Bad debt and delinquency are two stages of the same unpaid dollar. Delinquency is rent that’s past due and still collectible, while bad debt is the share an owner stops expecting to collect and writes off
Utility billing and RUBS let apartment owners pass water, sewer and trash costs to residents by formula when units share a master meter. Recovery holds up when the lease explains the method
The property tax line item: what owners can and cannot control splits into two short lists. Owners can influence the appraised value, the exemptions they claim and how the expense is budgeted and deducted
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,
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 is the current month, not last quarter. That means unit-level occupancy, NOI measured against budget with variances explained, delinquency aging by resident,
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.
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.
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.
