Property Management News
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 crane in metro Phoenix now, chances are it’s the site of a new apartment complex. The Valley is in the midst of an apartment building boom. Developers are almost racing to get the complexes up. Enticed by rising rents, they are turning parking lots on prime vacant corners, old restaurants, half-empty shopping centers and older, run-down complexes into shiny, new upscale complexes. These complexes are being quickly built, pretty rapidly filled up with renters and then sold. Investors have spent a record $4.5 billion on Valley... Read more
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...
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 at limiting rent increases. The move, which would primarily affect owners of smaller buildings, marks a sharp departure from a previous policy of giving away the benefit without ensuring compliance. At a City Council hearing last Tuesday, city officials said they are now hammering out a memorandum of understanding that will undo that old policy. It led to thousands of properties collectively receiving millions in savings under the city’s controversial 421-a tax break without showing that they met basic program... Read more
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...
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...
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