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How a Month-to-Month Lease Agreement Works in Norfolk, VA

Osprey Property Management

Originally published September 2021. Rental property owners in Norfolk, VA, know it's important to understand how month-to-month lease agreements work. Unlike a long-term lease, a month-to-month agreement is automatically renewed unless either the tenant or landlord provides notice of non-renewal. Updated October 1, 2024.

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Multifamily Market Sees Strongest Demand Since 2021 Lowering National Vacancy Rate

American Apartment Owners Association

Multifamily demand expanded at the highest rate since 2021 during the third quarter of this year, with 176,000 units absorbed in an indication of a strong net change in occupancy. Source: CoStar The post Multifamily Market Sees Strongest Demand Since 2021 Lowering National Vacancy Rate appeared first on AAOA.

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Five Ways to Boost Employee Retention in Property Management

Appfolio

It’s one of the property management industry’s most pressing pain points. . While the average turnover rate across all industries stands at 22% , the property management industry has a turnover rate of 32.7%. . I think it does allow your property manager to say, ‘I’m willing to fight another day.’”. Employee retention.

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Resident-Centered Housing Practices Gain Momentum

American Apartment Owners Association

In late 2021, the company pioneered this work through a partnership with Esusu. Industry leaders report that these programs deliver more stable properties with less turnover and economic benefits for both tenants and operators. ” Need a Lease Agreement? . ” Need a Lease Agreement?

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Short-Term Rental or Long-Term Rental: What’s the Best Fit?

Real Property Management Chicago

Pros and Cons of a Short-Term Rental A short-term rental involves a lease agreement of six months or fewer. For renters needing flexibility, a short-term lease might be perfect. Yet, short-term leases have a few drawbacks. With frequent renewals, landlords can raise rent and update policies or lease terms more often.

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The Appetite is Growing for Medical Net Lease Properties

Colliers

In 2021, single-tenant net lease (STNL) saw a record volume of $100 billion in completed deals, and in Q3 of last year, cap rates compressed to 5.95%. The STNL space continued this strong performance in the first half of 2022, hitting an all-time high of $40.1 billion in investment sales, according to the latest findings […]

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Just Rented for the Week of December 13, 2021

Foundation Homes Property Management

The Team at Foundation Homes Property Management just LEASED two incredible new properties! 9 Sunnyhill Rd 4 Bd 3.5 Ba $5100 1239 Waterview 3 Bd 2.5 Ba $7900 We greatly appreciate our clients for trusting our business!

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