Property Management News
Your renewal conversation just got more dangerous. Not because tenants are leaving. Because they’re not. And that changes everything about how you should price. THE PARADOX NOBODY’S TALKING ABOUT Two-thirds of American renters say a mortgage is out of reach. Odds of moving within three years: down to 37% (from 57% in 2014). This should be your best retention story ever. Captive renters. Nowhere else to go. Price power locked in. Except it’s not working that way. Because there’s a trap hiding inside the retention surge, and most operators are walking straight into it right now. HERE’S WHAT’S ACTUALLY HAPPENING Renters staying longer isn’t because... Read more
Multifamily has spent years asking what amenity to build next. I think there is another question we need to ask first: Are we creating enough value from the amenities...
Cars and trucks end up going through apartment building walls more often than you think and it is a loss owners do not plan for and then there are floods. Ask an...
Fire incidents remain one of the most costly and disruptive risks facing multifamily owners, with aging properties, deferred maintenance, and resident behaviors all...
Luxury is being judged before your leasing professional ever gets the chance to explain it. A prospect pulls into your property. She is not carrying a clipboard. She...
The multifamily industry has long operated under the assumption that turnover is largely inevitable. Residents relocate for jobs. They buy homes. Life circumstances change. While these factors certainly drive a portion of move-outs, this mindset may be holding retention rates back from reaching their full potential. New data suggests that a significant portion of resident turnover could be avoided by addressing controllable situations that impact the resident living experience. And as the average resident retention rate has taken a dip from previous years, now is an opportune time to improve efforts. According to Zego’s Resident Experience Management Report, resident retention... Read more
National dog day shows there is a gap in the rental market when “pet-friendly” does not always mean what renters think when they visit an apartment complex. More...
With Labor Day in the rear view mirror and the Holiday season just around the corner, it’s time to start thinking about weatherizing our lobbies for the upcoming...
By Property Management Law Solutions A Florida property manager may be days away from recovering possession when an unexpected notice arrives: the tenant has filed for...
Fire safety in an apartment building can easily become something that gets pushed into the background. The fire alarm company comes in. The sprinkler contractor does the...
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