Property Management News

How 7 Under-the-Radar Apartment Markets Have...

The dynamics of individual apartment markets can often change significantly as time passes. Tremendous shifts have occurred in the past year in markets such as the San Francisco Bay Area, New York and Austin on the downward side, and Riverside, Las Vegas and Detroit on the upward side, according to Axiometrics apartment data. Changes can also be found in smaller metros, seven of which were highlighted in last July’s article “7 Under the Radar Apartment Markets.”  Given the changing dynamics of the market throughout the latter half of 2016 into 2017, we revisit our initial discussion on these cities, this time from more of an operator’s perspective. Source: Axiometrics Ann... Read more

Dive Brief: Apartment rents across the U.S. continued to edge higher in February as an uptick in some central and southern markets offset ongoing price drops in...

Is Real Estate the sleeper sector of 2017? Yes, it is. Reason #1: Millennials Reason #2: Rising Interest Rates (yes, “rising” rates!) Reason #3: Economic...

Innovations in university housing set the bar high. As these college graduates enter the rental market, they’ve been primed to expect a similar level of sophistication...

Dive Brief: The U.S. homeownership rate rose slightly to 63.7% in the fourth quarter from 63.5% in the previous quarter and is roughly on par with the same period a...

Here’s why you could have property tax...

Bennie Smith Jr. was looking for a way to build his wealth quickly when he bid on two property tax liens in Decatur, Illinois. He bought one on a vacant home in his former neighborhood for about $5,000 and another on a vacant lot for $600. His plan was to take over the properties if their owners did not pay the lien within a designated amount of time. He wound up getting ownership of the first one, and earned about $100 on the vacant lot a couple of weeks after the sale, when the owner paid to redeem it. A tax lien is placed on a property by a municipality or city when the owner fails to pay real estate taxes, as well as water and sewage bills, in a timely manner. More than $14... Read more

Buyers vying for net lease investment properties have been paying top dollar to win deals. But an increase in interest rates is already causing cap rates to creep higher...

Though national apartment rents are growing less quickly, they still exceed the average American's budget in some cities. One way developers are working to address...

There is a major dilemma facing many Baby Boomer investors today. Their successes in real estate have produced a failure in quality of life. What is the problem, and is...

It is no secret that the trend is there. Package delivery is increasing on a daily basis, as millennials prefer the convenience of shopping from their phone. Even...