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…

Buildium® 2023 Survey: Portfolio Growth and Profitability The recent Property Management Industry Survey from Buildium® shows a slight change in property manager preference in 2022 compared with previous years. It's an excellent survey and shows how business slowly changes and that property managers and landlords try to move toward what's really important today. We thought…

Buy vs Rent in 2023 Redfin's latest report found that in only 4 major US metros , is it better to buy than rent. Those cities were Houston, Detroit, Philadelphia and Cleveland. The rest? Better to rent. Yes, mortgage rates have climbed and housing supply has cratered, especially in the single family market pushing house…

Accounting Setup for HOAs Homeowner association boards and their HOA management company face a number of challenges in setting up and managing a cost effective and legally compliant HOA. What they don't need during this phase is a poor handling of the board's financial transactions, producing inaccurate financial reports for HOA planning uses, filing cabinets…

UK Property Market Update How quickly the outlook on the UK property market has changed. We went from boomtime reports earlier this year to doomsdays scenarios. Those lofty price heights dashed by stronger headwinds should push the housing market into a sizable downturn, but perhaps not as severe as some might predict. Support for beleaguered…