New York City Rental Prices New York City, NY is recovering from the Covid pandemic only to meet with new challenges for its rental market. Vacancy rates in each of its 3 main Burroughs are extremely low while rent prices are recovering. As this graphic courtesy of Zillow shows, rent prices in metro New York…

What a Tenant Wants What a tenant wants, they should get. Because they're willing to pay for it. A couple of recently published tenant surveys (attitudes and preferences) paints a picture of a diverse group of real people with a laundry list of wants.  The key point of tenant-oriented property management strategies is that renters…

30 Key Trends for the Property Management Industry in 2024 As you turn your attention ahead to the new year, you might be carrying a large set of legacy business challenges with you. Rent payment delays, falling rent, rising vacancy rates, debt, fewer trained staff and higher wage costs, higher maintenance and financing costs, rent…

Manage Your Property Management Costs Rising costs are a growing concern for landlords and property managers this year as inflation eats more of their profit margin. If you haven't managed the cost side of your balance sheet, then this short term pressure is actually a blessing.  Now you'll finally be making efforts to streamline, reduce…

Property Management Fees All Landlords ask this question frequently: "how much does property management cost?" It's a necessary question of course since they must purchase services and be within their property management budget. The average revenue for a property management company’s revenue is about 20% profit according to studies. On a total fee of your…