Remove 2021 Remove Lease Remove Property Manager
article thumbnail

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%. . So what can be leaders and managers do to improve retention? Employee retention. Identify what motivates.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

Apartment 164
article thumbnail

Resident-Centered Housing Practices Gain Momentum

American Apartment Owners Association

In late 2021, the company pioneered this work through a partnership with Esusu. “Clearly there has been a need for a comprehensive focus on renters’ needs that goes beyond setting reasonable rents and typical property management activities,” Aber said. ” Need a Lease Agreement?

Lease 174
article thumbnail

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.

Lease 130
article thumbnail

Budget Season: A Strategic Opportunity for Multifamily Rental Growth

American Apartment Owners Association

Rent growthis decelerating from the double-digit increases seen in 2021 year-over-year rent growth currently stands at -0.8 When you couple that with economic uncertainties like rising interest rates, potential recession fears, and geopolitical tensions, the pressure to deliver strong returns while managing costs is at an all-time high.

Lease 132
article thumbnail

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!

Rent 52