Apartment Rental Vacancy Rates Multifamily investors, landlords and property managers don't appreciate the hit to profitability when tenants break leases. Whether its rent prices, lease issues, or wage/job worries, unprepared landlords get hit with losses. As landlords might say "vacancies happen."  And are you strategizing well enough to prevent losses from all the events that…

Student Loan Payments Restart October 1, 2023 High debt loads are a common occurrence for Americans from all walks of life. That high debt combined with very high rent prices and cost of living, has reduced the number of high-quality renters able to handle today's rent prices. When debt increases happen, it serves to reduce…

A Policy for Maintenance? How to get a grip on costs that just seem to evade control?  That's our topic today. In 2023, when business turns a little sour, cuts to maintenance are often the easiest, no-brainer response to lowering property management costs. Of course, that impacts residents and HOA members, if it's applied in…

The National Multifamily Housing Council NMHC is one of the most prominent organizations in the property management industry. As a major professional level association of multifamily housing professionals and service organizations, it's membership is in the tens of thousands. Multifamily housing is a big component of the overall real estate market often dominated by large,…

Property Owners Want Better ROI It might seem unfair to ask a property management company to grow ROI, yet owner's request for profit growth is your opportunity to ask for more from them in budget and fees. Aren't all problems an opportunity? Surveys show rent price increases are the preferred route to higher ROI. Yet…