I’ve always said that being an on-site property manager is often a tough and thankless job. A report from the National Apartment Association, who surveyed 1,000 multifamily professionals across the country, revealed that the number one challenge for these professionals is aggressive and abusive tenants. Mental health and the challenge of ‘turning work off’ after hours was number two. Maintaining proper staffing levels, managing the workload and working with residents facing eviction rounded out the top five. The conclusions from the report are interesting, particularly for those managing an onsite staff at a multifamily property.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.