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Happy Tenants Means More Retention
So What Can You Do to Keep Them Happy? Being a landlord is like a juggling act. Not only are you trying to keep your tenants happy, but it is a business, so you are still trying to make money as well. Whether you manage residential properties – from a few flats to…
Where Apartments Are Heading in 2016
There is no denying that 2015 was a remarkable year in the multifamily sector of real estate. Vacancies were low, rent growth was high, and the number of renters rose by 1.8 million. Records were broken throughout the year and Americans paid nearly $20 billion more in rent in 2015 than 2014. So, with 2015…
Fall Checklist for Property Managers
With summer quickly coming to an end (sigh), the end of a season is always a great time to do some preventative and routine maintenance on your property. Having a fall checklist is crucial to avoid major problems during the harsh winter – the absolute worst time to have anything go wrong! Take a look…
Multifamily Market Mania: What You Need to Know Right Now
Multifamily properties are thriving! According to Freddie Mac’s mid-year multifamily outlook, the U.S. market has vacancy rates at a 13-year low. So, why the increase of demand for multifamily properties? Joint Center for Housing Studies of Harvard University states that there are several factors to look at that could be contributing to the rise of…
Commercial Real Estate Due Diligence Process –What You Should Be Checking
Commercial real estate is extremely different than the purchasing of residential real estate. According to CRE Online, commercial real estate value is determined in an inverse proportion to the degree of risk inherent to the continuance and stability of the income stream from the property. Also, with commercial real estate, you are putting much more…
Why We Still Use Checkbooks to Pay the Rent
Written by: Patrick Clark In 2007, Arlington (Va.)-based property management company AvalonBay Communities made a seemingly obvious decision. The company stopped accepting rent at its apartment buildings, and started making tenants send payments to a centralized office. Renters could put checks in the mail or use a new online system to transfer payments from one…