Property Managers Refocusing for the Road Ahead How many times do business people forget important information and lessons?  Perhaps too frequently, which is why reviewing insights and keeping up on trends/reports is a must. A new report from the President and Chief Executive Officer of the National Apartment Association (NAA) reverberates much of what we've…

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…

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…

Raising Rent Prices for Better Portfolio Performance This topic of raising rent prices is a sensitive one for some renters, investors, government staff, economists, and landlords. Yet all rents must rise one way or another so everyone isn't going out of business. Most landlords want to ensure they get a reasonable return on their property…

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…