Tenant move-outs can be incredibly stressful: If vacating tenants leave the unit a mess, you run the risk of having the unit sit vacant while tending to maintenance and repairs. Not only can this be expensive, but it...
There are so many ways to show your residents that you appreciate them, from building-wide trick-or-treating to Super Bowl parties, every thing you do for your residents helps ensure they’ll stay another year (or longer). At lease renewal...
The Dalai Lama once famously said, “Know the rules well, so you can break them effectively.” Which, to be honest, is probably the way most of us would love to live our lives. Except, managing a multifamily building...
For the majority of people, the idea of keeping a tarantula as a pet is probably very unsettling. Personally, a fluffy Golden Retriever is perfectly fine, thank you very much. But there are those among us who just love...
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...
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,...
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...
These days, a lot of people are working from home, thanks to a wealth of technology that allows them to stay home with the kids and get work done. For some people, this simply means setting up 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...
