Property Management News

Rising Lumber Prices Add $92 Per Month To...
Rising Lumber Prices Add $92 Per Month To...

Increases in softwood lumber prices have raised the average rent apartment tenants would pay on new construction between April 17, 2020 and July 8, 2021 by $92 per month and $9,990 to the market value of a new rental unit, according to a new report by the National Association of Home Builders. The increase is somewhat less than the April 2020-April 2021 of $119 monthly NAHB reported three months ago. The trade group noted the total cost to a builder for all the softwood lumber products going into a home was $5,940 for the products in an average multifamily home Random Lengths reported on April 17 of this year. At first glance, the latest estimates might seem high relative to recent... Read more

Amazon’s mission: Getting a ‘key’ to your...

NEW YORK (AP) — Amazon is tired of ringing doorbells. The online shopping giant is pushing landlords around the country — sometimes with financial incentives — to...

HUD Invests Millions to Fight Housing...

The U.S. Department of Housing and Urban Development (HUD) Fair Housing Initiatives Program (FHIP) just received a major financial boon—$19M to be exact. The new...

Apartment Market Metrics on the Rise: NMHC

Robust demand for apartments nationwide is being reflected in rising market metrics. For the first time since October 2015, market tightness, sales volume, equity...

New Report Highlights Benefits of Pet-Friendly...

A new report from nonprofits Michelson Found Animals Foundation and the Human Animal Bond Research Institute (HABRI) finds that rental housing owners and operators can...

Miami condo collapse leads to call for...
Miami condo collapse leads to call for...

NASHVILLE, Tenn. (WKRN) — As Nashville grows, unfortunately, certain issues grow along with it. And as tragic as the Miami-area condominium collapse was and continues to be, it has sparked a growing awareness. Now, area apartment owners, condo associations, construction companies, even insurance companies are reviewing their own practices to ensure something as tragic as the Florida condo collapse, never happens again. The problem itself isn’t new, rather, a new light is being shined on an old problem. “The problem were talking about is a negligent or absolute failure of property management companies or owners to take proactive and preventative steps to address and fix... Read more

Top Tips for Tip-Top Virtual Tours

Multifamily owners and managers who were accustomed to hosting prospective renters for in-person tours with a leasing representative have had to pivot as a result of the...

Rising rents threaten to prop up inflation

Kaitlin Cindrich is facing a $200 monthly increase in rent this August if she and her husband can renew their apartment lease in Provo, Utah. Still, she acknowledges...

Multifamily Rent Growth Reaching Unprecedented...

People moving around due to the pandemic and job changes or losses, government stimulus, and a hot housing market have all contributed to unprecedented levels of...

Housing Conditions In This Low-Income...

María Lara and her 10-year-old daughter, Ashley, live in Langley Park, Md., a densely populated, low-income suburb of Washington, D.C. She says the worst part about...