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 Everyone talks about the numbers in this business—cap rates, NNN structures, absorption rates, comps. And yes, you need to know all of that cold.But after 20+ years in this industry and nearly a billion dollars in assets marketed, I can tell you the deals that closed cleanly, and the relationships that lasted beyond one transaction, almost always came down to one thing that never shows up on a spreadsheet:Empathy.Empathy in CRE isn't a soft ...

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Quick question for property managers:

Utilities?
Electricity?
Deposits?
“Who do I call?”

I’ve been noticing something interesting around move-in friction lately and curious what everyone else is seeing.


 

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Guest Insider
Isaias Villafranco "Definitely Rent Deposits. While electric is a one-time setup, rent deposits stay on the Balance Sheet for the whole lease. Tenants are naturally more protective of that 'big chunk' of money until move-out!"
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Guest Insider Thank you so much for that insight! I can definitely see how that worries residents; on the flip side-how does that affect property management and front desk? Does property management receive most of the backlash ?
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Guest Insider "Great question, Isaias! Yes, the front desk definitely takes the heat because they are the 'face' of the financial transaction. If the bookkeeper hasn't provided a clear, real-time ledger or a transparent move-in/move-out statement, the front desk can't answer the resident's questions confidently. Friction happens when the 'Books' don't match the 'Conversation'!"
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David shared a photo. 1 year ago

CPTED Tip #1: Light Up the Perimeter
Poor lighting invites unwanted behavior. Ensure entrances, walkways, and parking areas have consistent, white-toned lighting with no dark gaps.
▶ Want a lighting audit checklist? [email protected]
#CPTED #MultifamilySafety #PropertyManagement

CPTED Tip #1: Light Up the PerimeterPoor lighting invites unwanted behavior. Ensure entrances, walkways, and parking areas have consistent, white-toned lighting with no dark gaps.▶ Want a lighting audit checklist? david@cptedsolved.com#CPTED #MultifamilySafety #PropertyManagement
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