A new generation of renters has officially emerged as the eldest of Gen Z turn 25 this year. It’s okay to admit that as a property manager, you may be a little out of touch with this generation. So how can you adapt your properties to appeal to this new generation of renters?
Sometimes, apartment life sucks. You know its advantages–think awesome amenities, lifestyle flexibility, and affordability–but there are no doubt drawbacks that leave residents frustrated. Understanding what might cause their dissatisfaction is key to retaining them, which is important to keep your units filled and cash flow stable. So what are the most common frustrations, and how can you minimize them as a property manager?
Subleasing is a hot topic in today’s rental market, and you may be wondering whether it’s the right move for your multifamily property. We’ll guide you through what a sublease is, its advantages and disadvantages, and help you decide whether or not it makes sense for your property.
Attracting prospective renters is no doubt an important task for a property manager, but what are you doing to keep the ones you already have? Here are three reasons why resident retention is essential to your success, and the best ways you can achieve higher retention rates at your properties.
Fall is the perfect time to bring the community together. Not only are events just plain fun, but they also serve to enhance your residents’ experience which is crucial to resident retention and good recommendations for your properties. Keep reading for 5 event ideas to get your residents in the fall spirit!
Long gone are the days of managing your multifamily properties with spreadsheets, physical paperwork, and rent checks…at least we hope. No really–you’ve invested in property management technology, right? Well if not, it’s time to modernize your property management. Let’s take a look at how investing in PropTech and upgrading your management system is a smart move for your rental business.
As a property manager, collecting rent at the beginning of each month is the bread and butter of your business. As a crucial task, and one that’s often much easier said than done, it’s essential to do everything in your power to make paying rent as easy and mindless as possible. Read on to discover the top 3 reasons you need to be offering automatic payments to your residents today.
Keeping tabs on certain key performance indicators (KPIs) will give you some objective criteria by which to judge your business’ success and help illuminate where things are working well and where there may be some room for improvement. If you’re not sure what KPIs to track, we’ve got you covered; let’s take a look at three of the most useful metrics for property managers.
You know how important preventive maintenance is. You probably also know that the best way to make sure it all gets done is by making a list and sticking with it until everything is done. But did you know that there are a few tricks to help ensure that you’re maximizing the utility of your checklist? Here are some of our favorites.
Have you ever given any thought to renovations at your multifamily property? If not, it might be worth thinking about. Renovations can be hugely valuable for your properties, helping to modernize them and make them more appealing to potential residents. Interested yet? Then read on to find answers to a few renovation FAQs!
A recent innovation in the world of property management is the ability for residents to build credit when they pay their rent. The advantage of a service like this for residents is obvious: they can increase their credit score with no extra effort just by paying rent, which they already do anyway. But the arrangement offers some perks for property managers as well. Here are three top reasons to consider offering this type of program to your residents.
Maintenance is hard work. Between inspections, preventative maintenance, repair requests, and major renovations, it’s a lot for any property manager to handle. With so much to do, you certainly don’t want to make any of it harder than it has to be! Here are some of our top tips to maximize maintenance efficiency and work smarter, not harder, on maintenance tasks at your properties.
Thinking about getting into multifamily property management? We’re here to help! Whether you’re an experienced property manager who has previously only handled single-family properties or you’re looking to break into real estate investment for the first time, we’ve got you covered. We’ll walk you through everything you need to know about getting started in the multifamily business.
When an emergency strikes, will you be ready? Natural disasters are on the rise, and it’s vital to make sure you have a plan in place to protect your residents and properties in case one impacts you. So what can you do to make sure you’re properly prepared? Read on to find our top emergency-readiness tips.
Back in the day, resident benefits packages were offered to those who lived in luxury properties. Fast forward to today, and now all types of rental properties offer benefits packages because it’s become a part of the resident experience. They can cover just about everything! Think about how amazing your residents would feel with benefit options like air and water filter delivery, 24-hour concierge services, and emergency repairs.
