Property Management News
When COVID hit, transactions in the apartment market, like many commercial real estate sectors, ground to a halt. For a short period, there was a 5% to 10% discount on deals that did move in the summer, according to Noah E. Hochman, co-chief investment officer and head of Capital Markets for TruAmerica. But that didn’t last long. “As the capital markets stabilized and you could borrow in the 2% range, cap rates returned to pre-COVID levels,” Hochman says. “With the exception of markets like maybe Las Vegas and parts of Orlando that have a lot of credit exposure in the service sector, values are probably the same as they were pre COVID.” Hochman says many investors who are... Read more
Location is the most important factor in real estate, and that concept doesn’t apply only to a primary homebuyer; it’s true for a real estate investor as...
The US is currently under a national eviction moratorium that stops landlords from evicting tenants who don’t pay rent until at least Dec. 31, 2020. Although the...
The word “landlord” typically houses a negative connotation, particularly now as millions of financially strapped renters struggle to remain sheltered. However,...
How To Become a Landlord: 8 Steps to Owning a Rental Property While becoming a landlord is not a quick way to make money, it is a good way to ensure medium to long-term...
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...
The rent to income ratio is the percentage of a renter’s income that goes toward rent. Most landlords use the 30% rule or the 3x rent rule to determine whether a...
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,...
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