One of the most difficult and time consuming aspects of owning and managing an investment property is the act of trying to fill vacancies with qualified renters.  For every day that a units sits vacant, it is money out of the owner’s pocket.  This certainly creates a sense of urgency, however not ANY applicant can […]

I recently read a blog on Property Management Daily entitled “6 Property Management Companies Using the iPhone QR Code Feature” and it set my mind motion with a host of questions:  Is the QR code technology going to be quickly surpassed with the next great reality integration marketing fad (going to way of the junk […]

The recent reports of the decline in national homeownership have sparked much debate and buzz in the property management and multifamily industry. Has the up-and-coming generation forever shied away from homeownership and placed its faith in “permanently renting”? Or is the current adversity to home buying simply another phase of the current real estate cycle? […]

Los Angeles, Ca

The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years to come, industry experts predicted on Tuesday.

An apartment building of 10+ units will generally benefit from having an on site laundry facility. Residents enjoy the convenience of doing laundry in their own buildings and owners enjoy the extra revenue. The downside, of course, is the repair cost, which can add up once the machines fall out of warranty. Service technicians for a washer or dryer can be in excess of $200+ per incident, never mind the lost revenue if a machine is out-of-order and waiting for new parts.

1. Exterior Power Wash This is by far the most cost effective way to give your apartment complex that freshly painted look and quick curbside appeal. Here is a link to a plastering company that we use locally to do our power washes: A&D Plastering.  The process is generally a 1-day deal for about an 1/8th of the cost of paint […]