Property Management News
High rents are worsening homelessness in major cities across the country, especially where homelessness is already at dire levels, according to a recent analysis by Zillow. Analysts estimated resulting homeless populations given a 5 percent rise in rent in 24 metropolitan areas, forecasting critical outcomes in Los Angeles and New York, where thousands more would be pushed into homelessness. The trend is being fueled primarily by the gap between incomes and rents, which have soared to historical highs in recent years, leaving many households with hardly any cushion for financial blows such as a medical emergency or job loss—events that can trigger homelessness. Low-income households are... Read more
It was the cycle that defined American life for decades. People got married, bought a house, and started a family. The kids grew up, left the nest, and didn’t...
More apartment renters nationwide are choosing to renew their leases when they expire, rather than move out. That trend has been growing for more than five years. The...
Renting to college students can be a bit different from renting to non-college student tenants. While many of the rental aspects will stay the same, it’s good to know...
Homeowners and real estate investors alike share at least one goal: to see their properties appreciate in value. Yet the run-up in the U.S. housing market in some parts...
Over the past two and a half years, overall multifamily resident satisfaction has remained continuously steady, with overall satisfaction scores ranging from 76.6% to 76.8% over the past 10 quarters, notes research firm Kingsley Associates in its quarterly report. This past quarter, the percentage of residents satisfied comes in at the top of that range, with 76.8% indicating their overall satisfaction is “good” or “excellent.” Delving down to the market level, overall resident satisfaction is constant among large metro areas compared with a year ago. The largest increase in satisfaction transpired in Denver, with 1.8% more residents reporting they’re satisfied with their... Read more
To rent an apartment on LoftSmart, a website for college students looking for off-campus housing, users browse listings, take a virtual tour, and read reviews from...
Last month, the United States Conference of Mayors passed a resolution in support of expanding the Low Income Housing Tax Credit, and calling for increased investment in...
The real estate industry is changing fast, with technology and enhanced inter-connectivity already making a massive impact in the sector in terms of how customers find a...
The for-rent advertisement on East 75th Street in Manhattan, just a half-block from Central Park, boasts natural light, a marble bathroom, and a granite kitchen. It...
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