Property Management News

Apartment rents are not growing as quickly as they had been, according to research firm RealPage Inc. In a few overbuilt downtowns, apartment rents are starting to fall. But experts claim that demand for apartment units continues to be so strong, the trend won’t last for long. “The story in these markets is the apartment story writ large: the high levels of apartment construction are not enough to house the 1.2 million or so new households formed each year without increased single-family construction,” says John Affleck, research strategist with the CoStar Group. Apartment rents are still growing, but not as quickly as they had been, in markets across the country, according...Read more >

As a landlord, you know it's important to have tenants who maintain good credit scores. What you may not know is that you can help your tenants improve their credit. Learn how it works and why this benefits you. Why Good Credit Is Important for Landlords A good credit score illustrates that a tenant has a track record of paying bills on time, does not carry a high level of debt on his or her credit cards, and has no unpleasant surprises (such as a default or bankruptcy). If a renter doesn't pay his or her bills on time, there's a high risk that this irresponsible behavior will carry over to the rent. When he or she sends the rent late, you may not get the money you rely on for...Read more >