxes can quietly take a big bite out of your returns. But with the right...
The Department of Building’s No-Penalty Inspection Program returns from May 19 to June 30, when homeowners, small landlords and small business owners can schedule free...
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