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Posts Categorized: Property Management

How to Start the New Year Off Right in Multifamily Investment

Property Management

Terry Kass Owner | Designated Broker, GPCI Multifamily & Land Development   Now that the New Year has begun, you’re probably wondering what kind of year 2019 will turn out to be. Well, here is what the multifamily industry professionals are saying: “Strong rent growth, favorable yield, and robust inbound migration should keep the buyers… Read more

Beyond The Deal: Working with a Client’s Property Management Company

Property Management

Terry Kass Owner | Designated Broker, GPCI Multifamily & Land Development   If there’s one crucial lesson you should learn early as a broker in multifamily brokerage, it’s the importance of maintaining a good, close relationship with clients and with property management companies even after a deal is done. Suffice to say that a transaction… Read more

Top 3 Trends in Single-Family Home Property Management

Property Management

Steve Schultz President, National Association of Residential Property Managers     On my path to becoming the 2017 President of the National Association of Residential Property Managers (NARPM®), I have had the unique opportunity to see first-hand developing property management trends from across the country. Over the last several years, I noticed some common patterns… Read more

Rental Payments Improve Credit Scores – Property Managers Can Make A Difference

Property Management

Debra Hill-Fox Educator, Arizona School of Real Estate & Business   Successful property managers are always looking for new ways to increase property revenues, set the appropriate screening standards, incentivize on-time rental payments, reduce turnover and retain the best tenants. Providing tenants with a rent payment reporting opportunity can be an answer to achieving these goals… Read more

Arizona Multihousing Legislative Progress

Market Update, Property Management

Tom Simplot President & CEO, Arizona Multihousing Association   Fifty years ago, the Arizona Multihousing Association (AMA) was formed after a group of apartment operators joined together to promote and advocate for a fair and competitive housing market. Today, the mission of the AMA remains the same in protecting the interests of ethical rental housing providers… Read more

Wanted Property Managers

Property Management

Debra Hill-Fox Sales Manager, NPM Staffing, Inc.   The increase in rental properties in Maricopa County in recent years has created a high demand for property management – especially for residential leasing and rentals. With new construction happening all over our state an experienced property manager becomes an essential part of the investment equation. The knowledge… Read more

Multifamily: Responding to Demand

Industry News, Market Update, Property Management

John Kobierowski Senior Managing Partner, ABI Multifamily   Thomas M. Brophy Director of Research, ABI Multifamily     As of the end of 2015, the Phoenix metro multifamily market surpassed $3.8 billion in total sales volume. This is up 34 percent Y-O-Y and almost 265 percent from 2010 sales volume reaching a total of just over $1… Read more

Rentals Hold Steady

Property Management

Written by Debra Hill-Fox   The home rental arena has seen a consistent incline for the past several years. Average rental prices and vacancy rates have become the hot topics as industry reports continue to point out that renting is the popular housing choice in Phoenix metro, especially for the millennials. It has become normal… Read more

Owner’s Liability for Tenant Improvements in Commerical Leasing

Property Management

By Renee Gerstman   Most commercial leases allow for tenant improvements. Some leases provide for complete owner control of the process, including, design, construction and payment for the improvements. Other leases place the burden of construction entirely on the tenant with no control by the owner. However, most contract provisions fall between these two opposing… Read more

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