Property Management News
Do you factor in competitors’ rents when setting yours? If so, it might be time to address your apartment community’s pricing strategy. That’s because relying on competitor pricing when setting your rents can cause your community more harm than good. We’ll explain the pitfalls of copying competitor rent prices and why you should use your communities’ unique data points to set optimal rent prices. Pitfall No. 1: Competitor pricing lags behind the market. Occupancy vs. Market Rents of Stabilized Apartment Communities in Houston (Courtesy of ALN Data) When you or your current revenue management software factor in competitor pricing information to your... Read more
In recent years, tiny homes have become a popular alternative to the traditionally large American-style home and a viable way to provide shelter within a small space....
Though many of your apartment community’s units may have similar layouts, rooms, and square footage, each has unique qualities. Those unique qualities are called...
Imagine this: You’ve spent months revamping your apartment website and are investing more in digital ads. Your traffic and lead data show that your new marketing...
Fixer-upper investment properties have become very popular in recent years due to the “fixer-upper” television show. Thus, this real estate strategy is...
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for downsizing or seeking an alternate living space. ADUs are additional living units on the same property as the main house. They can be converted garages, basement apartments, or separate cottages. ADUs allow homeowners to expand their living space and generate rentals while maintaining the privacy of both units. On the other hand, tiny houses are compact living spaces intentionally designed to be small and efficient. These houses often feature a minimalist lifestyle, where every inch and corner is maximized for... Read more
There is a fine line between growing rental income and creating vacancy that needs to be understood when managing a property. Economists describe this tension as...
In the competitive multifamily housing industry, property managers are constantly seeking innovative strategies to boost Net Operating Income (NOI), increase...
Multifamily real estate investments are often hailed for their potential to provide substantial cash flow, tax benefits, and property management ease. These properties,...
Multifamily real estate has long been one of the most reliable asset classes in commercial real estate, offering steady returns through rental income and long-term...
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