Property Management News
The rising threat of fraud in multifamily, where it is coming from, and a practical guide to protecting revenue, reputation, and resident experience. Fraud remains prevalent in the multifamily industry and shows no signs of dissipating. Bad actors are constantly finding new ways to circumvent systems, particularly through the use of generative AI and other bleeding-edge technologies, aiming to remain one step ahead of the industry’s fraud prevention and cybersecurity initiatives. The industry, naturally, has no choice but to fight back. A panel on the recent Entrata webinar Fraud: Multifamily’s Rising Threat discussed ways multifamily can short-circuit the fast-evolving fraud... Read more
Settlement Discussions Taking Place with U.S. Department of Justice The lawsuit, Darby Development Company, Inc. v. United States, filed in the U.S. Court of Federal...
Evicting a resident is always a stressful operational hurdle, but when that resident has a disability, the professional stakes go through the roof. Property managers...
After racking up almost 2,000 violations, two Bronx landlords have been ordered to pay tens of millions of dollars in penalties over the conditions of their...
Los Angeles landlord Michael Renkow already had a sinking feeling when one of the new tenants at his Hollywood apartment building, “Igor,” was two hours late to pick...
When Aron Sotnikoff got a letter from an attorney seeking a payout for an apartment tenant who slipped and fell in standing water at one of his firm’s properties, he immediately checked the security footage to review the incident. Sotnikoff, the director of risk management for development and asset management firm Time Equities, was bewildered watching the tenant walk by a puddle, then walk back up a staircase before returning to walk straight through it. “This person didn’t even have the good sense to actually fall,” said Sotnikoff, who is in charge of acquiring the insurance for the company’s 43M SF of commercial real estate. “Did I miss something? Is this for... Read more
With expenses high and rent growth sluggish, apartment landlords are increasing add-on charges for renters as the Federal Trade Commission once again zeroes in on...
KEY TAKEAWAYS Rental fees are increasingly regulated to address high upfront housing costs. Caps on application fees and security deposits are now common in several...
For apartment owners getting unusual calls from insurance companies about deck inspection reports, the deck inspection conversation isn’t theoretical anymore –...
A New York State Supreme Court Judge has ordered one of the city’s “Worst Landlords” to cough up more than $2.1M in fines and follow a strict timeline to make...
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