Property Management News
For many renters, pets are family. Yet in the rental housing industry, pet fees, deposits, and pet rent have become standard costs for pet owners. While these charges often are justified as necessary to cover potential damages, the reality is that many housing providers have turned pet fees into a significant revenue stream. This raises an important question: Are pet fees truly about cost recovery, or have they evolved into an unfair financial burden, particularly for lower-income renters? Breaking Down the Math: Pet Fees as a Revenue Stream Revenue from Pet Fees To illustrate the financial impact, let’s consider a hypothetical property management company overseeing 10,000 rental units.... Read more
Multifamily Bridge Loans: What Real Estate Investors Need to Know In today’s competitive market, real estate investors often need fast, flexible finance solutions to...
Remote work, steep mortgage rates and new types of rental properties are fueling demand far from urban downtowns. Renting is taking off in the suburbs as homeownership...
Nothing bugs people as much as finding cockroaches in an apartment building. Needless to say, you’re probably wondering: How do I deal with cockroaches in a rental...
Seniors nowadays are renting more than seniors did years ago: The most recent U.S. Census data reveals that, between 2013 and 2023, the number of renters aged 65 and...
In recent years, multifamily property owners have faced a rising number of lawsuits from “serial plaintiffs” or “testers” alleging noncompliance with the Americans with Disabilities Act (ADA) and Fair Housing Act (FHA) regulations. These legal challenges can impose substantial financial burdens on multifamily owners, encompassing not only costs associated with rectifying legitimate violations, but also the cost to defend a lawsuit and potentially pay fines, damages and the plaintiff’s legal fees. The ADA and the FHA are landmark pieces of legislation that prohibit discrimination based on disability. While both laws aim to ensure equal access and opportunity for people with... Read more
Hurricane season is officially underway, and the National Oceanic and Atmospheric Administration (NOAA) is predicting an above-normal season. Hurricane season runs from...
It is a landlord’s legal responsibility to keep their properties habitable. If they do not do so, their tenants will not be happy and the property owner can end up in...
If you’ve been house hunting — or even just scrolling through rental listings — you’ve probably come across something called a garden apartment. But what is a...
Worried you’ll pick the wrong tenant this summer? You’re not alone. With warm weather comes a flood of rental activity, and landlords are rushing to fill vacancies...
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