Property Management News
Before IRR. Before waterfalls. Before fancy models. Real estate is a cash flow business, and the only thing that matters at the start is whether the deal creates value. The mistake most people make is underwriting off in-place income. Instead, you should underwrite the future cash flow at today’s market rents, assuming zero rent growth. That brings us to stabilized yield. Stabilized yield is simply the post–value-add NOI divided by your total cost basis (purchase price + renovation costs). Conceptually, it’s EBITDA over invested capital. Once you have that number, compare it to the market cap rate. • If stabilized yield is below the market cap rate → value is destroyed •... Read more
Chargebacks – when a property charges a resident for causing damage to the property – are becoming increasingly significant in the residential rental...
With national vacancy rates hovering around 7%, property managers are under pressure to differentiate, retain residents, and operate more efficiently—all at the same...
The U.S. rental market has officially tipped in favor of tenants and turned renter-friendly as the vacancy rate has climbed to 7.6% across the 50 largest...
If you’re considering a renovation, you know how important it is to hire a skilled contractor for the job. But sometimes, unexpected problems arise. Once the paperwork...
At the first sign of vacancy troubles, apartment operators often react by running a community-wide rent special. Here’s the problem: Broad specials, where every unit gets the same discount, are risky. They can make higher-demand units lease faster at unnecessarily lower rent prices, while struggling units remain vacant longer—reversing the intended effect of the special. In a previous article, we compared community specials vs. floorplan rent specials, and it was clear that the latter was the better option for stabilized communities where demand tends to be uneven between varying layouts. Unlike broad discounts like community specials, floorplan rent specials generate more demand... Read more
Email inboxes are crowded. Portals go unchecked. Voicemails get missed. But texts? They get read. When used intentionally, texting becomes one of the most effective...
At the federal level, landlords must comply with several key laws that protect tenants. These mainly address housing discrimination under the Fair Housing Act and...
The problem of unauthorized residents in a rental unit is one that every landlord will likely encounter at some point in their career. As housing pressures and economic...
What U.S. cities are the most profitable for multifamily investors in 2026? New research from LoopNet found that investors who are most interested in yield should...
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