Property Management News
Seven in 10 rental ads on TikTok are likely scams, according to a new study from CNC Intelligence. The digital forensics firm analyzed 3,141 rental listings on the social media platform across 16 cities in August and found 2,136 that had scam warning signs. The listings were checked against local rent benchmarks, property records, and the phone numbers advertised in the videos. Those that had strong or multiple warning signs were marked as suspicious. “Real estate is a popular avenue for scammers because moving is stressful. People can often find themselves with very little time, on a tight budget, and they’re worried about nowhere to live,” says Matthew Stern, CEO of CNC... Read more
You don’t need to live where you invest. But you do need to think differently about where you invest. Out-of-state investing used to mean finding cheap...
When a rental unit is left empty, there are several things that need to be done immediately. This is true whether the lease has been terminated and the tenants have...
Your renewal conversation just got more dangerous. Not because tenants are leaving. Because they’re not. And that changes everything about how you should...
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 apartment owner to list the risks they worry about and you will hear fire, water, mold and asbestos. Vehicles hitting buildings rarely makes the list. It should. Matthew Steimle, general manager of Kennedy Restoration, and Tysen Bodewig, the company’s marketing director, were interviewed recently on Multifamily Marketwatch about losses that fall outside the standard checklist. Auto impacts happen more than owners expect When we asked how often a vehicle ends up inside an apartment building, Steimle’s answer was that it happens... Read more
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...
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...
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