Property Management News
Successfully managing rental properties can feel like balancing multiple roles at once. From ensuring tenant satisfaction to handling maintenance issues and complying with legal requirements, property management involves various tasks that demand organization, knowledge, and a proactive approach. However, to help you get into rental property management with confidence, we outline each aspect of the process with practical tips to streamline your operations, maximize rental income, and protect your investment. The basics of managing rental properties Before exploring specific strategies, it’s essential to have a solid grasp of property management fundamentals. Here are the general... Read more
Effective January 1, 2025, NYC implemented the Fair Chance Housing Law, which requires a bifurcated screening process for applicants when the landlord wants to conduct a...
As a landlord, expecting tenants to stick around forever is wishful thinking. Though some occupants might renew for consecutive years, it’s common to experience...
The tenant selection process can be very unpredictable. Sometimes, you might get lucky with your first applicant. Other times, you might have to screen multiple...
Declining rental applications comes with the territory of being a landlord. Though it’s never fun to reject an applicant, sometimes it’s necessary to ensure your...
When pandemic-era tenant protections expired, rents immediately soared, and eviction filings surged last year more than 50% over pre-pandemic levels in some U.S. cities. These filings can cast long shadows. Simply being named in an eviction complaint, regardless of the outcome, can severely limit future housing options and prolong housing insecurity, according to a recent University of Michigan study. The situation underscores a growing debate across the country: Should eviction records be shielded from public access to offer tenants a cleaner shot at finding another home? In recent years, more states are saying, “yes — at least in some cases.” Eviction filings are public court... Read more
A landlord can terminate a Section 8 lease if there is just cause. A Section 8 lease is a contract between a landlord and a tenant who receives rental assistance...
Have you ever encountered challenges with a lease violation? Lease violations are common situations that can impact both homeowners and residents. Fortunately, with a...
To minimize investment risks in multifamily real estate, prioritize thorough due diligence. Identify potential risks through in-depth examination, including market...
The importance of a thorough and accurate rental application cannot be overstated. As a careful landlord, you want to know as much as possible about anyone seeking to...
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