Ivan Kaufman real estate blog

Crucial Considerations for Today’s Apartment Owners

From global institutional investors to the couple looking for income during retirement, it seems like everyone is trying to get a piece of the U.S. multifamily market these days. Dive into the demographic and economic factors pushing apartment fundamentals upwards, and it’s easy to see why.

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As a recent post on ALEX Chatter points out, one of the most important decisions an apartment owner can make is whether to run a self-managed asset or bring in professional help:

“No one has better incentive to take care of a property than its owner. That being said, there is a good chance that the eyesore of an apartment community you pass on your daily commute — you know, the one with the abandoned Buick in the parking lot — is not being run by a professional management company. If you don’t have the time, dedication and experience needed to provide a hospitable living environment, you should probably hire a reputable firm.”

The post goes on to examine five crucial considerations that property managers should address to optimize performance and best meet the demands of today’s renter.

Whether developing a plan to deal with resident packages or instituting a pet policy, these property management decisions will set the tone for daily life at your property. Though these policies seem minor on the surface, they combine to exert a significant influence on your overall return.

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