Michael Zaransky’s Blog
Regarding the Relationship Between Multifamily Properties and Parking: It’s Complicated
One of the greatest challenges among multifamily property owners is accommodating the parking needs of residents and guests. This issue is especially problematic in densely populated urban areas where there may be insufficient parking ratios for the number of units in a property. Despite the [...]
Going to the Dogs: How to Make Your Multifamily Property Appealing to Canine Owners
No Pets Allowed? Sorry, that’s often not an option anymore. In fact, it has flipped, to the point that those owning multifamily properties are going out of their way to curry favor with those owning furry friends. It’s easy to see why. While in 1988 [...]
Sweetening the Pot: Why it Pays to Incentivize Tenants
Leasing incentives work, but they have to be the right ones in the right place at the right time. What works with Millennials doesn’t necessarily work with Baby Boomers. What works in San Jose doesn’t necessarily work in Schenectady. Most fascinatingly of all, financial incentives [...]
How to Find a Good Contractor
The conversation took place in a Reddit.com chatroom, one of those lonely Internet outposts where frank talk is welcome. And a newcomer to property management raised this seemingly benign question for the good of the order: Any tips? It was as if alarm bells sounded, [...]
Advice for a Fledgling Multifamily Investor
If you are investing in a multifamily property for the first time it is very likely that you are feeling both excited and a bit apprehensive. That being the case, it is essential to go in with eyes wide open, conscious of the common pitfalls [...]
Escaping the Parent Trap: Are Millennials Leaving Home For Good?
Millennials have long gotten a bad rap as slackers who graduate college and move back into their parents' homes indefinitely. While this may be a reality to some degree, the causes for it may also be somewhat misleading. In truth, more millennials are getting bachelor's [...]