Property Management News
These days, adults moving into apartments are rarely alone. They might come with a partner or children, and many might also bring a four-legged feline or canine companion into their living space. Multifamily owner-operators are increasingly welcoming renters’ pets into their communities. “Owners and operators have become attuned to renters’ desires to pamper their pets, offering amenities like dog-washing stations, grooming areas, and enclosed dog parks,” Lindsay Steiner, co-founder of Bradyl Storage Solutions, told Connect CRE. Pet owners need space to store their animals’ larger accoutrements, but such options are not always available. “To truly meet the needs of... Read more
As a real estate investor, capitalizing on spring and warmer months is key. When looking into real estate deals, understanding when “spring” and the market peaks in...
May-August are common times for people to relocate, making it a busy season for landlords and property managers. As peak rental season gets into full swing, a little...
Ever wonder if there’s a quick way to get a feel for whether the asking price or future value for a multifamily property is in line with its competitors? Knowing the...
This guide will walk you through the essential steps and proven strategies on how to find underpriced properties for Airbnb to ensure you’re well-equipped to...
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...
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