Ask any of the politicians in Sacramento if they believe in government transparency, full disclosure of their official actions and the open and honest operation of state functions, and they will, to a man and woman, answer with a resounding, yes!
In an interview with Multifamily Executive Magazine, James McClelland, the CEO of Mack Cos. of Tinley Park, Ill and 36-year veteran of the investment real estate market, said: What we’re getting now versus what we got before are residents with better income: people in solid situations who for one reason or another were forced out…Details
As a landlord, your tightest months for cash flow are usually at the end of the winter and beginning of spring, in March, April and May. You’ve just finished paying for the extra costs that winter brings; sky-high utility bills, heating issues and so on. Not only that, but any vacant units probably took longer…Details
The most inexpensive way we have to increase occupancy is by increasing our renewals and referrals. Here are some ways managers across the country are improving their renewals and referrals.
Evicting a tenant for nonpayment of rent is not nearly as simple as it once was. This is because of the fact that although the unlawful detainer statutes were originally designed for relatively simple and expeditious recovery of rental units, that body of law has now been modified beyond recognition, creating numerous traps for landlords…Details
“Best” service, especially in the property management industry, can be deceiving because the needs and expectations of your residents are changing and evolving rapidly. In addition, your residents are comparing your apartment communities to both your competition and to best service with every company, product or service they experience. By reading this article, you will…Details
The Due Diligence process is the art of inspecting the asset prior to signing the contract to purchase the property. In this article we are going to speak about the “EXTRAS” that should be included in the Due Diligence process and the reason why you should demand this as part of your program.Details
The way that we market to potential residents is changing. The fact that potential residents are using the Internet to search for properties is nothing new, but there has been little information about how they are searching. One of the most interesting items is the increasing importance of social media–not the social media that we…Details
The economic shocks of 2007-2009 are still fresh in the collective mind of the real estate industry. So, despite the dramatic rebound in apartment fundamentals and the new surge of apartment development activity (or perhaps because of it), many apartment industry insiders and outsiders are questioning how long it will last.
As we all know, the economy is in a deplorable condition with the resultant high unemployment and slow, or perhaps no, economic growth. On the surface, it would appear that this is an appalling situation and can do nobody any good. However, there is one aspect of this situation which can be of benefit to…Details