Apartment Rental Occupancy Rates Multifamily investors, landlords and property managers must manage well to avoid vacant units. The hit to profitability is high when churn or longer term vacancy due to legal issues, or construction rehab projects. For property pros time is money, yet occupancy rates which they're focused on, show how a property is…
Increase Profit Margins The purpose of any business including a property management business is to earn a good profit. It's the number one goal of property managers according to surveys and whether through efficiency, revenue increases or scaling up with new accounts, you'll find plenty of ways to make your business more profitable if you're…
New Amenities for 2022 It's summer once again, the perfect time to think about adding new amenities for tenant enjoyment. Some are simple while others might come at some expense and setup time, but almost always met with approval from your loyal tenants. Kids playgrounds, tennis courts, basketball courts, barbecue party areas, swimming pools, garden…
Benefits Packages Tenants Love Property managers and landlords are looking for better ways to operate their businesses. That will lead them to a reassessment of their business model and discovery of new ways to attract customers and shape their brands. Services are actually a rich collection of features and benefits for customers. When landlords offer…
Outlook for Rent Prices Rent is rising in 2022, faster than it did in 2021. That shouldn't be a surprise that so far this year national rents have risen 2.5% vs 1.9% in 2021 during the first 3 months. However the rate of growth in the past month could send shockwaves into communities if they…
A Keen Focus on Business Growth We've discussed the topic of growth and profitability in many posts, and they are vital topics for property management companies. There are a good number of property managers who are keen on growing their businesses either through new clients or by acquiring properties themselves. With rent revenues rising so…
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