Late Fees: What Should a Landlord Charge? It's inevitable, perhaps in 2024, that some of your tenants will be late paying their monthly rent. Across the US, quite a few renters are behind on their rent payments. "8,070,524 people ages 18 or older in the U.S. aren’t caught up on rent payments. Put another way,…

Attracting Baby Boomer Renters New industry reports are talking a lot about how baby boomers are driving the housing market right now. Overall, they own half the wealth in America, and they're swelling the senior age group category and will continue through 2030. They're competing head-to-head to buy homes vs Millennials and winning, yet Millennials…

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…

What Should You Look for in a Good Property Management Company? As a landlord owner, it's inevitable that you'll hire your first property management company, or will need to fire and rehire another one. Do you have a good system with thorough vetting criteria so you'll choose your next provider wisely?  Because your decision might…

Apartment Transfers Tenants will often dream of transferring to a better apartment unit. That thought could move them to begin searching online for an apartment to rent because they feel an emotional need for change. Should landlords have a process to register for a better condo or apartment unit when one comes available? If a…