Skip to main content

Property Management News

Finding An Apartment Is Hard. Finding Workers For...
Finding An Apartment Is Hard. Finding Workers For...

Any renter searching for an apartment, or retiree trying to choose a senior living home, can attest to the remarkable amount of demand in the market for managed residences, and to the cost increases that come with that demand. But out of sight of users like these is a staffing shortage that eats into profit margins and leaves residents without services they might expect. The shortage of workers, especially maintenance staff, has become the No. 1 issue discussed by owners and operators, according to National Apartment Association Chairman and President Don Bruner, who’s also CEO of BRG Apartments.  It’s an “everyday conversation” for the industry, he said, and at the... Read more

Multifamily Gains Greater Understanding, Use of...

AI- and machine learning-based virtual leasing assistants create greater onsite efficiencies, performance Momentum for using a centralized leasing strategy continues...

What is Cap Rate and Why Does it Matter? 

By Norm Spivey, Author of Collect Rent, Don't Pay It!: A Beginner's Guide to Rental Property Investing   Ask ten investors “What is Cap Rate?”, and...

Survey: Property Managers Affect Whether Renters...

  A new survey shows that single-family renters may be more likely to move in the next year than apartment renters, and there are some key reasons why. Property...

Flatbush landlord sentenced in deadly space...

Evener Leon to serve six months in jail after tenant death A Brooklyn landlord was sentenced to jail three years after a fire at his building resulted in the death of...

How Interest Rates Hikes Have Changed the...
How Interest Rates Hikes Have Changed the...

Rising interest rates in 2022 thus far have had the most significant negative impact on the single-family housing market. Housing prices have cooled and transactions have slowed - data from Marcus and Milchap show that sales are down 27.5% since their peak in January 2022. On Tuesday (9/27), the S&P CoreLogic Case-Shiller index showed home prices in the largest 20 cites fell 0.44% in July, the first drop since 2012. However, with a higher cost of capital and a lack of supply, affordable housing hasn’t become more obtainable for the average American. With 30-year fixed rate mortgage rates above 7% for the first time in over 20 years, it’s increasingly challenging for Americans to... Read more

Renters’ Flight To the Suburbs Has Big...

The way that we organize our cities has a profound impact on our carbon footprints. As much of the US boils under an oppressive heat wave, discussions about climate...

Hiring a Property Manager to Grow the Portfolio

By Norm Spivey, Author of Collect Rent, Don't Pay It!: A Beginner's Guide to Rental Property Investing  It’s hard to put a price tag on personal time and...

‘A Huge Surprise’: Multifamily Rent...

Asking rents for apartments dropped in the third quarter for the first time in years, with landlords seeing vacancy rise and demand slow during the typically busy summer...

Gov. Gavin Newsom Signs New California Law...

The state of California will be sealing the criminal records of select former offenders if a certain criterion is met, according to a bill signed by Gov. Newsom on...