Property Management Blog

4 questions to ask before buying a rental property

System - Wednesday, March 29, 2017
If you’re obsessed with HGTV, remodeling and regularly use phrases like “reclaimed wood” and “farmhouse feel,” you’ve probably kicked around the idea of buying investment property. The popular TV niche has given birth to a group of people who are motivated to improve their incomes with do-it-yourself p...

Managing Your Investment I’m a Landlord: Can I Ever Truly Retire?

System - Tuesday, March 14, 2017
There is a major dilemma facing many Baby Boomer investors today. Their successes in real estate have produced a failure in quality of life. What is the problem, and is there a solution? Let’s start with the problem: a “good problem” to have. Twenty to 40 years ago, you bought rental real estate, maybe a small apartm...

Question of the week

System - Wednesday, March 8, 2017
Question: I have heard that if the condo I rent is uninhabitable the tenant can withhold rent. What constitutes uninhabitable? Answer: A residential rental unit is uninhabitable if there is a condition on the premises which substantially interferes with the health or safety of the residents and occupants. However, it the tenant was the so...

Micro-Housing Boom: An Answer to the Affordable Housing Crisis?

System - Sunday, March 5, 2017
Though national apartment rents are growing less quickly, they still exceed the average American’s budget in some cities. One way developers are working to address this imbalance is by building micro-lofts. Micro-housing has gained momentum these past few years, particularly in denser markets, Doug Ressler said. The c...

When having a ‘pet spa’ is no longer enough: Amenities on the rise in upscale apartments

System - Thursday, March 2, 2017
What do you do when a dog-washing station isn’t fancy enough for apartment renters anymore? Up the amenities another notch: Built-in dog food and water bowls, Vitamin C-infusing shower heads (for the human renters), free local produce for tenants, rooms with tools for people to brew their own beer. Those are some of the sug...

How Your Apartment Community Can Win Big on Craigslist

System - Tuesday, February 28, 2017
Posting to Craigslist is, theoretically, a relatively easy task for most leasing agents and property managers. But what we have seen as we have analyzed hundreds of communities’ marketing strategies over the past several years is that many communities are not utilizing Craigslist as effectively as they could. Part of ...

Rising Interest Rates Likely to Cool Net Lease Prices

System - Sunday, February 26, 2017
Buyers vying for net lease investment properties have been paying top dollar to win deals. But an increase in interest rates is already causing cap rates to creep higher and there could be more price adjustments ahead for 2017. “Going into this year, the big question mark is going to be how much the recent rise in intere...

Here’s why you could have property tax liens in your portfolio

System - Thursday, February 23, 2017
Bennie Smith Jr. was looking for a way to build his wealth quickly when he bid on two property tax liens in Decatur, Illinois. He bought one on a vacant home in his former neighborhood for about $5,000 and another on a vacant lot for $600. His plan was to take over the properties if their owners did not pay the lien within...

Renting To Felons: What You Need To Know To Offer Felon-Friendly Housing

System - Monday, February 20, 2017
There are over 70 million Americans with arrest records. By providing rentals for felons, you can increase the pool of renters for your apartments while enjoying the satisfaction of knowing that you are helping an ex-convict get back on his or her feet. Yet there’s a bigger reason to rent to felons: By denying potential r...

Health-Minded Affordable Housing Design Boosts Tenant Well-Being: Developer

System - Sunday, February 19, 2017
BROOKLYN – A developer in an asthma-ridden section of the South Bronx noticed something unusual about one of their smoke-free, eco-friendly affordable housing buildings in the area. The Eltona, Blue Sea Development’s first LEED Platinum building, had a lower rate of rent delinquency than other buildings in the company...


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