Property Management News
Rent Collecting Options Cash We recommend against using cash to collect rent. It’s not very secure, and can be lost, stolen, etc. You should also issue a receipt, which is often difficult to do in the moment. Peer to Peer Payment Platforms There are various payment platforms these days that make sending and transferring money a breeze. They all essentially aim to make the transfer of funds as quickly and painlessly as possible. There may be fees, transfer limits, no cancellations, payments sent to the wrong account, etc. However, take note that in some locations, if a tenant has made a partial rent payment, even just $1, you may not be able to start an eviction process. If an... Read more
They call it passive investing. You buy an investment property, find tenants and collect the rent. Sounds so easy doesn’t it? But the reality is that there is a great...
Why rent a house over an apartment? Extra privacy and space are the understandable top reasons, but there’s a twist: The need for better pet accommodations surpasses...
Today’s renter is many things . . . demographically diverse, often working remotely, seeking social interaction and quite value-conscious. And importantly,...
We are often asked by other landlords like ourselves, “Do I need a business bank account for rental income?” For most, the answer is yes. Managing rental properties...
The U.S. Department of Justice has sued the owners and managers of an apartment complex for discriminating against Black tenants over felony and criminal history background checks, according to a release. The suit alleges that Suburban Heights Apartments near St. Louis “engaged in a pattern or practice of race and/or color discrimination against prospective Black tenants by banning tenants with any past felony conviction and certain other criminal histories, in violation of the Fair Housing Act.” The felony ban was in place regardless of how old the felony was or the nature of the offense, the suit says. The complaint was filed in the U.S. District Court for the Eastern District of... Read more
As Hurricane Milton bore down on Florida– the second major hurricane in just two weeks to hit the state – some Americans said natural disasters will play a role in...
Losing a resident may seem like a small slip, but in reality, it’s a heavy blow to any property. It’s not just the empty unit—it’s the ripple effect...
The age of one-click purchases and same-day deliveries has created a new kind of monster — a significant increase in package deliveries to multifamily properties. The...
For Steve Bardack, the secret to resident engagement starts with a doggie door. “The doggie door is a game changer. A prospective resident sees it and instantly...
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