Property Management News
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...
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 winter snow, slush, and ice. It’s tempting to put off the task of preparing for the winter season until the leaves are falling and there’s a proper chill in the air, but a two-prong approach might be more beneficial: Take inventory and do a little preparation now, so that your super, doorman, or porter can execute whatever is needed to be ready when the scarves, hats, and gloves do come out. Lead With the Lobby Late September is a good time to take a good look at the upholstered furniture in your lobby area to determine if... Read more
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...
Multifamily operators are under increased pressure to retain existing residents as inventory levels rise across major markets. With more units available, renters...
Multifamily owners are leaning harder than ever on rent and deposit concessions to protect occupancy in a tougher refinancing climate, but that strategy is quietly...
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