Property Management News
Construction of low-density housing like duplexes hovers near record lows, as states pass zoning reform to tackle the affordable housing crisis. More small multifamily homes are needed to help solve America’s housing crisis, but they make up an ever-shrinking share of new housing construction. Housing construction in the US has long focused on single-family homes and large apartment buildings, leaving a deficit of everything in between—sometimes referred to as “middle housing” by housing experts and advocates. While the number of new apartment building units recently reached the highest point in nearly half a century, the construction of denser alternatives to single-family... Read more
Multifamily rents are creeping up as spring approaches, and many locations saw rents rise slightly in February, according to Yardi Matrix. Metros in the Northeast and...
Real estate investment options are diverse, with multifamily and single-family properties representing two distinct avenues. Each type offers unique advantages and...
As a housing provider, do you really know the changing priorities of renters a new survey study asks. The new report from the National Multifamily Housing Council...
Investors purchasing apartment complexes have used the same formula for renovation for years. They put in new countertops and flooring, painted the property’s...
By now it’s no secret that being pet-friendly is crucial to attracting today’s renters. According to a recent study by apartment operator Cortland, 82% of Gen Z apartment renters say having a dog influences the decisions they make related to housing. Many operators have responded by modifying their policies to become exceedingly pet-friendly, including easing restrictions, offering pet-fee incentives and bolstering their properties’ pet amenities and services. They can take it one step further by prominently featuring their pet-centric initiatives in their marketing efforts. For instance, if the property partners with a local shelter or veterinarian, teams should not be... Read more
The year ahead for the multifamily real estate market holds a unique set of challenges and prospects. With both high interest rates and weather-related catastrophes...
Multifamily has maintained its status as the best performing and most resilient asset class through economic cycles. Market conditions continue to change at a pace...
New York’s rent stabilization laws, amended in 2019, are arguably the most stringent in the country. Challenges to New York’s rent regulations are not new, and come...
Functional amenity spaces, appealing resident events and prompt maintenance responses all qualify as factors that can enhance the chances of retaining a resident. A...
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