How to Adapt to Lower Rents and Rising Vacancies 2023 was another great year for landlords. Rent prices were stable and in many regions rose. Of late however, the trending news story in the property management and real estate space is falling rent prices. And since your operations costs remain high and your own mortgage…
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…
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…
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…
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