Property Management News
When lightning struck the apartment building at 655 New York Ave. in Brooklyn, it started a blaze that ripped through more than 100 apartments. More than 200 firefighters arrived on the scene. Three and a half hours later, the fire was under control, but the homes were incinerated. That was in 2012. To this day, the building’s residents haven’t been able to return. The building is one of nearly 9,000 in New York City that have been placed under an order to vacate since 2012 — an emergency protection that today is being slapped on a record number of buildings, according to a Bisnow analysis of city data. “It’s all tremendously frustrating,” Legal Aid Society... Read more
Heading into the second half of the year, independent rental owners are adjusting their strategies about where they put their money compared to six months ago, opting...
Value-add apartment investors are entering a new phase in which future returns will depend far more on property-level performance than on market-driven valuation...
There’s a familiar internal debate that happens at the worst possible times. Something’s leaking, it’s late, and the question creeps in: Does this...
With leasing traffic peaking and residents spending more time outside, curb appeal, comfort, and daily upkeep can make or break the experience—turning simple...
Home renovations can improve both the comfort and long-term value of your property, but they often come with unpredictable costs and timelines. A home equity line of credit from PNC Bank can be a practical way to finance these projects, especially when expenses are spread out over time. Instead of taking on a fixed loan amount upfront, this approach allows you to access funds as your renovation progresses. Why Renovations Pair Well With Flexible Financing Unlike one-time purchases, home improvement projects often evolve. You may start with a kitchen upgrade and later decide to expand into additional areas of the home. Materials, labor costs, and timelines can shift, making it difficult to... Read more
For apartment owners getting unusual calls from insurance companies about deck inspection reports, the deck inspection conversation isn’t theoretical anymore –...
When most people think of maintenance, they probably think about wrenches, drills and screwdrivers, not cutting-edge digital technologies. But when it comes to...
On an extremely cold afternoon last month, several tenants said they couldn’t shower, flush the toilet or do their laundry. Building managers blamed frozen pipes...
Discover the hidden costs of tenant turnover and learn strategies to reduce vacancies. Complete breakdown of expenses, time investments, and proven retention tactics for...
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