Property Management News
Shortly after 8 a.m., an incinerator shaft collapsed at the public housing apartment building on Alexander Avenue, officials said. Emergency personnel responded to the partial collapse of an apartment building in New York City on Wednesday morning. At 8:10 a.m., an incinerator shaft collapsed at the public housing apartment building on Alexander Avenue in the Bronx, Deputy Mayor Kaz Daughtry wrote on X. A preliminary investigation suggests some type of explosion triggered the collapse, Mayor Eric Adams said at a news conference later in the day. Fire Commissioner Robert Tucker told reporters: “It is a ventilation shaft connected to the boiler. We believe that’s where the explosion... Read more
Aging apartment buildings may not grab headlines like shiny new developments, but for multifamily investors, they’re often the real hidden goldmine. Across the U.S.,...
In April 2023, as a bitter debate raged between landlords, tenants and policymakers over how to bring vacant, low-cost apartments back to the rental market during a...
Tenant Turnover: What It Really Costs You and How to Reduce It In multifamily real estate, one thing is always true: cash flow is king. If you’re an investor who wants...
Across the country, multifamily property owners are increasingly turning to renovations as a strategy to stay competitive. With the cost of construction materials...
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...
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