Property Management News
Though many of your apartment community’s units may have similar layouts, rooms, and square footage, each has unique qualities. Those unique qualities are called unit amenities, both positive and negative differentiators that affect their value and desirability. By charging for those differentiators in your rent pricing strategy, you can: Lease all units faster. Boost your apartment’s revenue. Offer your renters more transparency when choosing which unit to lease. Here’s a step-by-step guide to implementing unit amenity pricing in your community. Step 1: Identify Positive and Negative Unit Amenities First, you must analyze every unit in your apartment community to... Read more
It’s a rare but awful occurrence: someone passing by a multistory building, minding their business as they go about their day, is struck by something—a brick, a...
Imagine this: You’ve spent months revamping your apartment website and are investing more in digital ads. Your traffic and lead data show that your new marketing...
Fixer-upper investment properties have become very popular in recent years due to the “fixer-upper” television show. Thus, this real estate strategy is...
Finding affordable housing is a struggle for many Americans—including members of the military. Housing costs are the top factor contributing to financial stress for...
Because of their capacity to improve an investor’s cash flow, generate multiple streams of income and boost their net operating income (NOI), multifamily properties are a popular type of real estate investment. Multifamily refers to properties, such as apartment complexes, condominiums, townhouses, semi-detached units and duplexes, all of which offer multiple spaces for rent. Are you taking that big step and purchasing your first multifamily property? Or are you an old pro adding another investment property to your real estate portfolio? Either way, there are certain steps that you need to follow to make the experience a successful one. Taking your time and doing your due diligence when... Read more
Your property’s staff—in particular its maintenance staff—is the oil and muscle that keeps your building or HOA in shape and operating from day to day. There’s...
The Fair Housing Act (FHA) requires property managers to provide reasonable accommodations for residents with disabilities to ensure equal access and enjoyment of their...
You may think improving your apartment building’s exterior is a daunting task. However, with a few simple and cost-effective strategies, you can make a big difference...
As a renter, when you start looking for somewhere new to live, you need to let your current landlord know that your current lease is ending and that you’re moving...
Accessibility