COVID-19 pandemic conditions and social distancing recommendations make real estate showings challenging. How are you supposed to show a property to a would-be renter or buyer without physically meeting them? Moreover, if you’re looking for a new home, how can you expect to shop around without interacting with multiple property managers or real estate agents? The answers to these questions…
The COVID-19 pandemic has negatively affected virtually every financial industry, including the multifamily real estate industry. To minimize these impacts and ensure that your multifamily real estate business can survive the pandemic, it’s important to understand and prepare for the future of multifamily real estate after COVID-19. In this article, we’ll highlight the most relevant COVID-related trends in multifamily and…
The COVID-19 pandemic has resulted in a worldwide effort to stay and work at home, socially distance from others when outside, and avoid contact with communal surfaces. At the same time, the smart home technology market is overflowing with innovative and exciting new gadgets. With the new realities of homebound life, many are turning to smart home technology to make…
Running a rental business is difficult, but rewarding. COVID-19 is certainly one of those difficulties, so much so that issues outside the pandemic might be ignored or shrugged off as insignificant in comparison. These factors aside from a pandemic could disrupt your business in the future and that there are steps you should take preemptively to protect your interests. There’s…
There’s no question that people’s values change over time, and as a consequence, the things they value in their rentals change as well. For today’s rental properties, it’s not enough to be clean, well-photographed and well-reviewed. You must also find a way to differentiate your property so that renters know that it provides an experience and sense of escapism that…
The entire country is taking a timeout from real life to follow the hunkering-down, stay-at-home orders, as the government tries to limit the spread of Coronavirus. As a result, traditional spring break vacations have been postponed or canceled. But once this pandemic has passed, many people will be eager to celebrate with a vacation. That means that real property investors…
When we think of air pollution, we imagine hazards such as a coal-burning factory emitting thick, black smoke, an old jalopy with too much engine exhaust, or a layer of cough-inducing smog hanging over a city skyline. We don’t think about the air quality in our homes and offices. Nevertheless, the condition of the air inside the buildings where we…
Property owners know how red-hot the housing market was in this country in 2019 and even into the first few months of 2020. But then came the COVID-19 outbreak, causing disruption in the economy, closed businesses and soaring unemployment. It is no surprise that the coronavirus called COVID-19 is impacting the housing market. Few sellers are listing homes, and…
Multifamily buildings have a lot of locked doors. There’s a door to enter the building, doors to the apartments and many more in between. There’s a door for the exercise room, the laundry room, the storage room, the community patio level, the pool, and more. And there are a variety of people who need access to some or all of…
Property managers have the monumental challenge of caring for hundreds or even thousands of properties, some occupied and some not. Vacant properties are especially challenging for the very reason that nobody is around to raise a flag when problems arise. And one of the worst things that can happen in a vacant property is a water leak since it can…
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