Property Management News
D.C.’s apartment “amenity wars” are coming to a head. Amid a tough financial landscape for new buildings, multifamily developers are reworking the scope and scale of residential amenities in an effort to focus on value and efficiency. This topic of residential amenities — the burdens they can place on the bottom line and how spaces can best be optimized to fit residents’ needs — rose to the forefront in a developer panel discussion at an April 6 Bisnow roundtable on the NoMa, Mount Vernon Triangle and North Capitol Street area. Many developers in this area are dealing with these questions, as it leads the District in Class-A apartment development, according... Read more
The funds come from the Inflation Reduction Act and $4 billion of loan commitment authority The U.S. Department of Housing and Urban Development (HUD) on Thursday...
There’s no doubt that one of the most important and often daunting steps in the homebuying process is qualifying for a mortgage. By understanding what lenders look for...
Did you know that a majority of renters check landlord reviews before making their final decision to sign a lease agreement? Reputation management is not just good for...
“Cash for keys” is a term used to describe a situation where a landlord offers a tenant a sum of money to vacate the rental property voluntarily. If done properly,...
A federal appeals court has ruled that landlords can ask potential or current tenants about their criminal history, reversing a lower court decision in part and upholding part. The U.S. Court of Appeals for the Ninth Circuit said the City of Seattle’s Fair Chance Housing Ordinance violates the First Amendment right of free speech. The appeals court disagreed with the district court that the Ordinance was narrowly drawn to achieve the City’s stated goals. The appeals court said, “a complete ban on any discussion of criminal history between the landlords and prospective tenants—was not in proportion to the interest served by the Ordinance in reducing racial injustice and reducing... Read more
Owning rental property can be a very lucrative investment. However, there may be some aspects of this business venture that may seem a bit overwhelming at times. Many...
The sector has made strides in serving renters, but gaps remain, says Cortland’s Mike Gomes. Other industries are years ahead of multifamily when it comes to the...
Renters are scaling back over economic concerns. There is a surge of new apartment inventory starting to hit the market, most of it luxury rentals. While such buildings...
AI has been a hot topic, with programs emerging to create artwork, write novels, and so much more. While these features are innovative, there are specific ways that...
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