Management & Maintenance

This department of Rental Housing Journal is your source for property management and maintenance information. Whether you're an independent landlord, portfolio manager, on-site community manager, leasing agent or apartment maintenance professional, the site is dedicated to bringing tips, best practices and information to help make your job easier and keep you up to date and educated.

property management apartment maintenance
Thu
17
Nov
The Editors's picture

Four Questions to Consider When Deciding to Buy or Rent Tools

Four Questions to Consider When Deciding to Buy or Rent Tools

Four Questions to Consider When Deciding to Buy or Rent Tools

By Tony English, Senior Tool Rental Merchant, The Home Depot

Maintenance expenses are one of the largest controllable elements for a property manager’s operating budget, and you have to factor in both labor and equipment. One of the most important considerations for managing equipment costs is deciding whether to buy or rent necessary tools. 

In addition to the upfront vs. rental costs of the products, there are a lot of factors to consider when deciding to rent or buy. Equipment may be required on a seasonal or ongoing basis and used for small- or large-scale projects. Ask the following questions to help determine what’s best for you and your maintenance staff.

How frequently will we use it?

Tue
08
Nov
The Editors's picture

How Much Do Property Managers Charge And How?

property management fees charged as a percent of rent

Property managers across the country in a recent survey were asked, “How do you charge in property management fees? As a percentage of rent or as a flat fee?”

The survey was done earlier this year in June.

“This is the first time the question has ever been asked at NARPM, normally we do not address the fee question,” said Gail Phillips, executive director of the National Association of Residential Property Managers who participated in the survey with Buildium.com.

The majority charge as a percentage of rent. And in the survey 82 percent said they charge as a percent of rent each month. Another 13 percent charge a flat fee each month. Then, another seven percent do not charge at all. The no charge for property management could be  because they may be handling their own property and thus their own property management or they could be in a Home Owners Association (HOA).

Mon
31
Oct
John Triplett's picture

What Is The No.1 Challenge Faced By Property Managers?

property managers survey

6 Findings About Property Managers In New Study

Property managers face many challenges from growing their portfolio, to keeping their business profitable and many more.

This new survey from sheds some light on some specific problems and what property managers have to say.

And by the way, 95% of them love their jobs as property managers.

By John Triplett

Rental Housing Journal

A new survey of property managers shows six major findings in the research from 1,500 property managers around the country.

The survey was done from June 6, 2016 to July 7, 2016 by Buildium.com and the National Association of Property Managers, with property managers across the country responding to the survey called the State of the Property Management Industry.

Tue
18
Oct
The Editors's picture

Renters Reach Out To Five Or More Landlords In Search For New Place

51% of renters look for multifamily

Eight out of 10 renters use online resources in their search, and most reach out to at least five landlords or property managers in the process of searching for their new place, according to a new report on home buying and renting from Zillow.

The typical renter contacts five property managers or landlords, takes three home tours and submits three applications for a rental.

Nearly half of all renters consider living in a single-family home, but less than one-third actually do, a factor that may contribute to renters’ interest in homeownership, the report says.

While single-family homes are considered by about half, fewer than three in 10 end up in this type of home. More than half of all tenants live in multiunit dwellings with fewer than 50 residences, a housing category which includes smaller apartment buildings, townhouses, condominiums or a unit within a duplex/triplex property.

Fri
07
Oct
The Editors's picture

Dear Maintenance Men: Do's, Dont's, Droughts and Doors

Dear Maintenance Men: Do's, Dont's, Droughts and Doors

Dear Maintenance Men: Do's, Dont's, Droughts and Doors

Dear Maintenance Men:

When is the best time to do an annual roof inspection? Can you give me some pointers as what to look for when I inspect the roof? 

Tom

Dear Tom:

Fri
07
Oct
The Editors's picture

ADA Compliance Tips In Fewer Than A Thousand Words

ADA Compliance Tips In Fewer Than A Thousand Words

By Paul A. Henderson, Esq. | Law Offices of Scott M. Clark, P.C. 

With the plethora of lawsuits being filed over alleged non-compliance with the Americans with Disabilities Act ("ADA") by a drive-by plaintiff, and our own Christopher Walker having his pithy correspondence to the attorney filing those lawsuits being included as an exhibit to the Attorney General's Office's efforts to intervene in those lawsuits, the ADA is a hot-button topic right now.

 Compliance with the ADA is no trivial matter, and thousands of pages can be devoted to describing the minute detail involved in construction, compliance, and litigation over the ADA.  Despite the ADA being a weighty topic, there are some brief points to address that should avoid some of the most common pitfalls facing owners and operators of residential rental properties.

Parking Spaces

Fri
07
Oct
The Editors's picture

Preparing Your Furnace For Winter

Preparing Your Furnace For Winter

Preparing Your Furnace For Winter

The weather is getting colder and colder out there. It’s time to break out the warmer jackets and turn on the heat. But before you turn on your heater, winterizing your investment properties (especially the HVAC system) should be at the top of your to-do list. Your tenants will rely on the heater throughout the cold months of winter, so it’s important to prepare the system for the upcoming winter days. Here are some helpful tips on how to get it ready.

Tip #1: Clean and replace filters.

Fri
07
Oct
The Editors's picture

Rent Checks

Rent Checks

Rent Checks

To Have and to Hold, For Better Or Worse Is Challenge Facing Landlords

Landlord and tenant lease relationships are sometimes like marriages: most are good, but some turn out bad.

Oftentimes a landlord has a situation where a tenant delivers a rent check, but it is not enough to cover all current charges.  Does the landlord cash, return or hold it pending court action?

If the landlord takes the check with the improper amount, issues a rent receipt and cashes the check, that amount is all the landlord may receive for that rental period.  A.R.S. Sec 33-1371 precludes a landlord from pursuing the tenant for the remaining balance unless there is a non-waiver partial payment agreement.

The other options are holding the check or returning it.

Tue
04
Oct
John Triplett's picture

5 Key Research Findings About Tenants And Rentals

5 key research findings about tenants and rentals

And 6 Things Tenants Would Pay More For

As property managers and owners you want to know what keeps tenants happy.

And what keeps them around and also what can set you apart from the competition.

This report will help you in your rental housing business.

By John Triplett

Rental Housing Journal

A new survey designed to help property managers and owners gain insight into what tenants care about the most in their apartments shows insight on:

Fri
16
Sep
The Editors's picture

Dupre & Scott Video Report: Waiting for the Interurban

Waiting for the Interurban

Dupre & Scott Video Report: Waiting for the Interurban

In last week's video we talked about all the new apartment units developers are planning to open over the next few years in the Puget Sound region. We presented preliminary results from our fall research. But it added up to a lot of new units, and we expect thozse numbers to help pretty well when we finalize our development forecast at the end of the month. So, given all that new supply likely to hit the market, it seems appropriate to look at some demand trends, which we'll do in today's video. And in a few weeks we will update our forecast to find out if supply and demand are likely to be in balance.

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