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Inflation affects every industry, and property management is not an exception. As the cost of living escalates in an inflationary environment, landlords often find themselves in a position to raise the rent they charge residents. This adjustment is a natural response to offset the rising costs and can lead to an increase in revenue for…
Category Archives: Property Management
Jun
10
2023
The rise of pet ownership in apartments has brought about a unique set of challenges for property managers. With an estimated 66% of U.S. households owning a pet as of 2023, according to Forbes, the need to accommodate pet owners has never been greater. However, managing pet-related issues such as noise, damage, and allergies can…
May
24
2023
Embarking on a renovation project can be an exciting yet challenging endeavor. While the end result promises to breathe new life into your space, unexpected costs can quickly derail your budget and timeline. However, with careful planning, thorough research, and prudent decision-making, it is possible to minimize the risk of unforeseen expenses and ensure a…
May
24
2023
As a property owner or manager, it is crucial to have a comprehensive understanding of your property's performance to ensure its efficient and effective operation. By utilizing metrics and key performance indicators (KPIs), you can accurately measure and improve various aspects of your property's performance. In this article, we will delve into some of the…