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1 February 2025 | 3 replies
Here are some trends that could play out, or further develop in 2025.Leasing & Tenant Experience AI-Powered Leasing: Chatbots and AI tools will streamline leasing processes, from answering tenant inquiries to scheduling tours.Virtual Tours & Digital Leasing: These will become even more standard, making it easier for tenants to rent remotely.TechnologySmart Property Management: IoT devices (smart locks, thermostats, etc.) will become more common, improving efficiency and tenant satisfaction.Property Management Software: Platforms will integrate more AI for predictive maintenance, rent collection, and financial reporting.SustainabilityGreen building practices and energy-efficient upgrades will be a major focus, driven by tenant demand and potential incentives.AI & AutomationAI will play a bigger role in tenant screening, rent pricing optimization, and even predicting market trends.Automation will handle repetitive tasks like maintenance requests and lease renewals, freeing up PMs for higher-level activities.I'm sure there are plenty more shifting trends that I haven't mentioned and that are sure to evolve over the next year.
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6 February 2025 | 13 replies
Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.
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3 February 2025 | 25 replies
If I secure renters and show a lease agreement and deposit can I get into lower interest rate mortgage?
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30 January 2025 | 13 replies
I will not renew there lease, and I need to be better about enforcing the rules.
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3 February 2025 | 8 replies
sign a master lease with a struggling office landlord, have revenue splits.This seems like your only path forward
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30 January 2025 | 21 replies
Esprit: Please tell me I’m right for not wanting to renew the lease.
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29 January 2025 | 4 replies
It's not uncommon, and actually normal, for the operating entity to lease from the LLC that owns the building.
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3 February 2025 | 3 replies
If you have to return fees, that is an easy segue: the unit has been leased to an earlier applicant, here is your fee back.
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7 February 2025 | 2 replies
All of our leases are being renewed and renegotiated within the next 8 months.
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3 January 2025 | 4 replies
And if you want to release her from the lease I’d just do it.