Property Management News
The year started on a promising note for apartment hunters as the national rental market has cooled off slightly, at least on paper: The U.S. competitiveness score dipped from 75.7 to 75.4. In theory, finding a place should be getting easier. But in cities like Chicago, San Francisco and Atlanta, the opposite is happening. In fact, these markets aren’t just competitive — they’re going against the national trend and getting more competitive faster than anywhere else in the country. Chicago alone saw its competitiveness score surge 9.5 points year-over-year for the largest jump of any major metro as new apartment construction has nearly evaporated. Now, nine renters compete for... Read more
A New York State Supreme Court Judge has ordered one of the city’s “Worst Landlords” to cough up more than $2.1M in fines and follow a strict timeline to make...
Key Takeaways Expert insights on DSCR loans for 10-unit buildings Actionable strategies you can implement today Real examples and practical advice DSCR Loans for...
Most multifamily owners and managers are aware that discrimination against disabled tenants can result in litigation and increase a project’s operating expenses, which...
Apartment property managers, also known as operators, were once mom-and-pop concerns. They fixed things, collected rent and stored leases and other paperwork. These...
Baseball-sized hail used to read like a weather oddity. In March, it looked more like a balance-sheet issue. In Kansas City, storms dropped hail as large as 4 inches across parts of the metro, with the worst damage concentrated in the Northland. In the Chicago region the same week, a supercell produced giant hail in the Kankakee River Valley, including a stone measured at more than 6 inches that could set a new Illinois record. These were not edge-case rural events. They hit major Midwestern metros with deep inventories of apartments, office buildings, retail centers, and industrial properties. That matters because hail has quietly become one of the most consequential weather risks facing... Read more
If you manage a rental property — whether it’s a small apartment building, a duplex, or a multi-unit complex — you’ve probably dealt with the same...
Not long ago, the apartment search looked like this: open Google, type “apartments near me,” scroll through a handful of listings, and schedule a tour. That funnel...
When most people think of maintenance, they probably think about wrenches, drills and screwdrivers, not cutting-edge digital technologies. But when it comes to...
Most multifamily marketers know the obvious fair housing violations. No one’s writing “singles only” in a listing description. But the violations that...
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