Property Management News
When managing a short-term rental property, understanding what is reasonable wear and tear is critical for maintaining good relationships with guests while protecting your investment. Wear and tear refers to the natural and inevitable deterioration of a property that occurs over time simply from regular use. Distinguishing this from damage caused by neglect or misuse is important for both property owners and renters alike. Understanding What Constitutes Normal Wear and Tear Reasonable and normal wear and tear typically encompasses minor signs of aging or usage that can be expected even when the property is treated carefully. Examples include: Scuff marks on walls from luggage or... Read more
Renovating your multifamily property can lead to higher rents, better tenants, and increased value, but not every project makes financial sense. In today’s evolving...
Are you constantly seeking out innovative solutions to enhance the security, convenience, and operational efficiency of your multifamily dwelling? If you’re still...
Tenants dream of living in a place they can truly call home. However, issues like mold can sometimes get in the way. It makes the place feel stuffy and can even take a...
Though they were once the height of fashion, these days, many are wondering how to remove popcorn ceilings. In the middle of the 20th century, the textured feature...
Today’s multifamily investment market can feel like a three-ring circus thanks to leveled-off rents, increased costs and more competition in many regions. Performers in this circus are often walking on a tightrope. On one side, there are repairs to be made and renovations that can lead to justified rent increases. On the other side, costs and reality must reign supreme. “Pre- and post-COVID markets have forced an evolution when it comes to investing in an asset,” says Sarah Connolly, vice president of operations at Capital Square Living in Glen Allen, Virginia. “Owners now have to ask themselves, ‘What is actually going to bring a return, and what should be incorporated into... Read more
Improving your rental property isn’t just about aesthetics—it’s about making the unit more appealing, reducing vacancies, and attracting quality tenants. In a...
The history of property maintenance operations has seen slow but continuous innovation. The techniques we see as outdated today were the best practices of their time,...
Window screens might seem like a small thing, but they play a big role in making a place feel like home. They keep the bugs out, let the breeze in, and add a layer of...
Sometimes, to make accommodations for the property, the landlord may need to make certain changes that help the leaseholder feel more comfortable. These changes are...
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