Property Management News
Hurricane season officially began on June 1, and for property owners and managers across the Gulf Coast and Southeast, preparation should already be underway. While NOAA predicts less hurricane activity this summer, it only takes one storm to put residents, properties and entire communities at risk. Storm preparedness is about more than asset protection. It is about protecting the people who call these communities home; residents who, when a property is damaged or destroyed, can be left displaced, vulnerable and without access to the resources they need. That responsibility carries added weight in affordable housing, where some residents may have fewer resources to quickly evacuate,... Read more
KEY TAKEAWAYS A recent CDC report identifies the hot tub at a short-term rental property as a potential source of Legionnaires’ disease New York investigators...
Most homeowners only think about their home’s systems when something goes wrong. The boiler breaks down during the coldest week of January. The electrics trip...
Regular rental property inspections are one of the most important risk-management tools for landlords and property managers. They help protect the property, reduce...
Here is the uncomfortable truth: for the past three years, rising rents covered a lot of operational sins. Deferred maintenance, inefficient turns, bloated vendor...
Fire prevention in multifamily housing often comes down to chance instead of planning and that gamble is costing owners millions, according to Michael Pigg, CEO of Premier Fire Protection. Speaking at the FXD Summit by HappyCo in Austin, Texas, Pigg warned apartment maintenance teams and supervisors that too many properties in high-risk markets such as Texas, Florida and Los Angeles rely on inconsistent upkeep and outdated systems rather than disciplined prevention strategies. The stakes are high. Structure fires cause $15.3 billion in direct property damage annually, with roughly 76,000 apartment and multifamily fires. About 9% of all fire-related deaths occur in multifamily... Read more
It’s safe to say that AI is no longer just a futuristic concept or a fleeting tech bubble. Beyond all the hype and debate, artificial intelligence has gone from a...
Everything has its season, goes the old saying—and that’s especially true when it comes to common area upgrades. Planning and executing these projects takes time,...
Keeping a building dry is both an interior and exterior challenge. All buildings, regardless of materials and construction, are at risk of water infiltration and...
Unexpected property damage can disrupt finances and timelines with little warning. Repairs may be required immediately to prevent further deterioration or safety...
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