Property Management 2.0

Tweet We are pleased to announce First Light Property Management Inc.’s inclusion in a recent article for the Lowes Commercial Services website, www.LowesForPros.com.  Trevor Henson, Partner and COO, was interviewed by writer, Kelly Haglar, as an expert source into the … Continue reading →

Tweet The American Apartment Owners Association posted an article on their blog that brings up a very relevant point in regards to leasing policies: bad policies can lead to bad tenants.  We, as landlords, must set the standard from the … Continue reading →

Tweet This past year was very strong for the apartment industry here in California as well as for most other parts of the U.S.   Our company’s portfolio of apartments, HOA’s and single-family-homes saw an increase in average rent; increase in … Continue reading →

The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years to come, industry experts predicted on Tuesday.
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For those of us looking to place money in the money in the multifamily market, rest assured that we have not missed the boat. In GlobeSt.com yesterday, there is a nice, QUICK, break down of the state of the apartment market in Los Angeles.
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An apartment building of 10+ units will generally benefit from having an on site laundry facility. Residents enjoy the convenience of doing laundry in their own buildings and owners enjoy the extra revenue. The downside, of course, is the repair cost, which can add up once the machines fall out of warranty. Service technicians for a washer or dryer can be in excess of $200+ per incident, never mind the lost revenue if a machine is out-of-order and waiting for new parts.
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