Property Management News
Renters in at least 21 of the measured 100 metropolitan areas are enjoying discounted rates A new report about the nation’s rental markets shows a dichotomy between those where apartments now rent at a discount relative to their long-term trends and others where housing is so tight that renters are paying steep premiums. Renters in at least 21 of the measured 100 metropolitan areas are enjoying discounted rates. Boise City, ID offers the best break, with the typical unit renting at a 5.45% discount. Other cities in this category are Austin (3.27% discount), Phoenix (3.15%), Las Vegas (2.88%), and Spokane (2.62%). According to the report, these cities experienced rapid population growth... Read more
With transactions down and new developments largely put on the back burner for now, even the big names in multifamily are getting creative to keep busy and generate...
The real estate world is changing fast, and Artificial Intelligence (AI) is leading the charge, especially for those of us looking into passive investing. Gone are the...
Fraud impacting rental housing costs throughout the country is on the rise and includes incidences of fraudulent rental applications, financial and identity fraud, and...
‘At Lease’ is a term commonly used in commercial real estate, particularly in the multifamily sector. It is important to understand what this term means, as...
To ensure your property is ready to excel during leasing season, finding the right marketing agency is a crucial step toward success. A specialized agency can elevate your property’s visibility, attract the right renters, and enhance overall profitability. To assist property managers in making informed decisions, here are the top ten criteria to consider when selecting a multifamily marketing agency. Industry expertise Look for agencies with a proven track record in multifamily marketing. A deep understanding of the industry’s unique dynamics, target audiences, and challenges is paramount for crafting effective strategies. Portfolio and case studies A reputable agency should be able to... Read more
2023 was a volatile year for the multifamily industry. Demand patterns and rent prices returned to a post-pandemic normal, but apartment communities’ operating...
Chronic housing shortages raise value for market-rate multifamily products, but affordable supply still falls way short of demand. Demand for market-rate multifamily...
Identifying technologies, solutions and practices that directly correlate to property performance is essential. Coming out of the pandemic, the multifamily industry...
A landlord can increase rent by up to a certain percentage or amount specified by local rent control laws. Rent increases are subject to local rent control laws which...
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