Multifamily Blogs

A cost many landlords don’t take into account is their loss on lease or vacancy.  Think of the effect on your net income.  The loss of one month revenue can equate to over 8.0% of the annual rent.  What can you do to lease your propert...
“What do you mean I can’t just post an ad on Craigslist and lease my entire building?” In this day and age, I never expect to hear that, but to my surprise, I still hear those words from developers and managers. The problem is, long gone are those da...
Just a week ago, we journeyed to the land of big hair, BBQ and cowboys to attend the National Apartment Association’s Assembly of Delegates meeting in Fort Worth, TX. If you aren’t familiar with the NAA Assembly of Delegates meeting, it is essentiall...
How is a property affected by late rent? Unpaid rent obviously affects a property’s financial performance. It’s lost or at least delayed revenue. Expense related to unpaid rent are filing fees, court costs and attorneys.  The impact on the prop...
Resident retention in the real estate industry is a critical part to an investor’s success.  Several factors go into the cost of acquiring residents, marketing, and make ready costs. There is also lost revenue from vacant units, making it a key...

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