OperationsResident Retention Strategies That Actually Reduce Turnover
Every move-out costs you rent, repairs and marketing. Here's how renewal timing, fast maintenance and honest communication keep good residents in their homes.
· 10 min
Insights
Multifamily property management articles for owners who want the real answer
Straight talk on running, leasing and growing apartment properties, written by the people who do it every day in Reno.
30
articles and guides
Latest articles
Operations
Accounting and FinanceThe 40% Rule: Your Operating Expense Ratio and Asset Value
Two buildings with the same rents can be worth very different amounts. The gap is often the operating expense ratio. Here is how it works and what a point is worth.
· 13 min
Ownership and InvestingMultifamily Cap Rates: What Separates Good Deals From Bad
A cap rate tells you what you pay for today's income, and nothing about whether that income is real. Learn what multifamily cap rates hide and how to look past them.
· 13 min
Market InsightsReno Multifamily Market Q3 2025: Occupancy, Rents and Concessions
Q3 2025 in Reno-Sparks: occupancy near 89%, rents up, concessions rising and absorption slowing. A quarter-by-the-numbers look at what changed and why it matters.
· 13 min
OperationsThe Apartment Make Ready Process: Turning Units Faster for Less
Every day a unit sits vacant costs you rent. Here's a day-by-day make ready process, with vendor coordination and inspections, to turn apartments faster.
· 7 min
Legal and ComplianceGovernment Shutdown Eviction Protections in Nevada: A Landlord's Guide
When the federal government shuts down, Nevada law changes how you can handle rent and evictions for affected workers. What the 2025 shutdown taught us, and what the statutes actually say.
· 7 min
Accounting and FinanceGross Potential Rent: How to Calculate It and Read It Right
Gross potential rent is the 100 percent line every other number is measured against. How to calculate it, why definitions differ and the mistakes that make reports misleading.
· 9 min
Ownership and InvestingAsset Management vs Property Management: Who Does What?
Property managers run the building. Asset managers run the investment. Here's who owns which decisions, where the two overlap, and what goes wrong when nobody covers the gap.
· 7 min
Ownership and InvestingAccidental Landlord? How to Avoid the Costly Mistakes
You own rental property you never planned to run. Here is where accidental landlords lose money, how to tell if you should self-manage, and what to hand off first.
· 7 min
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Questions
About our articles
Who writes the Next Level multifamily property management articles?
Our articles are written by the Next Level team, led by founding partner Chris Foti, drawing on daily work managing, marketing and advising on Reno apartment properties.
How often do you publish new articles?
We publish new guides regularly and revise older ones when laws, markets or best practices change. Revised articles show their updated date.
Are the Nevada law articles legal advice?
No. They explain how rules affect owners in plain language, and we link to the statutes. For your specific situation, talk to a Nevada attorney.
Can I suggest a topic?
Yes. Send us the question through the contact page. If it helps other owners, we will write about it.
Where can I see Reno market numbers?
Our Reno market data dashboard shows occupancy, rents and concessions month by month, and our market report articles explain what they mean.