Property Management News

As a property owner, you never want to end up in a situation where the property you purchased isn’t creating any return on investment. This can happen for a variety of reasons, but one common reason is being locked into a below-market rent agreement. If you end up in this situation as a landlord, your first instinct may be to raise the rent cost immediately. However, the vast majority of lease agreements promise tenants that their rent rate won’t be changed until they renegotiate their lease at the point of its termination.  Additionally, even if the nature of your agreement with your tenant allows you to raise their rent at your discretion, you’re likely to have a hard time keeping... Read more

Seniors Aging in Place Limit Supply of For-Sale Housing, Leaving Fewer Options  A growing number of seniors are staying in their homes longer and limiting the supply of houses for sale, and real estate executives and analysts say that’s combining with higher mortgage rates and a tight supply to push aspiring homebuyers toward single-family rentals. Households made up of those at least 65 years old increased 51.2% between 2007 and 2021, far eclipsing the 4.4% gain among non-senior households, according to a study by economic advisory and data science firm Chandan Economics for multifamily lender Arbor Realty Trust. That has been a major force in limiting supply and increasing... Read more