Property Management News
Unraveling the mystery of 1031 exchanges and some exceptions for the taxpayer and rules on the same taxpayer. In a 1031 exchange transaction, it is often said that legal title to the real estate being sold (i.e., the relinquished property) and the real estate being purchased (i.e., the replacement property) must be held under the exact same legal title. This is a common misconception. Although it is generally recommended to hold legal title to properties in a 1031 exchange under the exact same legal title, there are exceptions where legal title is not required to be identical. Same Taxpayer Requirement The actual requirement is that the ownership (i.e., the taxpayer) of the relinquished... Read more
Key Takeaways Miami tops the list of the nation’s most competitive rental markets again, with Chicago right behind it. Chicagoland demand is surging, while...
Consumers are making strategic choices to protect essential assets and manage financial obligations, a trend that has led to a dip in average FICO scores over the past...
Two Wisconsin landlords will pay $20,000 to settle an emotional support animal case involving cats and rats, that accused them of discriminating against tenants who have...
Key Takeaways Modular construction made up 8.8% of US apartment starts in 2024, showing its strongest adoption yet. A bipartisan Senate bill could modernize financing...
The cost of renting a home in the U.S. has soared over the past 20 years, especially in the immediate aftermath of the pandemic, as inventory tightened despite an increase in total housing. According to a recent report by the Census Bureau, the country added more than 22 million homes between 2005 and 2024, but the effective number of vacant homes during this same time frame rose by only about 570,000. This shortage of both for-sale homes and rental units have sent prices up for both buyers and renters. How Have Costs Changed for US Renters? In 2005, renters paid a median $728 dollars a month for rent and utilities, the equivalent of about $1,176 in 2024, adjusted for inflation. The... Read more
Emotional support animals (ESAs) remain one of the most misunderstood areas of fair housing compliance. While property managers and housing providers often encounter...
For decades, when we thought of “rental housing,” our minds went straight to apartment complexes. Towering buildings with dozens or even hundreds of units, managed...
Key takeaways Multifamily loans, especially 2- to 4-unit properties, saw a 43% increase in application volume year-over-year and now show fraud indicators in 1 out of...
Rents fell for the 25th straight month in August, with prices down 2.2% year-over-year and momentum shifting as more renters opt to move for better value amid an...
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