Property Management News

5 Professionals Every New Landlord Should Know

One of the best ways to see success in the real estate industry is to invest in properties and rent them out properly; essentially becoming a landlord. However, as many of you already know, being a successful landlord requires a lot of expertise that a new landlord may not have. Therefore it is incredibly essential for a landlord who wants to be successful to surround themselves with the following five professionals.  Realtor  Obtaining a professional and experienced realtor is one of the best ways to increase the chances of returning a profit. Having a realtor at your side can save you from making mistakes, such as purchasing a property in a less than desirable location or condition.... Read more

What a difference a year makes. In spring 2022, pricing power for leases and lease renewals remained squarely in the hands of apartment owners. Coming off the greatest...

This younger cohort could create a demand for apartments that could overwhelm supply. The challenges of high home prices and rising interest rates that confront...

We all know apartment reviews hold significant power in shaping the reputation of multifamily properties. But recently, apartment communities have become increasingly...

D.C.’s apartment “amenity wars” are coming to a head. Amid a tough financial landscape for new buildings, multifamily developers are reworking the scope and scale...

Why Rental Vacancies Continue To Rise

Rents typically rise in the spring, but according to Redfin, the median asking rent dropped by 0.2% in April. That trend is good news for anyone looking to sign a new lease but bad news for landlords — and it’s nearly a year in the making. Redfin data shows that rent growth cooled for the 11th straight month in April as demand continues to fall. On May 3, the U.S. Census Bureau reported that rental vacancies hit 6.4% in the first quarter of 2023, the highest vacancy rate in two years. So, why are landlords lowering their asking prices to lure tenants, and what’s driving the decrease in demand? Several forces are at play. Supply Caught, Then Outpaced, Demand The Redfin report... Read more

Need inspiration to attract residents who WFH? Here are some ideas. COVID-19 is no longer a public health emergency. And that means the pandemic is officially...

In 2022, the U.S. inflation rate rose to 8.5%—the highest the country had seen since 1982. With rising inflation comes an increase in the cost of living, so it's...

Eviction. Not anyone's favorite word, and certainly not a word that resonates positively with renters. It is, however, a necessary part of operating rental...

    Between rental occupancies, landlords have a lot of tasks to take care of to ensure that their property is ready for the next tenant. This includes...