Property Management News
KEY TAKEAWYS Utility costs fell from 11–12% of multifamily rent in the mid-2000s to 8.8% by 2020. US shale boom and lower natural gas prices reduced utility bills. Energy-efficient new construction and Sun Belt migration also contributed. Utility Costs Trend Down According to Chandan Economics, multifamily renters are paying a smaller share of their rent on utilities than they did in the 2000s. Data from the American Community Survey show tenant-paid utilities made up as much as 11.6% of gross rent in 2006 but dropped to 8.8% by 2020 before a recent minor uptick. Paying Too Much For Insurance? Get a FREE quote to insure your rental properties for less. GET A FREE... Read more
Spring cleaning in a multifamily building is as much about protecting value, reducing liability, and showing residents that their building is well cared for as it is...
Property owners and managers invest millions in renovations every year—gut rehabs, new amenities, completely refreshed interiors. And for many communities, those...
Every residential lease includes an implied warranty of habitability—even if the lease does not expressly mention it. This legal protection serves two core purposes:...
Chargebacks – when a property charges a resident for causing damage to the property – are becoming increasingly significant in the residential rental...
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 is signed, how do you deal if the contractor is constantly late or delaying your project? It’s always best to avoid accusations when broaching the topic of missed deadlines, according to Kendra Sinclair, Thumbtack’s design trends expert. She suggests approaching the conversation from a collaborative perspective, focusing on how you can work together to address delays. We asked Sinclair and other home experts for their recommendations on how both parties can communicate effectively to avoid misunderstandings without... Read more
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...
When it comes to choosing between different flooring choices, the options can be surprisingly nuanced. This is particularly true for wood flooring vs. engineered wood....
While a potential rental property could look good in person and perhaps even on paper, it’s critical to evaluate the home’s potential as an income source. So...
Key takeaways Fix-and-flip market conditions improved in Q4 2025, with the Fix and Flip Market Index (FFMI) posting its largest quarterly gain in 3 years....
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