Did you know that one unhappy tenant could cost you as much as $3,225? When you consider the cost of a new coat of paint ($600), new locks ($100), and advertising vacancies ($225), the price of a turnover...
Gone are the days when terrazzo, marble, and stone nudged out wood floors as a favorite choice to make an apartment building lobby and hallways look chic. Plank by plank, wood flooring has become the go-to preference for...
Michelle and her husband Tony were about to be the proud owners of a beautiful three-bedroom home in Great Falls, Montana. As first-time homeowners, they were overjoyed to be spending the holidays in a house they could finally...
It started as a normal day for home health care provider Lynn Brome: she was performing her general housekeeping and cooking duties for a resident at the Blackhawk Apartments in Elgin, Illinois. She went to take the trash...
One of the toughest decisions a building owner or property manager faces annually—as yearly leases come due—is whether or not to increase rent for new and existing tenants. If, after careful thought and analysis, the answer is yes,...
“A well-regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.” –2nd Amendment, United States Constitution Though controversial, the language in the Constitution...
Once a working-class haven, Brooklyn has become one of New York City’s hottest neighborhoods. Areas like Williamsburg, Flatbush and Dumbo have seen a rapid influx of people seeking refuge from Manhattan’s exorbitant cost of living. It started with...
The Super Bowl 50 kickoff is scheduled for promptly 6:30 pm (ET) on February 7th. While football fans from around the country will be gathering at or hosting Super Bowl parties, it’s a perfect opportunity to build camaraderie...
Have you noticed that your customers’ expectations have been on the rise over the last few years? As increased costs have forced many small businesses to raise their prices, customers’ expectations have surged as well—including for association management...
Despite shifting market conditions, the property management industry continues to grow at a stellar rate. According to Buildium’s 2024 Property Management Industry Report, 85% of the management companies we surveyed experienced portfolio growth within the last two years....
When you think of a rent roll and rent roll analysis, you probably think of investment opportunities. But a rent roll isn’t for investors only. Property managers—particularly those looking to grow—can use a rent roll to keep track...
In our 2024 Industry Report, a record 82% of property management companies that we surveyed reported portfolio growth over the past two years. That’s an impressive stat, but it may just be a preview of what’s to come....
 Every year, Buildium asks thousands of property management professionals how much their companies have grown over the past year, and how much they plan to grow in the year to come. This year, 89% of third-party property management...
According to Buildium’s 2024 Property Management Industry Report, 95% of rental owners are comfortable doing business with property managers online, marking a 15 percentage point increase from 2023. This familiarity is creating new expectations for property managers to...
Being prepared for unforeseen events is key to easing financial (and mental) burdens in the property management business. But with so many options for insurance, where do you start?
