How much money are you (or your resident managers) leaving on the table each month that you didn’t even know you could have had? Many owners, flush with rental increases and full occupancy, have gotten…Keep Reading
Dan Lieberman
Dan Lieberman is an active real estate investor, renovator, speaker, and consultant. He is the author of three books, including his most recent: "The Effective Landlord." Dan is the president of Milestone Properties, a boutique firm specializing in apartment turnarounds…
How Sticky is Your Community?
Resident turnover is the one of the highest costs that a multifamily operation encounters. We know that least a third of that turnover can be prevented through actions management takes. Resident retention may be a…Keep Reading
How to Raise Rents without Losing Tenants
Keeping rents at or near market level is a critical part of maximizing the value of your rental property. Yet the topic of rent increases is one of the most sensitive and procrastinated tasks facing…Keep Reading
Categories: Property Management
How to Increase Your Cash Flow Without Raising the Rent
When times are good and your building is full, don’t you wish you could add an extra unit or two to the property? I know I do. But that’s usually impractical, if not impossible to…Keep Reading
Categories: Property Management
How to Determine Market Rent
In all my property dealings, I come from the premise that running rental property is a business. And by reading my columns, I assume it’s because you too are committed to running your rental property…Keep Reading
Categories: Property Management
Do You Make These Common Landlord Mistakes?
There are many pitfalls and challenges to managing rental property. One key to being a successful landlord is to learn from the mistakes of your colleagues. Below are several traps many of us have fallen…Keep Reading
Categories: Property Management
Marketing to your current residents through the way you do business
The most successful businesses today are able to keep their customers paying for their services year after year. This ability to keep customers, or residents in our case, separates the successful, happy owners from the…Keep Reading
Categories: Property Management
Reducing the Cost of Turnover
Apartment turnover costs are an inevitable part of the rental housing business. Turnover is very expensive. Controlled studies have shown that an apartment complex spends about three times the average monthly rent every time a…Keep Reading
Categories: Property Management
How to Identify Opportunities in Troubled Properties
Buildings age and neighborhoods change. For most income-producing real estate, this is a gradual process. Over time, systems wear out, buildings are not kept up, newer buildings siphon off the best tenants, and financial performance…Keep Reading
Categories: Property Management
Stop Evicting and Start Collecting
No one wins in an eviction action. The tenant gets a black mark on his record and in most cases, the owner gets a worthless judgement and a couple months lost rent to the freeloading…Keep Reading
Categories: Property Management