So, you have a vacancy you need to fill. That means you need to get right back to the drawing board. How do you pick your residents? Why do you pick the ones that you do? Once the interested parties come in and see the place, they may decide to take that final step and
In most situations, the people who live in your building or complex are the ones who are paying you to be there. These people may pay their rent, have signed a legally binding document with you, etc. Occasionally, groups of people or individuals can take up residence within your property. In these situations, they aren’t
When you look for a renter, you look for the best renter. You cross your T’s, you dot your I’s, and you use the screening service that works for your unique wants and needs. This lands you the applicant that you think would be fantastic, and that means you want them to stick around! Now
Renter and property manager relationships can be difficult to navigate, even at the best of times. With a pandemic forcing hardships onto many industries, neither renters, nor rental property owners are immune to the current economic conditions. At the end of the day, you have to ensure that your properties are remaining profitable, or at
The entire country is currently very sick of commercials with sad face emojis and pouting voices all themed around saying “during these unprecedented times.” It’s all well and good to have a support system but if one more advertisement promises that now is a great time to buy a car because this one brand understands
As any savvy property manager knows, a good credit score is indicative of so many things. When reviewing prospective tenants, this is one of many factors you should consider before preparing the rental contract. While parts of the CARES Act are supposed to make sure that missed payments caused by COVID don’t dramatically impact a
It’s easy to say that we’re faced with a brave new world. That’s not to say it’s for better or worse, but the technological advances certainly have made dealing with the changes a whole lot easier than it could be. Cell phones mean you can contact people no matter where they are, web cams mean
Running a business is not easy normally, but with a declining economy, hiring can be extra challenging. If you’re scratching your head over how you’ll get things done on a tight budget (especially in the multifamily housing industry), take a look at hiring freelancers for your short-term projects. Why Hire a Freelancer? While plenty of
Reputation can be everything these days. From trending This Person is Over Parties on Twitter, people getting “cancelled,” to “getting out the receipts” for past bad behavior, it all shows that you need a good rep to keep your business going. It’s not all bad news, however, because your applicants need a good reputation, too.
In America, the multifamily housing industry is at crossroads when it comes to evictions. While some states have begun to reopen with the promise that the courts will start hearing eviction cases later this month, others are considering extending eviction moratoriums due to rising COVID numbers. Regardless of when the courts open back up, the