Property Management News
The Big Picture On Can Landlords Charge Tenants to Replace the Carpets: Carpets are subject to normal wear and tear, and landlords need to consider this as an eventual expense. However, tenants can also cause damage to carpets. Landlords should know the difference between wear and tear and damage in order to know when to charge tenants to replace carpets. If it’s established that the tenant is liable to pay for damages, landlords must follow a step-by-step process to ensure that their claim is respected by any court. Landlords are advised to familiarize themselves with their state’s specific laws regarding security deposits and tenant charges to avoid legal issues and ensure they... Read more
Conducting a periodic informational inspection/walkthrough of your rental property is important; we recommend it at least once a year. It allows you to understand the...
Landlords across New York state will soon be required to notify tenants when bedbugs have infested their building. Gov. Kathy Hochul signed a bill on Friday that...
Your tenant’s lease will end soon and they are not going to renew it. Before they move out, you will need to conduct an inspection with them to determine whether any...
Bedbugs were in the news last fall when infestations appeared throughout Europe, particularly in France. Zachary DeVries, associate professor of urban entomology at...
In the competitive multifamily housing industry, property managers are constantly seeking innovative strategies to boost Net Operating Income (NOI), increase resident retention, and attract new residents. Traditionally, rental income constitutes the bulk of revenue for multifamily properties. However, relying solely on rent limits potential growth! As the Director of Growth Marketing at Elevated Living and former Corporate Marketing Manager for over 125 properties for two very large multi-family property management companies, I increasingly see developers and property management companies trying to offer the best amenity packages to their residents. Property managers are turning... Read more
You should not judge a book by its cover, but you might as well create a good one. A cover cannot tell you for sure if you will like reading the book. However, the cover...
To minimize investment risks in multifamily real estate, prioritize thorough due diligence. Identify potential risks through in-depth examination, including market...
When winterizing multifamily rental apartments, it is essential to think beyond storm damage prevention. Cold temperatures, ice buildup, freezing, thawing, and even...
Multifamily revenue management is more than setting rent prices; it’s aligning your apartment community’s whole operation—leasing, marketing, management,...
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