Property Management News
Many property managers, especially those feeling pressure from their investor clients, might be tempted to list properties as early as possible. Instead of waiting until 30 or 45 days before a vacancy, they list it four to six months in advance. The idea is that the longer a property is listed, the more opportunity you’ll have of finding a qualified resident. In reality, there’s almost no benefit to listing a property far in advance, and it comes with a lot of hidden cost. Whenever possible, property managers should wait until a property has been turned and is rent-ready before listing, so that the listing is accurate, fresh, and appealing, and showings present the best property... Read more
Dreaming of owning a multifamily property but worried about the upfront costs or strict lending criteria? FHA loans might be the key to unlocking that dream. These...
Once upon a time in multifamily marketing, it was all about the unit. Show the square footage. List the features. Add a few photos. Done. But today? Renters expect...
Roughly 62% of Americans own a pet, according to Pew Research Center. Of those pet owners, nearly all consider their animals part of the family. Yet many landlords still...
If you’re managing rental properties and feel like your leasing efforts are stuck on repeat, you’re not alone. High turnover is costly—not just in dollars but in...
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
Ethics in property management influence how fair, consistent, and transparent your housing practices appear to residents, staff, and regulators. In property management,...
A critical gap exists between pet-friendly and pet-inclusive rental housing, according to a new national report from the Pet-Inclusive Housing Initiative (PIHI), a...
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...
One often-overlooked but crucial aspect of property management for landlords is the power of knowing the neighbors of the properties you own. Here are 4 steps you can...
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