Property Management News
Photo by Ketut Subiyanto from Pexels Landlords are increasingly willing to offer concessions or perks to potential tenants rather than lower rent as the pandemic impacts the rental market, a new Zillow study found. The survey of Zillow listings showed that 30.4% of rental listings on the service featured concessions, compared to 16.2% of listings in February and 12.5% last July. Those concessions can range anywhere from a month off rent, free access to a parking space or even a gift card, according to the study. The survey indicates that landlords are choosing to offer perks to draw in potential tenants rather than make more permanent moves like lower rent. “Before the pandemic, the... Read more
Downsizing is becoming more popular and driving rental demand in both younger and older generations. By Holly Welles More people than ever are moving out of their homes...
Manhattan’s super-high-end rental market, comprising apartments that start at $22,000 for a month’s rent, has slowed to a trickle as wealthy foreign and domestic...
As landlords prepare to sort through and select a potential tenant, there’s one question that should always be top of mind: How can I determine if this tenant can...
Photo by Karolina Grabowska from Pexels As August approaches, so does another rent due date for millions of renters in Southern California. After months of unemployment,...
A new survey of Lexington landlords and apartment owners shows nearly 70 percent have at least one or more tenants at risk for eviction for nonpayment of rent. Moreover, the survey of 100 Fayette County landlords shows that more than 60 percent had at least one tenant who could not pay rent in April. Gov. Andy Beshear temporarily suspended evictions for nonpayment of rent in late March. during the peak of the coronavirus pandemic. Moreover, the Kentucky courts have stopped all eviction-related filings. But when Kentucky courts reopen come June 1, the number of people facing evictions could overwhelm the court system later this summer. A group of nonprofits, landlord and apartment groups... Read more
In 2019, the New York Legislature enacted a so-called reform of rent regulation. Owners of 1 million rent-regulated apartment units found themselves almost out of...
Property management is a long-standing industry that historically has a reputation for being slower to adopt modern, cutting-edge solutions for their businesses....
Rent is due for most California apartment dwellers today, and their landlords are expecting to see even fewer payments than they saw in April as the economy remains...
Multifamily housing performed exceptionally well over the course of this cycle, driven by the affordability of renting an apartment relative to owning a single-family...
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