Property Management News
In multifamily real estate, value is largely determined by Net Operating Income (NOI)—the income a property generates after expenses but before debt service. The higher the NOI, the higher the property value, since multifamily properties are valued using a formula based on cap rates. This means that increasing revenue or reducing expenses—even by small amounts—can significantly boost the overall valuation of your property. Below are 10 practical and proven strategies syndicators and operators use to increase the value of their multifamily properties. 1. Unit Upgrades One of the most common and effective ways to increase rents—and thus NOI—is through strategic unit renovations.... Read more
Byron Sellers had wanted to get into real estate investing for years, but the deals he came across were always prohibitively expensive. One day in 2017, he was listening...
So, you’re toying with the idea of buying a duplex. It’s like hitting two birds with one stone. That is, you get a place to live and an extra unit that could bring...
Current booking trends suggest that property managers can find big potential by shifting towards mid-term rentals and adjusting their pricing models to better fit new...
Thinking about turning your property into a short-term rental? Enter Airbnb, the platform that connects property owners with millions of guests worldwide. Whether...
How apartment communities generate revenue follows a simple formula: Revenue = Price x Occupancy The occupancy part is easy to figure out. Price is a lot trickier. Set prices too high? It’ll be harder to fill units. Set prices too low? You’ll grow occupancy fast but lose money on every lease. That’s why you need a pricing strategy—a plan to follow so that your rents and occupancy work together to achieve a community’s financial goal. In this guide: The three primary strategies for increasing apartment revenue How pricing strategies derail The difference between aggressive and conservative pricing Three Approaches to Maximizing Apartment Revenue Apartment... Read more
The rental market is shifting, and a new type of property owner is driving the change: the reluctant landlord. These are individuals who didn’t originally set out to...
As a landlord or property owner, when was the last time you raised the rent on your tenants? If it’s been a while—or maybe never—you’re not alone. Many...
When managing multiple apartment communities, it’s easy to get caught up in the right now. You’re focused on surviving the upcoming busy leasing season,...
The traditional plan of adding value in a multifamily property typically stems around renovation and better management that leads to the opportunity for rent increases....
Accessibility