Property Management News
Shortly after 8 a.m., an incinerator shaft collapsed at the public housing apartment building on Alexander Avenue, officials said. Emergency personnel responded to the partial collapse of an apartment building in New York City on Wednesday morning. At 8:10 a.m., an incinerator shaft collapsed at the public housing apartment building on Alexander Avenue in the Bronx, Deputy Mayor Kaz Daughtry wrote on X. A preliminary investigation suggests some type of explosion triggered the collapse, Mayor Eric Adams said at a news conference later in the day. Fire Commissioner Robert Tucker told reporters: “It is a ventilation shaft connected to the boiler. We believe that’s where the explosion... Read more
Aging apartment buildings may not grab headlines like shiny new developments, but for multifamily investors, they’re often the real hidden goldmine. Across the U.S.,...
In April 2023, as a bitter debate raged between landlords, tenants and policymakers over how to bring vacant, low-cost apartments back to the rental market during a...
Balcony and exterior-walkway failures make headlines—and cost fortunes. That’s why California enacted SB 721, a law that mandates regular inspections and repairs for...
Key Points Technology has been stepping in to address the needs of tenants, landlords and large multifamily operators, and now AI is turning that slow progress into...
Tenant Turnover: What It Really Costs You and How to Reduce It In multifamily real estate, one thing is always true: cash flow is king. If you’re an investor who wants consistent, predictable income, the last thing you want is units sitting empty. That’s why tenant turnover is one of the biggest silent killers of your bottom line. You might think losing a tenant here or there isn’t a big deal. But vacancy loss adds up fast, especially across multiple units. The truth is, every time a tenant moves out, your cash flow takes a hit. And it’s not just the rent you lose. Let’s break down why turnover is so expensive and what you can do to minimize it. What Is Tenant Turnover (and Why It... Read more
Across the country, multifamily property owners are increasingly turning to renovations as a strategy to stay competitive. With the cost of construction materials...
Skipping or delaying SB 326 inspections can trigger lawsuits, loan denials, insurance cancellations, special assessments, and falling property values. If you manage or...
When managing a short-term rental property, understanding what is reasonable wear and tear is critical for maintaining good relationships with guests while protecting...
Renovating your multifamily property can lead to higher rents, better tenants, and increased value, but not every project makes financial sense. In today’s evolving...
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