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
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...
ADUs (Accessory Dwelling Units) and tiny houses have become distinctive living solutions in compact living. Understanding these options’ differences is crucial for...
There is a fine line between growing rental income and creating vacancy that needs to be understood when managing a property. Economists describe this tension as...
In the competitive multifamily housing industry, property managers are constantly seeking innovative strategies to boost Net Operating Income (NOI), increase resident retention, and attract new residents. Traditionally, rental income constitutes the bulk of revenue for multifamily properties. However, relying solely on rent limits potential growth! As the Director of Growth Marketing at Elevated Living and former Corporate Marketing Manager for over 125 properties for two very large multi-family property management companies, I increasingly see developers and property management companies trying to offer the best amenity packages to their residents. Property managers are turning... Read more
Multifamily real estate investments are often hailed for their potential to provide substantial cash flow, tax benefits, and property management ease. These properties,...
Multifamily real estate has long been one of the most reliable asset classes in commercial real estate, offering steady returns through rental income and long-term...
What would your current or prospective renters say if you asked for their thoughts on your rent prices? What if you were to ask that same question to your on-site...
Maximize financial gains in multifamily real estate syndication by leveraging tax benefits. Utilize depreciation strategies to reduce taxable income, benefiting from...
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