Property Management News
It’s no secret that newly built apartments in urban areas are commanding high rents. But newly released numbers from MPF Research show just how costly new construction apartment units are compared to older, less desirable stock. According to the firm, the most expensive Class-A apartment units — mostly located in newer buildings in the center of urban areas — rent for $1,663 a month on average in the country’s 100 largest metro areas. That is double the average monthly rents for lower-priced Class-C apartment properties. In the Midwest, this rent stratification is seen most clearly in Chicago. MPF Research says that the average Class-A apartment in the city — again, made up... Read more
Instead of asking what types of amenities residents want, we need to understand what fundamental problems they face and work to solve them. We’ve all heard about the...
As someone looking to become a property manager, your responsibility is to make sure everything runs smoothly while keeping your residents safe and happy. To some, this...
Increasing rental rates and home prices have been a hot topic of conversation for some time. There’s a perfect storm of factors: Homeownership is the lowest it’s...
Soon, investors will find themselves purchasing more single-family rental properties due to the changing of seasons. The Seasonal Single-Family Rental Investment...
Just like “The Matrix,” you can’t really see a bubble while you’re in one… but there are some telltale signs. If you were burned in 2008, the last time the housing bubble burst, you’re probably (and understandably!) gun-shy about jumping into the housing market again — especially if you think your local area could be experiencing another bubble. If you buy during a bubble, overpaying for your home, you might be forced to sell for less than the property is worth — either that or stay put longer than you’d like until you build up enough equity to sell. So if you’re thinking of buying, it’s important to have a sense of the signs that point to a real... Read more
A great kitchen design can dramatically increase your property value – if you want to attract prospective buyers, your kitchen is the perfect place to invest...
Writers Louis Rosenfeld and Peter Morville said in their book on web design that, “The foundation of almost all good information architectures is a well-designed...
Those of you who are about to start a remodel or are in the process of one right now, stop and take a deep breath because what I’m about to say might upset you: It’s...
According to the National Association of Realtors 2016 Profile of Home Buyers and Sellers – First-time buyers who financed their home typically financed 96...
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