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Starting next month, Bronx tenants will have one extra tool in the fight against bad landlords, thanks to a newly passed piece of legislation from Assemblyman Jeffrey Dinowitz. The law would require that property owners complete court-ordered repairs to their properties within a maximum of 60 days. This comes after a nearly two-decade battle in honor…

As President-elect Joe Biden prepares to enter the White House, he and his administration are weighing a number of economic measures to take in the initial days and weeks. Among these, according to a report in the New York Times, is an extension on the moratoriums on evictions and foreclosures. This should not come as a surprise to…

Presidential hopeful Joe Biden has proposed a dramatic revision of the tax code. While the details are unknown, the big picture is to roll back President Trump’s centerpiece legislation, the Tax Cuts and Jobs Act of 2017, and make the tax code much more progressive. Biden’s plan, called “The Biden Plan for Mobilizing American Talent…

For a fourth straight month the number of vacant apartments in New York City increased, according to a survey of the members of the Community Housing Improvement Program (CHIP). The survey sample represents more than 100,000 units of housing, and found the vacancy rate to be 13.2 percent when including both units listed for lease…

Do you remember the last time you left home without your smartphone? Neither do I. We have integrated technology into almost every part of our daily lives. The average U.S. adult spends around three hours on their smartphones every day, from listening to music to scrolling through social media and streaming videos. Today, technology is changing…

Though there is some erosion in fundamentals, apartments are doing much better than retail. “Things are holding up better than I think most of us would have anticipated,” says Brian Stoffers, global president of Debt and Structured Finance for Capital Markets at CBRE. But the problems in retail may be catching up to multifamily. “I…

The economic fallout from the pandemic is hitting the lowest-income renters especially hard. That’s one finding from the new State of the Nation’s Housing report from the Joint Center for Housing Studies at Harvard University. More than half of renters who earn less than $25,000 a year lost wages between March and September, according the report, compared…

Virtual apartment showings. Online rental applications. E-payments instead of rent checks. Like so many industries, property management has found a way to adapt and push forward during the pandemic. It certainly hasn’t always been easy. Property managers and renters are on the front lines of the crisis, in more ways than one. Health and safety…

Electronic access control manufacturer Salto has seen an increase in demand since the start of the pandemic. Apartment owners are flocking to new technologies to help boost health and wellness and to propel and expand sustainability efforts. Electronic access control systems are an easy fit because they offer keyless entry into units—especially useful for new move-ins and…

The D.C. Council wants to “future-proof” new commercial and apartment buildings in the District for an electric vehicles. A bill going through Council would require that at least 20% of parking spots in new or renovated commercial and apartment buildings have the infrastructure to allow for future electric vehicle charging. That means buildings must include…