Property Management News
When the coronavirus outbreak exploded and millions of jobs were shed overnight, it became clear that massive amounts of relief would be needed to prevent an all-out economic meltdown. To this end, an eviction ban was put into place that made it so tenants wouldn’t lose their homes on the basis of not paying rent. Real estate investors with income properties that weren’t generating their usual rental revenue got relief, too, in the form of forbearance, which allowed them to pause their mortgage payments. But that only did a limited amount of good, especially for the mom-and-pop landlords who rely on rent payments to cover expenses like property taxes, maintenance, repairs,... Read more
Inflation can present challenges, but it also presents opportunities, especially with two unique situations that are occurring today. It has been more almost 40 years...
When you look at the trends, “it is hard to see why multifamily wouldn’t be a booming asset class,” says Mike Procopio, CEO of The Procopio Companies. The...
The change is probably temporary and explained by obvious factors. If 2020 weren’t odd enough in commercial real estate, it now seems that more single-family homes...
Landlords have two choices when they need to rerent property: Wait for the current tenant to move out before showing the unit to prospective tenants. Show the...
As homebuying reaches a fevered pitch across the U.S., contractors in New York and several other states are facing the most severe shortage of skilled construction labor since the Great Recession. Nationwide, 92 percent of contractors say they have had “moderate to high levels of difficulty” finding skilled workers, according to the U.S. Chamber of Commerce’s quarterly construction report released Sept. 22. More contractors are struggling to hire skilled labor than at any time in the past year, the chamber’s data shows, and 93 percent expect the construction labor shortage to remain the same or get worse over the next six months. Nearly three-quarters (73 percent) of... Read more
Eighteen months into the pandemic, offices in the Washington D.C. Metro remain overwhelmingly empty. And with remote work taking hold, it’s unclear when — or if —...
San Francisco’s two-bedroom rents are trending down significantly. San Francisco’s infamous expensive rents are not a secret. Over the last few years, as...
We surveyed more than a thousand renters about jobs, household expenses, average rent and financial issues. This is what we found. Rising rent prices, financial woes and...
Over the last decade, apartment owners have focused on providing impressive amenity packages to apartment residents. In what has been called the amenities race, new...
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