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What do you think, should they have been served eviction notices for gardens?
They have the right to make that request and the tenants have to follow it or face the consequences.
Is it legal, yea. Is it moral, not really. But the situation got taken care of either way
Pros and Cons Of Tenants Receiving Vouchers
While there are properties that focus exclusively on affordable housing, most properties are mixed use. They include a minority of tenants who are helped with their rent through a voucher system. The most common system being Section 8. Vouchers can cover...
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Why is it that the only people who write their unit # on the envelope always have it written on their check also?
Looking for some input on parking enforcement. When do you tow (and is it only a last resort)? What other methods do you have for enforcement besides towing?
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Ok Folks... This post is for humor only. Please do not take it literally. That is All.
All Multifamily competes for tenants by giving concessions. The most common type of Concession is the Free Months rent.
It is usually given in the 2nd month.
While the free month Consession is attractive to all demographics. It's most attractive to lower income folks.
Unfortunately that's where the...
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During the Centralization & Optimization: Using Technology to Centralize & Optimize Operations Effectively session at RETCON this past week, Whitney Kidd asked a great question about potential reduction in customer satisfaction (CSAT) scores after centralization efforts. Gigi Giannoni shared that they only received 3 negative complaints across the entire portfolio, but one thing they had focused on was increasing the frequency of resident surveys and the timeliness of their response.
Love the story and message! Share pics of the kittens!
Multifamily portfolio management is changing. High interest rates are revealing the reality of bad property management.
Where previously a portfolio with low interest rate financing was able to make a profit, the same portfolio with high interest rates isn't.
Property management now needs to focus on the 4 pillars of multifamily protfitability
1) Optimize rents
2) Maximize Economic Occupancy
3) Minimize Delinquency
4) Manage costs
And remember,...
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What’s some information you would put in your welcome packets for new move ins? Looking to change ours up and want to touch all bases!
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Staff name, phone numbers to office, courtesy officer and emergency line. Where the drop box is located, gate codes etc(all of this in one that’s simple to read)
-move in form
-valet trash guidelines and parking guidelines
-coupons for businesses that are walking distance
Have you ever worked with a Know It ALL!! Working with a Know-It-All takes it's toll on the morale of the entire team! The rest of the team is left frustrated when they have to fix problems when a Know-It-All is so sure they are clever, that they will not ask or clarification or help. For the sake of the morale of your team, it is up to you to keep the peace & coach your Know-It-All! They will need some concrete examples, and ...
In my 15-year journey through the maintenance industry, spanning roles from technician to multi-site supervisor, I've encountered and conquered numerous challenges. Currently overseeing two properties just over 30 minutes apart, comprising a total of over 1000 units, I've navigated the intricacies of managing high turnover rates, particularly in properties built in the 80s or even older.The Costly Impact of TurnoverOne of the foremost challenges ...
So many of the challenges we face are minimized by planning ahead and taking action. Great article!
Time for a property management corporate rebrand, multifamily marketer? Perhaps the whole marketing team is in on the idea. It's been in the works, you've collected preliminary quotes, estimated a possible budget, but now: you need to get the rest of the team on board. Let's carefully talk through why and how to get them on board.You'll need to grab the people that matter, consider the competition, and present some proposals you've collected. But ...
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Multifamily News
- WINMAR CONSTRUCTION CASTS FOUNDATION FOR THE AVENUE CORAL GABLES PREMIER HOTEL & RESIDENCES
- Decron Sells Multifamily Community in Moorpark, CA for $133.2 Million
- Housing Trust Group & Elite Equity Development Break Ground on Phase 2 of Naranja Grand,...
- California Landmark Group Debuts 100-Unit Community Near Downtown Los Angeles
- The Allen Morris Company Closes on $83 Million Construction Loan for Bayside...
