Property Management News
Key Takeaways Hands-on landlords need knowledge of tenant law for simple repairs. Property managers or REITs can help if you can’t manage properties. Typical down payment for rental properties is 15% to 20%. Condos may offer lower prices but have association fees. Calculate ROI using rental income, operating costs, and mortgage. Thinking about purchasing an investment property? Purchasing rental real estate requires knowledge of leasing practices, mortgage loans, tenant and landlord relationships, and property management. Buying real estate to rent can be lucrative but, like any investment, should be undertaken only after some solid research. Considering Becoming a Landlord? Buying... Read more
Every apartment owner knows the feeling. A maintenance issue comes in that sounds routine: somebody grabs a ladder, somebody else shuts off what they think is the right...
The dream of scaling through single-family rentals is a mathematical trap that keeps 92% of investors trading their time for tiny checks. You’ve likely felt the...
On an extremely cold afternoon last month, several tenants said they couldn’t shower, flush the toilet or do their laundry. Building managers blamed frozen pipes...
Discover the hidden costs of tenant turnover and learn strategies to reduce vacancies. Complete breakdown of expenses, time investments, and proven retention tactics for...
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...
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