Water is a hot commodity.
In New York City, the cost for 100 cubic feet of water is $10.33.
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One in five toilets has a leak!
While that number may surprise you, the fact of the matter is that new leaks are constantly occurring—and your tenants won’t always know that they are.
Being a landlord is tough. You’re the individual responsible for your tenants’ comfort, safety, and welfare. At least as far as the housing goes.
Bursting pipes. Drafty fireplaces. Toilet leaks.
Apartments don't stay in like-new condition forever.
It’s happened.
Millennials have surpassed every other age group as the largest generational demographic in the workforce.
Everyone is looking for the next best thing. Whether it's the newest cell phone on the market or upcoming trends in fashion. People want to stay up with the times.
Being a property manager isn't always easy.
Oftentimes you're extinguishing one fire after the next: The tenant in 409B is complaining about excessive noise violations (again).
Managing a high rise building involves many moving parts. Perhaps, the most important of them all? Keeping operating expenses low.
Historically speaking, tenants dislike property managers and property managers dislike tenants. Visit any rental forum online and you'll find no shortage of tenants complaining about management.
