Property Management News
A small amount of preparation early can help landlords avoid late payments, excessive complaints, property damage, and other issues that often stem from rushed or inconsistent tenant selection. Identifying problem renters before they move in begins with a clear, consistent tenant screening process. Clarifying the Kind of Tenant You Want Before reviewing rental applications, define the qualities of a dependable tenant for your property. Establishing objective criteria helps ensure that your tenant screening process remains consistent and fair across all applicants. Common qualities many landlords look for include: Steady income that supports the monthly rent Respectful and timely... Read more
“So… what’s the real rent????” This question is being asked at apartment communities all across the nation, right now. Why? Because a prospect...
Roughly 1 in 3 renter-occupied housing units in America are in large multifamily buildings, the highest share in records dating to 2011, according to a Redfin...
There’s a pattern happening across multifamily marketing right now that’s costing communities residents—and most don’t even realize it’s...
Median income renters found housing a little more affordable at year-end as asking rents slipped – partly due to continuing high vacancies and concessions from...
Having an in-house laundry facility is more than just an appealing amenity in multifamily communities—the ability to get this fundamental chore done without leaving their building offers residents accessibility, safety, and comfort. After lobbies, laundry rooms are also arguably the most frequently used shared spaces in a residential building. Advances in laundry technology—including apps, cashless payment systems, and high-efficiency machines—have made laundry rooms more attractive and user-friendly to residents who rely on them. We’ve come a long way from bleak basement laundry rooms with a couple of ancient coin-operated machines and a flickering fluorescent bulb overhead,... Read more
Most operators are underestimating how much fraud is getting through their current screening process, even if they think they’ve “tightened things...
The National Fair Housing Alliance (NFHA) is the nation’s largest nonprofit fair housing organization, leading investigations, enforcement, advocacy, and research to...
Across much of the country, rental housing is in a very different place than it was just a couple of years ago. After a historic run-up in demand and rents, vacancies...
New York City renters are now legally entitled to clear, accessible information about whether stabilized apartments exist in their buildings. Last week, Local Law 86,...
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