If there’s one type of document in property management that simply has to reviewed (and updated) on a regular basis, it’s your lease agreements. This  is, after all, the document that will ultimately determine your rights and protect...
Do you think your day was stressful? Let’s stop for a moment to consider those extreme situations some property managers find themselves in. It’s often hard to personalize truly disastrous situations but when you think about it, there were...
Most landlords will agree that a vacant unit ranks right up there as one of their least favorite things. The bottom line is simple: A vacant unit is money down the drain. There are, of course, times of...
Juggling and staying on top of the frequently changing federal, state, and local laws that apply to rental housing is one of the trickiest tasks you’ll have to master as a property manager. At the top of the...
In previous blog posts we’ve discussed the pros and cons of renting to specific sectors, such as that requires specific consideration is tenants with children. First of all, be aware that in most states refusing to rent to...
It goes without saying that no landlord wants to see illegal activity occur on their premises. Unfortunately, this doesn’t mean that it never happens. No matter how mundane a tenant’s behavior may seem, as a landlord, it is...
As we’ve stressed several times throughout the course of this blog, here at Buildium we’re huge proponents of tenant screening. While some situations can’t be avoided and there’s always an exception to every rule, tenant screening is certainly...
No matter how meticulously you look after your property, there are certain long-term maintenance items and repairs that are inevitable. Sure, by staying on top of things you may be able to stave some of them off for a...
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?
