What Happens to Your Onsite Team During a Management Transition
What happens to your onsite team during a management transition depends on who employs them. At most communities the staff work for the management company,
Owner Insights
Termination Clauses in a Management Agreement: What Owners Should Negotiate
Termination clauses in a management agreement decide how fast an owner can change managers and what the change costs.
What Live Owner Reporting Should Actually Show You
What live owner reporting should actually show you is the current month, not last quarter. That means unit-level occupancy, NOI measured against budget with variances explained, delinquency aging by resident,
How Much Is a Slow Make-Ready Turn Really Costing You?
The real cost of a slow make-ready turn is mostly vacancy loss. Every day a unit sits empty, you lose roughly 1/30th of a month’s rent, plus cleaning, repairs, and marketing.
10 Questions to Ask Before Hiring a Multifamily Management Company
The most important questions to ask before hiring a multifamily management company cover fee structure, tenant screening, occupancy and turnover, maintenance, owner reporting, licensing, and communication.
How Much Does Third-Party Apartment Management Cost in Texas?
Third-party apartment management cost in Texas typically runs 3% to 5% of collected income for full apartment communities and 8% to 12% of monthly rent for smaller rentals. Community size, service scope, and asset class set the rate.