Property Management News
Boston City Council members exposed a long-simmering debate over the digital economy’s impact on the housing market Monday as they began considering regulations on short-term home rentals offered through online services such as Airbnb Inc. The hearing, which aired the complaints of businesses, landlords, and residents, is part of a national wave of regulatory pressure on Airbnb and competing websites. Massachusetts officials are increasingly concerned that Airbnb rentals are removing long-term housing from the market, potentially worsening an already tight market in Greater Boston and elsewhere in the state. East Boston resident John McCarthy said he has seen that happen in his... Read more
As demand for luxury real estate falls in New York, developers are increasingly offering up flashy extras to attract new tenants. That’s particularly the case at...
In recent years, there has been a proliferation of “drive-by lawsuits” involving the Americans with Disabilities Act (“ADA”). Such actions...
Investors have already spent a record $4.5 billion on Valley apartment complexes through November of this year, according to research. If you see a big construction...
The average rental price of a one-bedroom unit dropped last month by five dollars, from $1,042 to $1,037, according to new data from ABODO. Among the major metro...
Energy efficiency in residential apartments is different than in commercial, industrial or other types of structures or facilities. Differences can include the way in which upgrades and retrofits are done and the financing structures supporting these changes. The motivation of ownership and tenants to implement technology to cut energy may not be as clear cut as in other scenarios. There also can be differences between use patterns depending upon the status of the tenant. “The difference lies in the contrasting habits between residents who own a space and those who lease a space,” wrote Maureen Lambe, the Executive Vice President of the National Apartment Association’s Education... Read more
Retail sales during the weekend from Black Friday through Cyber Monday reached record proportions this year, which is positive news for the apartment market. While there...
NEW YORK CITY – The Obama administration has banned smoking in NYCHA residences and public housing developments nationwide. The Department of Housing and Urban...
New York City housing and finance officials will notify 3,000 landlords this week that they will lose a lucrative property tax break unless they follow procedures aimed...
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...
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