Property Management News
You placed a “For Rent” sign on your property and posted ads on various rental web sites. Now interested prospects have started calling to set up a viewing. Are you ready to start the process of choosing your next tenant? In the past, landlords met with prospective tenants and just trusted their instincts to pick the right one. Those days have definitely ended and with good reason. There has recently been a rash of application fraud that includes falsifying credit reports, pay stubs, Social Security cards and more. In addition, litigious people are ready to take you to court if you are not in compliance with the Fair Housing Act. These days, not everyone is who they present themselves... Read more
A Beverly Glen con woman was sentenced to decades behind bars after stealing a $2 Million home from an elderly man — the latest in a string of jaw-dropping...
For independent landlords, ensuring timely rent payments is crucial to maintain financial stability. As property owners adapt to evolving tenant dynamics, many are...
“We lease well, but always seem to have vacancy we can’t get rid of.” So much of an apartment community’s operation hinges on attracting...
After a long day on the highways and byways of the United States, drivers of recreational vehicles need a rest – and they find it at RV parks. For decades, these...
Organized rings of fraudsters and other bad actors are using a range of sophisticated deceptive practices to obtain apartment leasing, according to a new survey of more than 400 property management professionals by RealPage. More than 50% reported seeing diverse types of fake identity, income fraud or approval errors and just 17% currently have a portfolio-wide fraud prevention initiative in place and yet 97% of respondents report that reducing renter fraud is a top priority. Just 22% have formal metrics for tracking rental fraud and its business impact and 73% say more than half of rental fraud is detected after residents move in. These instances are reducing income and increasing costs by... Read more
Highly educated young renters spent 20.1% of their income on rent in 2022, a new high. With home prices up an average of 46.3% since early 2020, fewer renters see...
51% of home buyers in 2022 found their home on the internet. The National Association of REALTORS (NAR) reports that 96% of all home buyers use search engines when...
For Philadelphia renters considering a move to a new upscale building, there are options for bargains all along Broad Street. From Tower Place Apartments, at Broad...
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for...
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