Property Management News

Despite quickly rising rents, many landlords say...
Despite quickly rising rents, many landlords say...

Of all the categories driving inflation in recent months, among the largest — and most persistent — is rent. In buildings with more than 50 units, tenants in one-bedroom apartments have been handed new leases costing about 17% more on average than they did in March 2020, according to CoStar Group, a Seattle-based real estate data company. The Labor Department’s rent indicator — which includes ongoing leases, not just renewals — has steadily risen, to 6.7% last month over the previous August. So while tenants absorb rent increases that often exceed their income gains, are landlords minting money? It depends on the landlord. Publicly traded owners of sprawling real estate... Read more

Home Rental Property Maintenance for the Winter...

The winter season is almost near. And it’s not just the holidays, gifts, and celebrations that we should be preparing. As an owner of rental property, we value our...

5 Reasons Why Buying Raw Land for Your Real...

By Cheryl L. Sain, author of 10 Things You Need to Know About Land Learning how to properly and quickly research any property can open the door to different investment...

It’s Hurricane Season: Is Your Multifamily...

The Atlantic hurricane season puts at risk 19 states that border the Gulf and Atlantic coasts — about 3,700 miles of coastline — from early June through November. ...

Key Takeaways from White House Eviction Reform...

The White House hosted a first of its kind virtual Eviction Reform Summit in early August so here is a summary from the National Apartment Association (NAA). The White...

Rents fell in some California metro areas; is a...
Rents fell in some California metro areas; is a...

Overall, median rent across the country’s 50 largest metropolitan areas grew last month, but the Los Angeles-Long Beach-Anaheim region saw a decline.  California, of all places, could provide some indication that the housing rental market is cooling. Overall, median rent across the country’s 50 largest metropolitan areas grew by $3 to $1,879 in July, representing the 17th consecutive monthly increase and a rise of 12.3% year over year, according to data from Realtor.com. But in the Los Angeles-Long Beach-Anaheim metropolitan region, the fourth-most-expensive in the U.S., rent fell by $4 to $3,047. In the Riverside-San Bernardino-Ontario region, rent fell by $22, and the Sacramento... Read more

The Top Destinations For Renters Moving Across...

Nearly 11% of all renters interested in moving out of state chose Texas. US renters are increasingly turning toward so-called feeder cities, with two cities in the...

Landlords try to stop rent control initiative in...

Ballots haven't even been printed yet, but already a group of landlords, apartment managers and real estate agents in Florida want to stop voters from deciding on a...

Apartment Demand Doubles in Household Boom

Renters leased 700,000 additional apartments last year, more than doubling the five-year average. They also leased twice as many apartments in Q1 this year than in Q1...

7 Reasons a Tenant Can Sue Their Landlord

Reasons to sue a landlord Landlord-tenant laws vary depending on where you live, says Samuel Tamkin, a Chicago-based real estate attorney. “What’s considered...